v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash $ 17,141 $ 14,411
Interest-bearing deposits 255,403 310,281
Cash and cash equivalents 272,544 324,692
Certificates of deposit in other banks 11,629 18,841
Debt securities available for sale, at fair value (amortized cost of $146,448 and $141,793 at June 30, 2026 and December 31, 2025, respectively) 145,880 142,540
FHLB and FRB stock 13,620 13,636
SBIC investments 20,398 18,818
Loans held for sale, at fair value 2,999 7,005
Loans held for sale, at the lower of cost or fair value 117,891 198,688
Loans, net of deferred loan fees and costs 3,622,244 3,578,154
Allowance for credit losses – loans (39,789) (41,479)
Loans, net 3,582,455 3,536,675
Premises and equipment, net 62,485 62,400
Accrued interest receivable 14,530 15,973
Deferred income taxes, net 9,395 9,922
BOLI 95,456 93,930
Goodwill 34,111 34,111
Core deposit intangibles, net 4,172 4,848
Other assets 52,713 63,556
Total assets 4,440,278 4,545,635
Liabilities    
Deposits 3,606,847 3,709,997
Junior subordinated debt 0 10,220
Borrowings 175,000 165,000
Other liabilities 57,831 59,728
Total liabilities 3,839,678 3,944,945
Stockholders' equity    
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued or outstanding 0 0
Common stock, $0.01 par value, 60,000,000 shares authorized, 16,727,821 and 17,286,289 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 168 173
Additional paid in capital 139,759 166,856
Retained earnings 464,285 436,524
Unearned ESOP shares (3,174) (3,438)
Accumulated other comprehensive income (loss) (438) 575
Total stockholders' equity 600,600 600,690
Total liabilities and stockholders' equity $ 4,440,278 $ 4,545,635