v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Cash and due from banks:    
Noninterest-bearing $ 22,289 $ 21,110
Interest-bearing 23,767 105,064
Total cash and due from banks 46,056 126,174
Available-for-sale debt securities, at fair value 506,575 402,380
Loans receivable 2,354,365 1,895,848
Allowance for credit losses (31,048) (20,035)
Loans, net 2,323,317 1,875,813
Bank-owned life insurance 61,094 51,214
Accrued interest receivable 11,594 8,735
Bank premises and equipment, net 27,755 21,338
Foreclosed assets held for sale 189 181
Deferred tax asset, net 17,615 19,098
Goodwill 63,311 52,505
Core deposit intangibles, net 11,573 2,080
Other assets 63,390 51,135
TOTAL ASSETS 3,132,469 2,610,653
Deposits:    
Noninterest-bearing 531,442 486,566
Interest-bearing 2,033,274 1,607,343
Total deposits 2,564,716 2,093,909
Short-term borrowings 28,618 2,488
Long-term borrowings - FHLB advances 120,935 165,451
Senior notes, net 14,970 14,899
Subordinated debt, net 24,949 24,831
Accrued interest and other liabilities 36,567 33,791
TOTAL LIABILITIES 2,790,755 2,335,369
STOCKHOLDERS' EQUITY    
Preferred stock, $1,000 par value; authorized 30,000 shares; $1,000 liquidation preference per share; no shares issued
Common stock, par value $1.00 per share; authorized 30,000,000 shares; issued 18,303,120 and outstanding 17,823,444 at December 31, 2025; issued 16,030,172 and outstanding 15,433,494 at December 31, 2024 18,303 16,030
Paid-in capital 185,696 143,565
Retained earnings 171,214 165,778
Treasury stock, at cost; 479,676 shares at December 31, 2025 and 596,678 shares at December 31, 2024 (10,704) (13,328)
Accumulated other comprehensive loss (22,795) (36,761)
TOTAL STOCKHOLDERS' EQUITY 341,714 275,284
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY $ 3,132,469 $ 2,610,653