v3.26.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets [Abstract]    
Cash and due from banks $ 31,758 $ 26,606
Interest-bearing balances due from other banks 40,545 14,899
Cash and cash equivalents 72,303 41,505
Available for sale securities at fair value (amortized cost of $459,375 and $416,002, respectively) 411,326 370,614
Held to maturity securities at amortized cost (fair value of $49,450 and $50,540, respectively) 47,217 48,199
Loans 3,059,887 2,175,973
Less: allowance for credit losses (36,251) (26,349)
Loans, net 3,023,636 2,149,624
Bank premises and equipment, net of accumulated depreciation of $25,268 and $23,836, respectively 59,907 39,534
Other real estate owned, net 4,747 3,374
Accrued interest receivable 18,887 14,289
Deferred tax asset 15,183 14,050
Goodwill and other intangible assets, net 71,704 41,184
Bank owned life insurance 84,299 69,188
Other assets 24,594 21,112
Total assets 3,861,673 2,833,048
Deposits:    
Noninterest-bearing 621,870 445,986
Interest-bearing 2,592,016 1,904,263
Total deposits 3,213,886 2,350,249
Advances from Federal Home Loan Bank 136,000 116,000
Repurchase agreements 18,575 11,183
Subordinated debt, net of unamortized issuance costs 16,759 16,738
Junior subordinated debt 22,994 8,830
Accrued taxes and other liabilities 33,327 28,975
Total liabilities 3,441,541 2,531,975
Commitments and contingencies (Note 12)
STOCKHOLDERS’ EQUITY    
Preferred stock, no par value per share; 5,000,000 shares authorized; 6.5% Series A Non-Cumulative Perpetual Convertible Preferred Stock; 32,500 shares ($1,000 liquidation preference) issued and outstanding at June 30, 2026 and December 31, 2025 30,353 30,353
Common stock, $1.00 par value per share; 40,000,000 shares authorized; 13,777,385 and 9,798,948 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 13,777 9,799
Surplus 246,033 146,133
Retained earnings 167,784 150,510
Accumulated other comprehensive loss (37,815) (35,722)
Total stockholders’ equity 420,132 301,073
Total liabilities and stockholders’ equity 3,861,673 2,833,048
Marketable Securities and Mutual Funds [Member]    
Assets [Abstract]    
Equity securities at fair value 4,111 3,354
Equity Securities, Held In Correspondent Banks [Member]    
Assets [Abstract]    
Equity securities at fair value $ 23,759 $ 17,021