v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 32,064 $ 30,771
Short-term investments 131,294 8,714
Cash and cash equivalents 163,358 39,485
Securities available-for-sale, at fair value 409,692 422,087
Securities held-to-maturity, at amortized cost 4,674 5,210
Loans held for sale 0 18,849
Loans and leases receivable, net of allowance for credit losses of $37,393 and $35,877, respectively 3,548,222 3,337,364
Premises and equipment, net 4,328 4,669
Right-of-use assets, net 4,787 5,317
Bank-owned life insurance 85,533 83,994
Federal Home Loan Bank stock, at cost 13,173 8,940
Goodwill and other intangible assets 11,933 11,985
Derivatives 45,827 36,515
Accrued interest receivable and other assets 118,477 107,472
Total assets 4,410,004 4,081,887
Liabilities and Stockholders’ Equity    
Deposits 3,592,165 3,380,415
Federal Home Loan Bank advances and other borrowings 346,794 252,051
Lease liabilities 6,698 7,361
Derivatives 39,733 36,926
Accrued interest payable and other liabilities 29,307 33,549
Total liabilities 4,014,697 3,710,302
Stockholders’ equity:    
Preferred stock, $0.01 par value, 2,500,000 shares authorized, 12,500 shares of 7% non-cumulative perpetual preferred stock, Series A, outstanding at June 30, 2026 and December 31, 2025 11,992 11,992
Common stock, $0.01 par value, 25,000,000 shares authorized, 9,565,153 and 9,493,274 shares issued, 8,368,320 and 8,325,376 shares outstanding at June 30, 2026 and December 31, 2025, respectively 97 96
Additional paid-in capital 98,111 96,487
Retained earnings 327,028 305,536
Accumulated other comprehensive loss (7,446) (9,740)
Treasury stock, 1,196,833 and 1,167,898 shares at June 30, 2026 and December 31, 2025, respectively, at cost (34,475) (32,786)
Total stockholders’ equity 395,307 371,585
Total liabilities and stockholders’ equity $ 4,410,004 $ 4,081,887