v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 56,079 $ 42,114
Investment securities available for sale at fair value (amortized cost March 31, 2026 $969,159; December 31, 2025 $957,295) 958,384 955,584
Stock of Federal Home Loan Bank 22,787 32,063
Loans held for sale 5,215 8,047
Loans, net of allowance for credit losses March 31, 2026 $56,601; December 31, 2025 $58,204 3,522,118 3,506,819
Property and equipment, net 37,234 36,040
Tax credit real estate 7,884 8,241
Accrued interest receivable 25,727 23,404
Deferred income taxes, net 21,244 18,467
Goodwill 2,500 2,500
Other assets 13,887 14,591
Total Assets 4,673,059 4,647,870
Liabilities    
Noninterest-bearing deposits 615,648 596,230
Interest-bearing deposits 2,983,970 2,771,605
Total deposits 3,599,618 3,367,835
Other short-term borrowings, including FHLB daily reset advances 380,187 586,882
Federal Home Loan Bank borrowings 64,083 64,333
Accrued interest payable 3,250 3,453
Allowance for credit losses on off-balance sheet credit exposures 4,340 4,501
Other liabilities 17,503 18,157
Total Liabilities 4,068,981 4,045,161
Redeemable Common Stock Held by Employee Stock Ownership Plan (ESOP) 58,521 54,475
STOCKHOLDERS' EQUITY    
Common stock, no par value; authorized 20,000,000 shares; issued March 31, 2026 10,340,933 shares; December 31, 2025 10,339,953 shares 0 0
Paid in capital 65,497 65,183
Retained earnings 640,206 629,068
Accumulated other comprehensive loss (8,214) (1,304)
Treasury stock at cost (March 31, 2026 1,590,991 shares; December 31, 2025 1,556,890 shares) (93,411) (90,238)
Total Stockholders' Equity 604,078 602,709
Less maximum cash obligation related to ESOP shares 58,521 54,475
Total Stockholders' Equity Less Maximum Cash Obligation Related to ESOP Shares 545,557 548,234
Total Liabilities & Stockholders' Equity $ 4,673,059 $ 4,647,870