v3.26.1
Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Cash and cash equivalents:    
Cash and due from banks $ 404,165 $ 175,202
Federal funds sold 6,732 6,027
Total cash and cash equivalents 410,897 181,229
Interest bearing time deposits in other banks 273 267
Investment securities available-for-sale 405,251 383,192
Investment securities held-to-maturity 191,952 192,008
Loans, net of allowance for credit losses of $53,591 and $43,949 at June 30, 2026 and December 31, 2025, respectively 5,382,823 4,350,802
Accrued interest receivable 30,306 29,236
Premises and equipment, net 40,178 24,789
Other real estate owned 27,321 8,388
Bank-owned life insurance 77,856 76,357
Non-marketable equity securities, at cost 23,538 16,424
Deferred tax asset, net 23,843 6,450
Derivative assets 2,594 2,544
Right-of-use asset - operating leases 16,953 17,066
Core deposit intangibles, net 8,081 646
Goodwill 46,079 18,034
Other assets 47,556 33,327
Total assets 6,735,501 5,340,759
Deposits:    
Noninterest bearing 642,748 495,000
Interest bearing 5,212,718 4,131,888
Total deposits 5,855,466 4,626,888
Accrued interest payable 5,872 5,957
Derivative liabilities 4,289 3,142
Lease liability - operating leases 18,011 18,130
Other liabilities 39,647 36,775
Line of credit - Senior Debt 60,375 37,875
Note payable - Subordinated Debentures, net 81,068 80,965
Total liabilities 6,064,728 4,809,732
Commitments and contingent liabilities - See Notes 10 and 19
Shareholders' equity:    
Series A Convertible Non-Cumulative Preferred Stock, $1 par value; 69,400 shares authorized and outstanding at June 30, 2026 and December 31, 2025 69 69
Common stock, $1 par value; 50,000,000 shares authorized; 16,717,589 and 13,969,517 issued; and 16,639,127 and 13,891,055 outstanding at June 30, 2026 and December 31, 2025, respectively 16,718 13,970
Additional paid-in capital 429,931 323,929
Retained earnings 219,238 183,238
Accumulated other comprehensive income 5,916 10,920
Treasury stock: at cost; 78,462 shares at June 30, 2026 and December 31, 2025 (1,099) (1,099)
Total shareholders' equity 670,773 531,027
Total liabilities and shareholders' equity $ 6,735,501 $ 5,340,759