v3.26.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 24,697 $ 27,086
Interest-earning deposits with financial institutions 165,593 185,231
Cash and cash equivalents 190,290 212,317
Interest-earning time deposits in other financial institutions 600 600
Securities:    
Available for sale (amortized cost of $411,901 and $426,145 at September 30, 2026 and December 31, 2025) 381,344 407,204
Held to maturity (fair value of $3,803 and $4,103 at September 30, 2026 and December 31, 2025) 4,179 4,184
Loans held for sale 0 2,067
Loans held for investment 3,399,214 3,314,301
Allowance for loan losses (44,038) (43,888)
Loans held for investment, net of allowance for loan losses 3,355,176 3,270,413
Premises and equipment, net 17,950 23,540
Federal Home Loan Bank (FHLB) stock 15,000 15,000
Net deferred tax assets 18,174 16,347
Income tax receivable 12,754 17,483
Cash surrender value of bank owned life insurance (BOLI) 63,290 61,972
Goodwill 71,498 71,498
Right-of-use assets - operating leases 20,754 23,026
Accrued interest and other assets 100,287 82,643
Total assets 4,251,296 4,208,294
Deposits:    
Noninterest-bearing demand 556,848 526,538
Savings, NOW and money market accounts 1,237,657 956,299
Time deposits $250,000 and under 755,509 974,670
Time deposits over $250,000 845,266 892,891
Total deposits 3,395,280 3,350,398
FHLB advances 180,000 130,000
Long-term debt, net of issuance costs 80,000 119,911
Subordinated debentures, net 15,538 15,375
Lease liabilities - operating leases 22,513 24,800
Accrued interest and other liabilities 23,722 44,400
Total liabilities 3,717,053 3,684,884
Commitments and contingencies - Note 13
Shareholders' equity:    
Preferred Stock - 100,000,000 shares authorized, no par value; none outstanding 0 0
Common Stock - 100,000,000 shares authorized, no par value; 16,827,168 shares issued and outstanding at September 30, 2026 and 17,057,397 shares issued and outstanding at December 31, 2025 248,374 250,694
Additional paid-in capital 3,199 3,941
Retained earnings 303,994 282,024
Non-controlling interest 72 72
Accumulated other comprehensive loss, net (21,396) (13,321)
Total shareholders’ equity 534,243 523,410
Total liabilities and shareholders’ equity $ 4,251,296 $ 4,208,294