v3.25.4
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 52,235 $ 56,984
Interest bearing deposits 86,152 62,898
Cash and Cash Equivalents 138,387 119,882
Securities available for sale 495,909 559,182
Securities held to maturity (fair value of $282,830 at December 31, 2025 and $301,860 at December 31, 2024) 309,523 339,436
Federal Home Loan Bank and Federal Reserve Bank stock, at cost 18,102 16,099
Loans held for sale, carried at fair value 9,031 7,643
Loans    
Financing receivable, before allowance for credit loss 4,276,285 4,038,825
Allowance for credit losses (63,445) (59,379)
Net Loans 4,212,840 3,979,446
Other real estate and repossessed assets, net 896 938
Property and equipment, net 38,972 37,492
Bank-owned life insurance 53,750 53,855
Capitalized mortgage loan servicing rights, carried at fair value 31,493 46,796
Other intangibles, net 1,001 1,488
Goodwill 28,300 28,300
Accrued income and other assets 167,516 147,547
Total Assets 5,505,720 5,338,104
Deposits    
Non-interest bearing 991,984 1,013,647
Savings and interest-bearing checking 2,113,260 1,995,314
Reciprocal 974,921 907,031
Time 662,858 628,285
Brokered time 18,659 109,811
Total Deposits 4,761,682 4,654,088
Other borrowings 77,003 45,009
Subordinated debt 0 39,586
Subordinated debentures 39,864 39,796
Accrued expenses and other liabilities 124,220 104,939
Total Liabilities 5,002,769 4,883,418
Commitments and contingent liabilities
Shareholders’ Equity    
Preferred stock, no par value, 200,000 shares authorized; none issued or outstanding 0 0
Common stock, no par value, 500,000,000 shares authorized; issued and outstanding: 20,548,893 shares at December 31, 2025 and 20,895,714 shares at December 31, 2024 307,845 318,777
Retained earnings 252,794 205,853
Accumulated other comprehensive loss (57,688) (69,944)
Total Shareholders’ Equity 502,951 454,686
Total Liabilities and Shareholders’ Equity 5,505,720 5,338,104
Commercial    
Loans    
Financing receivable, before allowance for credit loss 2,213,557 1,937,364
Allowance for credit losses (29,012) (22,872)
Mortgage    
Loans    
Financing receivable, before allowance for credit loss 1,524,821 1,516,726
Allowance for credit losses (20,914) (22,317)
Installment    
Loans    
Financing receivable, before allowance for credit loss 537,907 584,735
Allowance for credit losses $ (2,639) $ (3,040)