v3.26.1
INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Total cash and cash equivalents $ 41,774 $ 26,041
Marketable securities AFS (amortized cost of $450,111 and $507,689, respectively) 439,289 497,791
Mortgage loans HFS 410 423
Loans    
Loans held for investment 1,589,672 1,536,364
Allowance for credit losses (14,479) (13,727)
Loans, net 1,575,193 1,522,637
FHLB stock, at cost 5,600 5,600
Premises and equipment 28,894 29,000
Cash surrender value of BOLI 46,603 46,133
Goodwill and other intangible assets 48,282 48,282
Other assets 33,596 33,541
Total assets 2,219,641 2,209,448
Liabilities    
Noninterest bearing demand deposits 414,018 426,342
Interest bearing demand deposits 252,149 266,187
Money market deposits 453,478 436,631
Savings 300,867 280,429
Certificates of deposit 389,401 410,065
Total deposits 1,809,913 1,819,654
Short-term borrowings 116,012 68,000
FHLB advances 0 45,000
Subordinated debt, net of unamortized issuance costs 29,559 29,514
Other liabilities 15,453 15,884
Total liabilities 1,970,937 1,978,052
Shareholders’ equity    
Common stock — no par value, 15,000,000 shares authorized: issued and outstanding 7,628,809 shares at June 30, 2026 and 7,322,207 shares at December 31, 2025 135,079 123,204
Shares to be issued for deferred compensation obligations 2,532 2,366
Retained earnings 119,844 113,849
Accumulated other comprehensive loss (8,751) (8,023)
Total shareholders’ equity 248,704 231,396
Total liabilities and shareholders’ equity $ 2,219,641 $ 2,209,448