v3.26.1
Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest Income        
Loans - including fees $ 100,126 $ 86,261 $ 195,040 $ 158,332
Investment securities - taxable 61 157 117 312
FHLB stock - taxable 1,780 1,553 3,526 3,181
Interest bearing deposits 5,071 5,122 9,859 10,418
Total interest income 107,038 93,093 208,542 172,243
Interest Expense        
Deposits 47,715 43,582 92,169 79,893
Subordinated debentures 2,519 678 4,621 1,564
Borrowings 14,382 12,313 28,055 23,877
Total interest expense 64,616 56,573 124,845 105,334
Net interest income 42,422 36,520 83,697 66,909
Provision (benefit) for credit losses and unfunded commitments 210 583 (235) 1,877
Net interest income after provision (benefit) for credit losses and unfunded commitments 42,212 35,937 83,932 65,032
Noninterest income        
Service charges on deposits and other fees 315 239 579 419
Loan servicing fees 2,268 1,525 5,816 2,520
Mortgage Purchase Program ("MPP") fees 2,306 1,355 4,276 2,496
Net gain on sale of loans 17,046 19,351 33,592 37,938
Other noninterest income (loss) (41) (32) (224) 1,939
Total noninterest income 21,894 22,438 44,039 45,312
Noninterest expense        
Salaries and employee benefits 25,026 22,234 49,379 42,677
Occupancy and equipment 744 918 1,565 1,890
Data processing expense 2,521 2,155 4,870 4,262
Professional fees 1,362 1,793 2,680 3,021
Other taxes and insurance 1,987 1,190 4,224 2,977
Other noninterest expense 3,579 3,432 6,937 6,267
Total noninterest expense 35,219 31,722 69,655 61,094
Income - before income taxes 28,887 26,653 58,316 49,250
Income tax expense 7,141 6,309 14,415 11,658
Net income 21,746 20,344 43,901 37,592
Preferred stock dividends 453 2,296 906 4,503
Net income available to common stockholders $ 21,293 $ 18,048 $ 42,995 $ 33,089
Basic earnings per common share (in USD per share) $ 0.61 $ 0.52 $ 1.24 $ 1.03
Diluted earnings per share (in USD per share) $ 0.60 $ 0.51 $ 1.22 $ 1.01
Provision (benefit) for credit losses        
Interest Expense        
Provision (benefit) for credit losses and unfunded commitments $ 264 $ 548 $ (205) $ 1,932
Provision (benefit) for unfunded commitments        
Interest Expense        
Provision (benefit) for credit losses and unfunded commitments $ (54) $ 35 $ (30) $ (55)