v3.26.3
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 32,860 $ 30,771
Short-term investments 59,417 8,714
Cash and cash equivalents 92,277 39,485
Securities available-for-sale, at fair value 398,807 422,087
Securities held-to-maturity, at amortized cost 4,546 5,210
Loans held for sale 0 18,849
Loans and leases receivable, net of allowance for credit losses of $36,541 and $35,877, respectively 3,637,276 3,337,364
Premises and equipment, net 4,346 4,669
Right-of-use assets, net 4,517 5,317
Bank-owned life insurance 86,318 83,994
Federal Home Loan Bank stock, at cost 5,979 8,940
Goodwill and other intangible assets 11,833 11,985
Derivatives 78,574 36,515
Accrued interest receivable and other assets 119,799 107,472
Total assets 4,444,272 4,081,887
Liabilities and Stockholders’ Equity    
Deposits 3,749,773 3,380,415
Federal Home Loan Bank advances and other borrowings 187,393 252,051
Lease liabilities 6,355 7,361
Derivatives 63,513 36,926
Accrued interest payable and other liabilities 32,634 33,549
Total liabilities 4,039,668 3,710,302
Stockholders’ equity:    
Preferred stock, $0.01 par value, 2,500,000 shares authorized, 12,500 shares of 7% non-cumulative perpetual preferred stock, Series A, outstanding at September 30, 2026 and December 31, 2025 11,992 11,992
Common stock, $0.01 par value, 25,000,000 shares authorized, 9,566,817 and 9,493,274 shares issued, 8,357,781 and 8,325,376 shares outstanding at September 30, 2026 and December 31, 2025, respectively 97 96
Additional paid-in capital 98,853 96,487
Retained earnings 340,536 305,536
Accumulated other comprehensive loss (11,550) (9,740)
Treasury stock, 1,209,036 and 1,167,898 shares at September 30, 2026 and December 31, 2025, respectively, at cost (35,324) (32,786)
Total stockholders’ equity 404,604 371,585
Total liabilities and stockholders’ equity $ 4,444,272 $ 4,081,887