v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and due from banks $ 28,267 $ 19,841
Interest-bearing deposits 222,054 196,678
Cash and cash equivalents 250,321 216,519
Securities:    
Debt securities available for sale ("AFS"), at fair value (amortized cost of $68,814 and $72,474 at June 30, 2026 and December 31, 2025, respectively) 67,221 70,870
Debt securities held to maturity ("HTM"), at amortized cost 37,707 36,576
Equity securities with readily determinable fair values 14,372 16,569
Total securities 119,300 124,015
Loans:    
Total loans 2,682,494 2,544,713
Allowance for credit losses (34,551) (32,342)
Net loans 2,647,943 2,512,371
Premises and equipment, net 17,878 18,022
Bank owned life insurance ("BOLI") 26,977 26,547
Deferred tax assets, net 15,975 14,640
Federal Home Loan Bank ("FHLB") stock 17,401 14,314
Accrued interest receivable 12,988 12,896
Goodwill 1,516 1,516
Other real estate owned ("OREO") 1,472 1,472
Prepaid expenses and other assets 82,542 24,340
Total assets 3,194,313 2,966,652
Deposits:    
Noninterest-bearing demand 487,132 465,596
Interest-bearing demand 380,473 369,131
Savings 566,649 535,044
Brokered deposits 301,525 274,203
Time deposits 726,770 680,087
Total deposits 2,462,549 2,324,061
Borrowed funds 316,123 255,774
Subordinated debentures 10,310 10,310
Accrued interest payable 2,758 2,138
Accrued expenses and other liabilities 30,760 28,738
Total liabilities 2,822,500 2,621,021
Shareholders' equity:    
Preferred Stock
Common stock 106,701 105,892
Retained earnings 269,486 243,935
Treasury stock (3,425) (3,101)
Accumulated other comprehensive loss (949) (1,095)
Total shareholders' equity 371,813 345,631
Total liabilities and shareholders' equity 3,194,313 2,966,652
Financing Receivable Portfolio Segment, Loans Held-for-Sale    
Loans:    
Total loans 9,458 9,490
Financing Receivable Portfolio Segment, Loans Held for Investment    
Loans:    
Total loans 2,673,036 2,535,223
Financing Receivable Portfolio Segment, Loans Held for Investment, Small Business Administration Loans Held for Investment    
Loans:    
Total loans 35,816 34,259
Allowance for credit losses (1,226) (785)
Commercial Portfolio Segment    
Loans:    
Allowance for credit losses (23,941) (22,148)
Commercial Portfolio Segment, Commercial Loans    
Loans:    
Total loans 1,649,252 1,518,032
Commercial Portfolio Segment, Commercial Construction Loans    
Loans:    
Total loans 128,628 147,215
Residential Portfolio Segment, Residential Mortgage Loans    
Loans:    
Total loans 668,502 677,221
Allowance for credit losses (7,365) (7,695)
Residential Portfolio Segment, Residential Construction Loans    
Loans:    
Total loans 96,081 73,277
Allowance for credit losses (949) (719)
Consumer Portfolio Segment    
Loans:    
Total loans 94,757 85,219
Allowance for credit losses $ (1,070) $ (995)