v3.26.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and due from financial institutions $ 45,966 $ 33,978
Interest-bearing deposits in banks 639,108 472,873
Cash and cash equivalents 685,074 506,851
Time deposits in banks 0 100
Securities available-for-sale, at fair value, net of allowance for credit losses of $0 at June 30, 2026 and December 31, 2025 (amortized cost of $103,308 and $107,197 at June 30, 2026 and December 31, 2025, respectively) 90,584 94,699
Securities held-to-maturity, at amortized cost, net of allowance for credit losses of $20 at June 30, 2026 and December 31, 2025 (fair value of $1,927 and $1,995 at June 30, 2026 and December 31, 2025, respectively) 2,135 2,190
Loans held for investment 4,519,681 4,074,929
Allowance for credit losses (47,335) (44,409)
Loans held for investment, net of allowance for credit losses 4,472,346 4,030,520
Federal Home Loan Bank of San Francisco (“FHLB”) stock 15,000 15,000
Operating leases, right-of-use asset, net 10,138 10,802
Premises and equipment, net 2,333 2,109
Bank-owned life insurance, net 28,759 23,910
Interest receivable and other assets 70,693 68,680
Total assets 5,377,062 4,754,861
Deposits:    
Non-interest-bearing 1,174,406 1,084,537
Interest-bearing 3,624,977 3,116,547
Total deposits 4,799,383 4,201,084
Subordinated notes, net 74,114 74,041
Operating lease liability 11,262 11,872
Interest payable and other liabilities 18,532 22,032
Total liabilities 4,903,291 4,309,029
Commitments and contingencies (Note 8)
Shareholders’ equity:    
Preferred stock, no par value; 10,000,000 shares authorized; zero issued and outstanding at June 30, 2026 and December 31, 2025 0 0
Common stock, no par value; 100,000,000 shares authorized; 21,402,864 shares issued and outstanding at June 30, 2026; 21,367,387 shares issued and outstanding at December 31, 2025 304,868 303,990
Retained earnings 178,318 150,985
Accumulated other comprehensive loss, net of taxes (9,415) (9,143)
Total shareholders’ equity 473,771 445,832
Total liabilities and shareholders’ equity $ 5,377,062 $ 4,754,861