v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash and due from banks $ 146,608 $ 115,949 [1]
Federal funds sold 1,451 1,851 [1]
Securities available for sale, at fair value 331,914 332,928 [1]
Restricted equity investments 18,405 19,016 [1]
Other equity investments 4,952 4,910 [1]
Other investments 20,916 20,781 [1]
Loans held for sale 0 14,769 [1]
Loans held for investment, net of deferred fees and costs 1,833,899 1,865,717 [1]
Less: allowance for credit losses (19,184) (19,444) [1]
Loans held for investment, net 1,814,715 1,846,273 [1]
Accrued interest receivable 11,134 10,787 [1]
Other real estate owned ("OREO") 1,560 1,683 [1]
Premises and equipment, net 21,635 21,549 [1]
Right-of-use assets 6,326 6,637 [1]
Other intangible assets 2,394 2,642 [1]
Deferred tax asset, net 22,586 22,721 [1]
Other assets 9,450 10,093 [1]
Total assets 2,414,046 2,432,589 [1]
Deposits:    
Noninterest-bearing demand 392,067 398,541 [1]
Interest-bearing demand and money market 598,599 612,648 [1]
Savings 102,400 100,346 [1]
Time 800,008 799,627 [1]
Total deposits 1,893,074 1,911,162 [1]
FHLB borrowings 150,000 150,000 [1]
Subordinated notes, net 14,702 14,716 [1]
Lease liabilities 6,906 7,233 [1]
Dividends payable 54,055 6,578 [1]
Other liabilities 18,345 19,209 [1]
Total liabilities 2,137,082 2,108,898 [1]
Commitments and contingencies (Note 7)
Stockholders’ Equity:    
Common stock, no par value; 150,000,000 shares authorized at March 31, 2026 and December 31, 2025, respectively; and 89,796,993 and 91,475,278 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 332,152 331,917 [1]
Additional paid-in capital 23,552 23,552 [1]
Accumulated deficit (47,440) (659) [1]
Accumulated other comprehensive loss, net of tax (31,300) (31,119) [1]
Total stockholders’ equity 276,964 323,691 [1]
Total liabilities and stockholders’ equity $ 2,414,046 $ 2,432,589 [1]
[1] Derived from audited December 31, 2025 Consolidated Financial Statements.