v3.26.3
Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Cash and cash equivalents:    
Cash and due from banks $ 359,763 $ 175,202
Federal funds sold 6,051 6,027
Total cash and cash equivalents 365,814 181,229
Interest bearing time deposits in other banks 276 267
Investment securities available-for-sale 461,524 383,192
Investment securities held-to-maturity 191,924 192,008
Loans, net of allowance for credit losses of $54,418 and $43,949 at September 30, 2026 and December 31, 2025, respectively 5,439,085 4,350,802
Accrued interest receivable 32,083 29,236
Premises and equipment, net 40,645 24,789
Other real estate owned 26,999 8,388
Bank-owned life insurance 77,100 76,357
Non-marketable equity securities, at cost 24,860 16,424
Deferred tax asset, net 26,644 6,450
Derivative assets 5,307 2,544
Right-of-use asset - operating leases 16,833 17,066
Core deposit intangibles, net 7,655 646
Goodwill 46,079 18,034
Other assets 42,792 33,327
Total assets 6,805,620 5,340,759
Deposits:    
Noninterest bearing 721,194 495,000
Interest bearing 5,203,574 4,131,888
Total deposits 5,924,768 4,626,888
Accrued interest payable 6,910 5,957
Derivative liabilities 10,368 3,142
Lease liability - operating leases 17,887 18,130
Other liabilities 27,260 36,775
Line of credit - Senior Debt 62,375 37,875
Note payable - Subordinated Debentures, net 81,120 80,965
Total liabilities 6,130,688 4,809,732
Commitments and contingent liabilities - See Notes 10 and 19
Shareholders' equity:    
Series A Convertible Non-Cumulative Preferred Stock, $1 par value; 69,400 shares authorized and outstanding at September 30, 2026 and December 31, 2025 69 69
Common stock, $1 par value; 50,000,000 shares authorized; 16,742,520 and 13,969,517 issued; and 16,664,058 and 13,891,055 outstanding at September 30, 2026 and December 31, 2025, respectively 16,742 13,970
Additional paid-in capital 431,086 323,929
Retained earnings 237,045 183,238
Accumulated other comprehensive income (8,911) 10,920
Treasury stock: at cost; 78,462 shares at September 30, 2026 and December 31, 2025 (1,099) (1,099)
Total shareholders' equity 674,932 531,027
Total liabilities and shareholders' equity $ 6,805,620 $ 5,340,759