v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash and due from banks $ 52,695 $ 34,241
Interest earning deposits with other banks 1,442,772 702,729
Investment securities, available-for-sale, at fair value 28 29
Investment securities, held-to-maturity, at amortized cost 46,141 48,218
Other investments 14,023 12,837
Loans held for sale 124,039 71,216
Loans receivable 3,859,379 3,749,531
Allowance for credit losses (172,427) (169,530)
Total loans receivable, net 3,686,952 3,580,001
CCBX credit enhancement asset 180,587 177,657
CCBX receivable 24,926 23,047
Premises and equipment, net 29,710 29,325
Lease right-of-use assets 4,641 4,821
Accrued interest receivable 20,139 18,613
Bank-owned life insurance, net 14,044 13,910
Intangible assets, net 4,434 4,536
Other assets 18,698 20,257
Total assets 5,663,829 4,741,437
LIABILITIES    
Deposits 5,041,164 4,144,199
Principal amount $45,000 (less unamortized debt issuance costs of $520 and $557) at March 31, 2026 and December 31, 2025, respectively 44,480 44,443
Principal amount $3,609 (less unamortized debt issuance costs of $15 and $16 at March 31, 2026 and December 31, 2025, respectively) 3,594 3,593
Deferred compensation 251 267
Accrued interest payable 2,665 1,435
Lease liabilities 4,799 4,984
CCBX payable 28,410 27,492
Deferred tax liability, net 1,656 853
Other liabilities 33,048 23,212
Total liabilities 5,160,067 4,250,478
SHAREHOLDERS’ EQUITY    
Authorized: 25,000,000 shares at March 31, 2026 and December 31, 2025; issued and outstanding: zero shares at March 31, 2026 and December 31, 2025 0 0
Authorized: 300,000,000 shares at March 31, 2026 and December 31, 2025; 15,241,491 shares at March 31, 2026 issued and outstanding and 15,140,192 shares at December 31, 2025 issued and outstanding 234,222 233,438
Retained earnings 269,541 257,522
Accumulated other comprehensive loss, net of tax (1) (1)
Total shareholders’ equity 503,762 490,959
Total liabilities and shareholders’ equity $ 5,663,829 $ 4,741,437