v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 26,277 $ 20,982
Interest-bearing deposits at other banks 5,935 3,218
Investment securities available-for-sale, at fair value 340,808 348,157
Investment securities, held-to-maturity, net of allowance for credit losses of $91 and $91, fair value of $3,550 and $3,477 3,847 3,789
Bank stocks, at cost 8,079 5,756
Loans, net of allowance for credit losses of $12,657 and $12,458 1,089,705 1,098,393
Loans held for sale, at fair value 3,740 5,141
Bank owned life insurance 40,572 40,176
Premises and equipment, net 18,907 19,325
Goodwill 32,377 32,377
Other intangible assets, net 1,725 1,990
Mortgage servicing rights 3,336 3,189
Accrued interest and other assets 31,208 24,149
Total assets 1,606,516 1,606,642
Deposits:    
Non-interest-bearing demand 380,543 364,695
Money market and checking 596,083 650,987
Savings 150,961 151,406
Certificates of deposit 177,401 221,766
Total deposits 1,304,988 1,388,854
Federal Home Loan Bank and other borrowings 83,415 10,567
Subordinated debentures 21,651 21,651
Repurchase agreements 1,599 1,501
Accrued interest and other liabilities 28,005 23,438
Total liabilities 1,439,658 1,446,011
Stockholders’ equity:    
Preferred stock, $0.01 par value per share, 200,000 shares authorized; none issued
Common stock, $0.01 par value per share, 10,000,000 and 7,500,000 shares authorized at June 30, 2026 and December 31, 2025, respectively; 6,100,582 and 6,074,381 shares issued at June 30, 2026 and December 31, 2025, respectively 61 61
Additional paid-in capital 102,810 102,597
Retained earnings 71,561 63,658
Accumulated other comprehensive loss (7,574) (5,685)
Total stockholders’ equity 166,858 160,631
Total liabilities and stockholders’ equity $ 1,606,516 $ 1,606,642