v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and due from banks $ 55,196 $ 52,013
Federal funds and other interest-bearing balances 209,755 347,900
Total cash and cash equivalents 264,951 399,913
Debt securities available-for-sale, at fair value (amortized cost of $316,289 and $237,191 at June 30, 2026 and December 31, 2025) 308,792 234,890
Debt securities held-to-maturity, at amortized cost (fair value of $49,054 and $49,308 at June 30, 2026 and December 31, 2025) 52,761 52,936
Loans held for sale, at lower of cost or fair value 15,828 25,105
Loans held for investment 3,094,753 3,033,887
Allowance for credit losses on loans (34,860) (34,348)
Loans held for investment, net 3,059,893 2,999,539
Restricted stock, at cost 30,941 30,932
Premises and equipment, net 12,154 12,116
Right-of-use asset 14,664 15,094
Other real estate owned, net 8,613 0
Goodwill 110,934 110,934
Intangible assets, net 16,880 18,480
Bank owned life insurance 67,903 67,367
Deferred taxes, net 26,054 29,041
Accrued interest receivable and other assets 34,891 37,039
Total assets 4,025,259 4,033,386
LIABILITIES    
Noninterest-bearing demand 1,256,822 1,178,256
Interest-bearing NOW accounts 819,746 840,593
Money market and savings accounts 1,190,498 1,223,486
Time deposits 92,039 128,246
Total deposits 3,359,105 3,370,581
Borrowings 34,611 33,832
Operating lease liability 18,375 18,936
Accrued interest payable and other liabilities 26,528 33,451
Total liabilities 3,438,619 3,456,800
Commitments and contingencies (Note 3 and 10)
SHAREHOLDERS’ EQUITY    
Preferred stock - 50,000,000 shares authorized, no par value; no shares issued and outstanding at June 30, 2026 and December 31, 2025 0 0
Common stock - 50,000,000 shares authorized, no par value; issued and outstanding 32,110,117 and 32,418,182 at June 30, 2026 and December 31, 2025 434,514 442,394
Retained earnings 157,407 135,813
Accumulated other comprehensive loss - net of taxes (5,281) (1,621)
Total shareholders’ equity 586,640 576,586
Total liabilities and shareholders’ equity $ 4,025,259 $ 4,033,386