v3.26.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 25,363 $ 27,086
Interest-earning deposits with financial institutions 257,652 185,231
Cash and cash equivalents 283,015 212,317
Interest-earning time deposits in other financial institutions 600 600
Securities:    
Available for sale (amortized cost of $428,022 and $426,145 at June 30, 2026 and December 31, 2025) 407,160 407,204
Held to maturity (fair value of $4,078 and $4,103 at June 30, 2026 and December 31, 2025) 4,181 4,184
Loans held for sale 0 2,067
Allowance for loan losses (43,660) (43,888)
Loans held for investment, net of allowance for loan losses 3,300,000  
Premises and equipment, net 22,868 23,540
Federal Home Loan Bank (FHLB) stock 15,000 15,000
Net deferred tax assets 15,115 16,347
Income tax receivable 7,296 17,483
Cash surrender value of bank owned life insurance (BOLI) 62,841 61,972
Goodwill 71,498 71,498
Right-of-use assets - operating leases 22,068 23,026
Accrued interest and other assets 97,561 82,643
Total assets 4,275,002 4,208,294
Deposits:    
Noninterest-bearing demand 591,556 526,538
Savings, NOW and money market accounts 1,191,198 956,299
Time deposits $250,000 and under 815,528 974,670
Time deposits over $250,000 792,359 892,891
Total deposits 3,390,641 3,350,398
FHLB advances 160,000 130,000
Long-term debt, net of issuance costs 120,000 119,911
Subordinated debentures, net 15,484 15,375
Lease liabilities - operating leases 23,836 24,800
Accrued interest and other liabilities 29,864 44,400
Total liabilities 3,739,825 3,684,884
Commitments and contingencies - Note 13
Shareholders' equity:    
Preferred Stock - 100,000,000 shares authorized, no par value; none outstanding 0 0
Common Stock - 100,000,000 shares authorized, no par value; 16,985,919 shares issued and outstanding at June 30, 2026 and 17,057,397 shares issued and outstanding at December 31, 2025 250,590 250,694
Additional paid-in capital 3,004 3,941
Retained earnings 296,119 282,024
Non-controlling interest 72 72
Accumulated other comprehensive loss, net (14,608) (13,321)
Total shareholders’ equity 535,177 523,410
Total liabilities and shareholders’ equity 4,275,002 4,208,294
Held for Investment Loans [Member]    
Securities:    
Loans held for investment 3,309,459 3,314,301
Allowance for loan losses [1] (43,660) (43,888)
Loans held for investment, net of allowance for loan losses [1] $ 3,265,799 $ 3,270,413
[1] Net of premiums (discounts) on acquired loans and net deferred (fees) and costs on originated loans.