v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 83,868 $ 87,638
Time deposits in other financial institutions 350 350
Cash and cash equivalents 84,218 87,988
Equity securities, at fair value (Note 2) 9,425 9,353
Securities available for sale, at fair value (Note 2) 573,531 554,420
Securities held to maturity, at amortized cost (Note 2) 384,339 385,193
Federal Home Loan Bank stock 18,562 18,562
Federal Reserve Bank stock 12,554 12,554
Loans held for sale 9,976 7,185
Mortgage warehouse advances (Note 3) 51,187 58,987
Core loans (Note 3) 2,932,110 2,963,047
Total loans held for investment (Note 3) 2,983,297 3,022,034
Allowance for loan losses (Note 3) (35,496) (35,550)
Loans, net 2,947,801 2,986,484
Premises and equipment, net 48,670 48,110
Other real estate owned, net 2,285 2,524
Cash value of life insurance policies 86,305 74,798
Goodwill 129,854 129,854
Intangible assets 29,464 31,149
Other assets 57,581 62,377
Total assets 4,394,565 4,410,551
Liabilities    
Deposits - noninterest - bearing 912,845 907,007
Deposits -- interest-bearing 1,428,338 1,364,887
Savings deposits (Note 9) 624,084 607,045
Certificates of deposit (Note 9) 598,743 616,180
Brokered deposits 103,381 104,906
Total deposits 3,667,391 3,600,025
Borrowings 184,819 264,788
Subordinated debentures 48,552 48,460
Other liabilities 23,802 31,925
Total liabilities 3,924,564 3,945,198
Shareholders' Equity    
Preferred stock; shares authorized: 100,000; shares outstanding: none 0 0
Common stock and paid-in capital, no par value; shares authorized: 30,000,000; shares outstanding: 14,960,200 at March 31, 2026 and 15,000,939 at December 31, 2025 397,498 398,386
Retained earnings 112,008 102,641
Accumulated other comprehensive loss, net (39,505) (35,674)
Total shareholders’ equity 470,001 465,353
Total liabilities and shareholders’ equity $ 4,394,565 $ 4,410,551