v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Assets [Abstract]    
Cash and cash equivalents $ 80,616,000 $ 82,018,000
Investment securities available for sale, net of allowance for credit losses of $0 at December 31, 2025 and 2024 476,595,000 437,735,000
Loans, less allowance for credit losses of $19,959,000 at December 31, 2025 and $13,196,000 at 2024 1,495,834,000 1,005,375,000
Right-of-use assets 28,860,000 24,334,000
Other real estate owned 226,000 91,000
Premises and equipment, net 24,398,000 12,495,000
Bank owned life insurance 33,659,000 16,519,000
Core deposit intangible 11,101,000 791,000
Goodwill 24,215,000 5,502,000
Interest Receivable and Other Assets 63,019,000 38,466,000
Total assets 2,238,523,000 1,623,326,000
Deposits:    
Non-interest bearing 848,986,000 699,401,000
Interest bearing 960,618,000 671,700,000
Total deposits 1,809,604,000 1,371,101,000
Repurchase agreements 97,855,000 22,073,000
Accrued interest payable and other liabilities 19,946,000 12,493,000
Borrowings 21,013,000 15,000,000
Lease liabilities 29,029,000 24,759,000
Total liabilities 1,977,447,000 1,445,426,000
Commitments and contingencies (Note 12)
Shareholders' equity:    
Serial preferred stock - no par value; 10,000,000 shares authorized; none outstanding 0 0
Common stock - no par value; 22,500,000 shares authorized; issued and outstanding – 6,958,814 at December 31, 2025 and 5,903,368 at December 31, 2024 75,668,000 29,043,000
Retained earnings 195,899,000 174,002,000
Accumulated other comprehensive loss, net of taxes (10,491,000) (25,145,000)
Total shareholders' equity 261,076,000 177,900,000
Total liabilities and shareholders' equity $ 2,238,523,000 $ 1,623,326,000