v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets:    
Cash and due from banks $ 80,239 $ 82,358
Interest bearing deposits with banks 363,031 265,891
Total cash and cash equivalents 443,270 348,249
Securities available for sale, net of allowance for credit losses of zero at March 31, 2026 and December 31, 2025 1,131,849 1,034,788
Securities held to maturity - fair value $21,478 - 2026; $23,217 - 2025 22,577 23,257
Loans held for sale 12,874 10,449
Loans 6,304,125 6,291,533
Less: Allowance for credit losses 71,422 71,066
Net loans 6,232,703 6,220,467
Premises and equipment, net 145,971 143,768
Operating lease right-of-use assets 29,829 30,558
Accrued interest receivable 36,466 36,287
Goodwill 62,772 62,772
Other assets 165,206 167,853
Total assets 8,283,517 8,078,448
Liabilities:    
Deposits 7,214,250 6,990,219
Advances from Federal Home Loan Bank and other borrowings 67,497 98,499
Subordinated debentures 53,744 53,689
Operating lease liabilities 32,017 32,523
Accrued interest payable 15,996 14,233
Other liabilities 32,703 37,267
Total liabilities 7,416,207 7,226,430
Redeemable common stock owned by the ESOP 105,317 105,317
Shareholders' equity:    
Senior Non-Cumulative Perpetual Preferred Stock, Series ECIP, no par value 250,000 authorized, issued and outstanding at March 31, 2026 and December 31, 2025; aggregate liquidation preference of $250,000 250,000 250,000
Common Stock, par value $1.00 per share 100,000,000 authorized; 11,679,489 and 11,678,902 issued and outstanding at March 31, 2026 and December 31, 2025, respectively 11,679 11,679
Additional paid-in capital 127,955 126,581
Retained earnings 485,641 465,604
Accumulated other comprehensive loss, net (7,965) (1,846)
Stockholders' equity before redeemable common stock owned by employee stock ownership plan 867,310 852,018
Less: Redeemable common stock owned by the ESOP (105,317) (105,317)
Total shareholders' equity 761,993 746,701
Total liabilities and shareholders' equity $ 8,283,517 $ 8,078,448