v3.26.1
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Cash and cash equivalents    
Non-interest bearing deposits $ 12,091 $ 7,759
Interest bearing deposits 106,730 126,357
Total cash and cash equivalents 118,821 134,116
Investment securities available-for-sale (“AFS”), at fair value (amortized cost $325,768 and $312,727, net of allowance for credit losses of $0 and $0) 325,341 312,090
Federal Home Loan Bank stock, at cost 4,739 5,732
Loans receivable 2,742,549 2,648,174
Allowance for credit losses (22,064) (20,893)
Net loans 2,720,485 2,627,281
Premises and equipment, net 42,077 44,707
Goodwill 46,266 46,266
Other intangible assets, net 22,743 24,129
Deferred tax assets, net 24,055 25,142
Bank-owned life insurance 68,577 58,356
Prepaid expenses and other assets 32,825 39,689
Total assets 3,405,929 3,317,508
Deposits    
Non-interest bearing 563,008 533,232
Interest bearing 2,267,707 2,262,441
Total deposits 2,830,715 2,795,673
Short term borrowings 50,000 75,000
Subordinated debt, net 63,489 63,436
Allowance for credit losses on off-balance sheet credit exposures 2,494 3,794
Accrued interest payable 2,212 3,588
Accrued expenses and other liabilities 27,365 29,092
Total liabilities 2,976,275 2,970,583
Shareholders’ equity    
Preferred stock, $0 par value; 10,000,000 shares authorized; 0 shares issued or outstanding 0 0
Common stock, $0.50 par value; 100,000,000 shares authorized and 31,068,852 shares issued at June 30, 2026; 100,000,000 shares authorized and 24,521,194 shares issued at December 31, 2025 15,535 12,261
Additional paid-in capital 308,195 239,903
Retained earnings 106,254 95,249
Accumulated other comprehensive loss (330) (488)
Total shareholders’ equity 429,654 346,925
Total liabilities and shareholders’ equity $ 3,405,929 $ 3,317,508