v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and due from banks $ 45,707 $ 34,241
Interest earning deposits with other banks 757,844 702,729
Investment securities, available-for-sale, at fair value 25 29
Investment securities, held-to-maturity, at amortized cost 44,695 48,218
Other investments 18,803 12,837
Loans held for sale 140,337 71,216
Loans receivable 4,185,529 3,749,531
Allowance for credit losses (208,104) (169,530)
Total loans receivable, net 3,977,425 3,580,001
CCBX credit enhancement asset, net 150,327 177,657
CCBX receivable 34,456 23,047
Premises and equipment, net 27,088 29,325
Lease right-of-use assets 4,093 4,821
Accrued interest receivable 24,969 18,613
Bank-owned life insurance, net 14,337 13,910
Deferred tax asset, net 17,164 0
Intangible assets, net 3,981 4,536
Other assets 15,176 20,257
Total assets 5,276,427 4,741,437
LIABILITIES    
Deposits 4,678,831 4,144,199
Principal amount $45,000 (less unamortized debt issuance costs of $445 and $557) at September 30, 2026 and December 31, 2025, respectively 44,555 44,443
Principal amount $3,609 (less unamortized debt issuance costs of $14 and $16 at September 30, 2026 and December 31, 2025, respectively) 3,595 3,593
Deferred compensation 221 267
Accrued interest payable 1,229 1,435
Lease liabilities 4,241 4,984
CCBX payable 18,780 27,492
Deferred tax liability, net 0 853
Other liabilities 46,708 23,212
Total liabilities 4,798,160 4,250,478
SHAREHOLDERS’ EQUITY    
Authorized: 25,000,000 shares at September 30, 2026 and December 31, 2025; issued and outstanding: zero shares at September 30, 2026 and December 31, 2025 0 0
Authorized: 300,000,000 shares at September 30, 2026 and December 31, 2025; 15,288,479 shares at September 30, 2026 issued and outstanding and 15,140,192 shares at December 31, 2025 issued and outstanding 237,044 233,438
Retained earnings 241,224 257,522
Accumulated other comprehensive loss, net of tax (1) (1)
Total shareholders’ equity 478,267 490,959
Total liabilities and shareholders’ equity $ 5,276,427 $ 4,741,437