v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets:    
Cash and due from banks $ 19,171 $ 15,903
Short-term investments 51,303 129,551
Total cash and cash equivalents 70,474 145,454
Securities available for sale, at fair value (amortized cost $333,638 as of June 30, 2026 and $285,252 as of December 31, 2025) 315,091 269,139
Securities held to maturity, at amortized cost (fair value $12,222 as of June 30, 2026 and $12,601 as of December 31, 2025) 12,500 13,000
Total securities 327,591 282,139
Federal Home Loan Bank stock, at cost 8,051 11,801
Loans held for sale 0 400
Total loans 2,260,543 2,298,466
Allowance for credit losses (23,926) (22,018)
Net loans 2,236,617 2,276,448
Premises and equipment, net 29,153 29,183
Bank-owned life insurance 47,309 36,660
Accrued interest receivable 8,700 8,537
Net deferred tax asset 12,842 13,134
Goodwill 11,936 11,936
Mortgage servicing rights 3,168 3,033
Other assets 24,263 18,365
Total assets 2,780,104 2,837,090
Liabilities:    
Deposits 2,153,608 2,128,283
Federal Home Loan Bank advances 160,000 260,000
Subordinated debt 27,877 27,815
Accrued expenses and other liabilities 49,083 41,998
Total liabilities 2,390,568 2,458,096
Shareholders' equity:    
Common stock, $0.01 par value, 120,000,000 shares authorized, 20,076,250 shares issued and outstanding as of June 30, 2026 and December 31, 2025 201 201
Additional Paid in Capital 195,228 194,899
Unallocated ESOP common stock (14,857) (15,258)
Retained earnings 223,138 211,981
Accumulated other comprehensive loss (14,174) (12,829)
Total shareholders' equity 389,536 378,994
Total liabilities and shareholders' equity $ 2,780,104 $ 2,837,090