v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash due from banks $ 18,561 $ 26,785
Federal funds sold and interest-bearing balances in banks 287,343 179,729
Cash and cash equivalents 305,904 206,514
Investment securities available-for-sale ("AFS"), at fair value, net of allowance for credit losses of $0 at both March 31, 2026 and December 31, 2025 189,432 179,708
Equity securities, at fair value 12,613 12,554
Federal Home Loan Bank ("FHLB") stock, at par 11,524 11,524
Federal Reserve Bank ("FRB") stock, at par 7,727 7,722
Loans held for sale 125 1,316
Loans, net of allowance for credit losses of $20,600 at March 31, 2026 and $21,210 at December 31, 2025 1,990,682 2,045,126
Premises and equipment, net 13,036 13,220
Core deposit intangible, net 1,631 1,745
Cash surrender value of bank owned life insurance ("BOLI") policies, net 24,547 24,353
Right-of-use assets ("ROU"), net 13,590 12,665
Goodwill 38,838 38,838
Interest receivable and other assets 38,887 38,392
Total assets 2,648,536 2,593,677
LIABILITIES AND SHAREHOLDERS' EQUITY    
Noninterest and interest bearing deposits 2,265,390 2,213,640
Junior subordinated deferrable interest debentures, net 5,874 8,726
Salary continuation plan 5,274 5,122
Lease liabilities 14,568 13,659
Interest payable and other liabilities 13,442 13,976
Total liabilities 2,304,548 2,255,123
Commitments and contingencies (Note 17)
Shareholders' equity    
Preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both March 31, 2026 and December 31, 2025
Common stock, no par value; 100,000,000 shares authorized; 10,909,317 and 10,887,681 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 166,186 165,998
Additional paid in capital 287 287
Accumulated other comprehensive loss, net of tax (6,294) (6,634)
Retained earnings 183,809 178,903
Total shareholders' equity 343,988 338,554
Total liabilities and shareholders' equity $ 2,648,536 $ 2,593,677