v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and due from banks $ 48,088 $ 34,241
Interest earning deposits with other banks 960,360 702,729
Investment securities, available-for-sale, at fair value 27 29
Investment securities, held-to-maturity, at amortized cost 45,219 48,218
Other investments 14,177 12,837
Loans held for sale 107,838 71,216
Loans receivable 4,208,270 3,749,531
Allowance for credit losses (213,724) (169,530)
Total loans receivable, net 3,994,546 3,580,001
CCBX credit enhancement asset, net 154,346 177,657
CCBX receivable 28,134 23,047
Premises and equipment, net 25,736 29,325
Lease right-of-use assets 4,368 4,821
Accrued interest receivable 20,937 18,613
Bank-owned life insurance, net 14,199 13,910
Deferred tax asset, net 16,196 0
Intangible assets, net 4,207 4,536
Other assets 17,774 20,257
Total assets 5,456,152 4,741,437
LIABILITIES    
Deposits 4,861,898 4,144,199
Principal amount $45,000 (less unamortized debt issuance costs of $482 and $557) at June 30, 2026 and December 31, 2025, respectively 44,518 44,443
Principal amount $3,609 (less unamortized debt issuance costs of $15 and $16 at June 30, 2026 and December 31, 2025, respectively) 3,594 3,593
Deferred compensation 236 267
Accrued interest payable 2,178 1,435
Lease liabilities 4,522 4,984
CCBX payable 32,980 27,492
Deferred tax liability, net 0 853
Other liabilities 42,779 23,212
Total liabilities 4,992,705 4,250,478
SHAREHOLDERS’ EQUITY    
Authorized: 25,000,000 shares at June 30, 2026 and December 31, 2025; issued and outstanding: zero shares at June 30, 2026 and December 31, 2025 0 0
Authorized: 300,000,000 shares at June 30, 2026 and December 31, 2025; 15,280,689 shares at June 30, 2026 issued and outstanding and 15,140,192 shares at December 31, 2025 issued and outstanding 236,012 233,438
Retained earnings 227,436 257,522
Accumulated other comprehensive loss, net of tax (1) (1)
Total shareholders’ equity 463,447 490,959
Total liabilities and shareholders’ equity $ 5,456,152 $ 4,741,437