v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and due from banks $ 61,691 $ 115,949 [1]
Federal funds sold 2,353 1,851 [1]
Securities available for sale, at fair value 317,016 332,928 [1]
Restricted equity investments 16,784 19,016 [1]
Other equity investments 4,999 4,910 [1]
Other investments 17,991 20,781 [1]
Loans held for sale 0 14,769 [1]
Loans held for investment, net of deferred fees and costs 1,853,461 1,865,717 [1]
Less: allowance for credit losses (22,039) (19,444) [1]
Loans held for investment, net 1,831,422 1,846,273 [1]
Accrued interest receivable 10,140 10,787 [1]
Other real estate owned ("OREO") 1,601 1,683 [1]
Premises and equipment, net 21,483 21,549 [1]
Right-of-use assets 6,054 6,637 [1]
Other intangible assets 2,165 2,642 [1]
Deferred tax asset, net 22,943 22,721 [1]
Other assets 10,675 10,093 [1]
Total assets 2,327,317 2,432,589 [1]
Deposits:    
Noninterest-bearing demand 396,284 398,541 [1]
Interest-bearing demand and money market 592,450 612,648 [1]
Savings 101,702 100,346 [1]
Time 771,897 799,627 [1]
Total deposits 1,862,333 1,911,162 [1]
FHLB borrowings 150,000 150,000 [1]
Subordinated notes, net 14,688 14,716 [1]
Lease liabilities 6,584 7,233 [1]
Dividends payable 1,024 6,578 [1]
Other liabilities 17,291 19,209 [1]
Total liabilities 2,051,920 2,108,898 [1]
Commitments and contingencies (Note 7)
Stockholders’ Equity:    
Common stock, no par value; 150,000,000 shares authorized at June 30, 2026 and December 31, 2025, respectively; and 89,655,211 and 91,475,278 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 332,489 331,917 [1]
Additional paid-in capital 23,552 23,552 [1]
Accumulated deficit (48,735) (659) [1]
Accumulated other comprehensive loss, net of tax (31,909) (31,119) [1]
Total stockholders’ equity 275,397 323,691 [1]
Total liabilities and stockholders’ equity $ 2,327,317 $ 2,432,589 [1]
[1] Derived from audited December 31, 2025 Consolidated Financial Statements.