v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Cash and cash equivalents:    
Cash and due from banks $ 11,067 $ 9,755
Interest-bearing deposits in other financial institutions 155,181 190,526
Total cash and cash equivalents 166,248 200,281
Available-for-sale debt securities, at fair value (amortized cost of $154,271 and $45,623, respectively) 152,544 45,607
Held-to-maturity debt securities, net of allowance for credit losses of $189 and $74 (fair value of $134,582 and $90,635), respectively 141,852 94,970
Correspondent bank stock, at cost 10,853 6,764
Mortgage loans held for sale, at fair value 18,989 40,176
Loans (includes $1,146 and $3,182 measured at fair value, respectively) 2,806,245 2,650,423
Allowance for credit losses (20,785) (21,441)
Total, net 2,785,460 2,628,982
Premises and equipment, net 25,462 25,687
Accrued interest receivable 12,515 11,209
Accounts receivable 5,343 4,579
Other receivables 106 2,444
Other real estate owned, net 0 3,040
Goodwill and other intangible assets, net 31,277 31,422
Deferred tax assets, net 5,572 4,003
Company-owned life insurance 17,772 17,416
Other assets 46,849 38,401
Total assets 3,420,842 3,154,981
Deposits:    
Noninterest-bearing 420,566 344,969
Interest-bearing 2,495,647 2,401,606
Total deposits 2,916,213 2,746,575
Borrowings:    
Federal Home Loan Bank and Federal Reserve borrowings 150,926 62,841
Subordinated notes 34,883 44,772
Accrued interest payable 1,586 1,295
Other liabilities 29,119 33,938
Total liabilities 3,132,727 2,889,421
Shareholders' Equity    
Preferred stock - no par value; 10,000,000 shares authorized; 0 issued and outstanding 0 0
Common stock - no par value; 90,000,000 shares authorized; 9,772,119 and 9,725,731 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 0 0
Additional paid-in capital 195,705 194,166
Retained earnings 90,621 72,703
Accumulated other comprehensive income (loss) 1,789 (1,309)
Total shareholders’ equity 288,115 265,560
Total liabilities and shareholders’ equity $ 3,420,842 $ 3,154,981