v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 88,299 $ 87,638
Time deposits in other financial institutions 350 350
Cash and cash equivalents 88,649 87,988
Equity securities, at fair value (Note 2) 9,497 9,353
Securities available for sale, at fair value (Note 2) 555,571 554,420
Securities held to maturity, at amortized cost (Note 2) 383,345 385,193
Federal Home Loan Bank stock 15,823 18,562
Federal Reserve Bank stock 12,554 12,554
Loans held for sale 3,833 7,185
Mortgage warehouse advances (Note 3) 53,535 58,987
Core loans (Note 3) 3,019,246 2,963,047
Total loans held for investment (Note 3) 3,072,781 3,022,034
Allowance for credit losses (Note 3) (35,738) (35,550)
Loans, net 3,037,043 2,986,484
Premises and equipment, net 50,383 48,110
Other real estate owned, net 1,869 2,524
Cash value of life insurance policies 87,011 74,798
Goodwill 129,854 129,854
Intangible assets 27,888 31,149
Other assets 53,569 62,377
Total assets 4,456,889 4,410,551
Liabilities    
Deposits - noninterest - bearing 943,943 907,007
Deposits -- interest-bearing 1,356,540 1,364,887
Savings deposits (Note 9) 620,525 607,045
Certificates of deposit (Note 9) 587,596 616,180
Brokered deposits 93,228 104,906
Total deposits 3,601,832 3,600,025
Borrowings 294,850 264,788
Subordinated debentures 48,646 48,460
Other liabilities 28,882 31,925
Total liabilities 3,974,210 3,945,198
Shareholders' Equity    
Preferred stock; shares authorized: 100,000; shares outstanding: none 0 0
Common stock and paid-in capital, no par value; shares authorized: 30,000,000; shares outstanding: 14,950,472 at June 30, 2026 and 15,000,939 at December 31, 2025 396,681 398,386
Retained earnings 120,135 102,641
Accumulated other comprehensive loss, net (34,137) (35,674)
Total shareholders’ equity 482,679 465,353
Total liabilities and shareholders’ equity $ 4,456,889 $ 4,410,551