v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 16,592 $ 12,267
Interest-bearing deposits with banks 188,796 122,676
Cash and cash equivalents 205,388 134,943
Available-for-sale ("AFS") debt securities, at fair value 175,000 185,909
Other investments 17,101 16,437
Loans held-for-sale 20,016 4,581
Net loans (net of allowance for credit losses on loans of $26,286 and $24,796) 2,045,294 1,932,056
Premises and equipment, net 6,852 5,449
Accrued interest receivable 9,991 9,188
Servicing assets 10,572 10,834
Company owned life insurance 23,259 22,912
Deferred tax assets, net 12,633 14,893
Other real estate owned ("OREO") 1,237 1,237
Operating right-of-use assets 9,887 7,415
Other assets 26,365 20,159
TOTAL ASSETS 2,563,595 2,366,013
Deposits:    
Noninterest-bearing 565,683 504,928
Interest-bearing:    
Money market and others 431,252 329,095
Time deposits greater than $250 643,350 565,813
Other time deposits 614,443 627,449
Total deposits 2,254,728 2,027,285
Federal Home Loan Bank ("FHLB") advances 50,000 95,000
Accrued interest payable 15,720 16,067
Operating lease liabilities 12,243 7,857
Other liabilities 17,186 14,811
Total liabilities 2,349,877 2,161,020
SHAREHOLDERS' EQUITY    
Preferred stock – no par value; 10,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock – no par value; 50,000,000 shares authorized; 14,885,614 and 14,819,866 shares issued and outstanding 72,984 73,697
Additional paid-in capital 11,484 11,928
Retained earnings 143,114 134,781
Accumulated other comprehensive loss, net of tax (13,864) (15,413)
Total shareholders’ equity 213,718 204,993
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 2,563,595 $ 2,366,013