v3.25.4
Parent Company Only Condensed Financial Information (Tables)
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Schedule of Condensed Balance Sheets
Condensed Balance Sheets
As of December 31,
20252024
Assets
Cash and cash equivalents$66,728 $108,999 
Deferred tax assets11,241 11,111 
Prepaid expenses and other assets20,814 17,387 
Investment in and advances to subsidiaries1,111,308 997,329 
Total assets$1,210,091 $1,134,826 
Liabilities
Subordinated debt, net$36,680 $75,841 
Accrued expenses and other liabilities20,055 17,619 
Total liabilities56,735 93,460 
Total stockholders’ equity1,153,356 1,041,366 
Total liabilities and stockholders’ equity$1,210,091 $1,134,826 
Schedule of Condensed Statements of Income and Comprehensive Income
Condensed Statements of Income and Comprehensive Income
For the years ended December 31,

202520242023
Income:
Dividends received from subsidiaries$7,765 $720 $26,595 
Interest income31 35 36 
Total income7,796 755 26,631 
Expense:
Interest expense4,525 4,951 5,049 
Salary and employee benefits2,437 1,854 1,888 
Occupancy, equipment and software293 240 189 
Merger related expenses2,234 4,537 — 
Other noninterest expenses, net1,903 1,289 2,039 
Total expenses11,392 12,871 9,165 
(Loss) income before income taxes and undistributed earnings from subsidiaries(3,596)(12,116)17,466 
Equity in undistributed earnings from subsidiaries99,213 84,609 83,837 
Income before income taxes95,617 72,493 101,303 
Benefit from income taxes(2,319)(3,135)(2,230)
Net income$97,936 $75,628 $103,533 
Other comprehensive income, net11,762 3,895 976 
Comprehensive income$109,698 $79,523 $104,509 
Schedule of Condensed Statements of Cash Flows
Condensed Statements of Cash Flows
For the years ended December 31,
202520242023
Cash flows from operating activities:
Net income$97,936 $75,628 $103,533 
Adjustments to reconcile income to net cash (used in) provided by operating activities:
Amortization and accretion839 529 533 
Equity in undistributed income of subsidiaries(99,213)(84,609)(83,837)
Changes in operating assets and liabilities:
Other assets(3,577)(1,293)(419)
Other liabilities2,967 2,923 2,911 
Net cash (used in) provided by operating activities(1,048)(6,822)22,721 
Cash flows from investing activities:
Proceeds from sale of other investments21 — — 
Cash paid to acquire FEIF Capital Partners, LLC— — (150)
Contributions to subsidiaries— (500)(210)
Net cash provided by (used in) investing activities21 (500)(360)
Cash flows from financing activities:
Repayments of convertible notes payable— — (5,456)
Repayments of subordinated debt(40,000)— — 
Proceeds from issuance of common stock, net of issuance costs(1,244)82,271 (167)
Net cash (used in) provided by financing activities(41,244)82,271 (5,623)
Net (decrease) increase in cash and cash equivalents(42,271)74,949 16,738 
Cash and cash equivalents, beginning of year108,999 34,050 17,312 
Cash and cash equivalents, end of year$66,728 $108,999 $34,050