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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and due from banks $ 8,038 $ 6,064
Interest-earning deposits 104,611 564,059
Total cash and cash equivalents 112,649 570,123
Investment securities, available-for-sale, at fair value 1,671,750 1,502,860
Commercial loans, at fair value 139,389 223,115
Loans, net of deferred loan fees and costs 7,116,676 6,113,628
Allowance for credit losses (66,200) (44,853)
Loans, net 7,050,476 6,068,775
Stock in Federal Reserve, Federal Home Loan and Atlantic Central Bankers Banks 25,205 15,642
Premises and equipment, net 29,834 27,566
Accrued interest receivable 43,090 41,713
Other real estate owned 60,695 62,025
Deferred tax asset, net 18,679 18,874
Credit enhancement asset 31,138 12,909
Other assets 169,520 183,941
Total assets 9,352,425 8,727,543
Deposits    
Demand and interest checking 7,827,037 7,434,212
Savings and money market 338,459 311,834
Total deposits 8,165,496 7,746,046
Short-term borrowings 199,000  
Senior debt 196,253 96,214
Subordinated debentures 13,401 13,401
Other long-term borrowings 13,712 14,081
Other liabilities 74,767 68,018
Total liabilities 8,662,629 7,937,760
Commitments and contingencies (Note 14)
SHAREHOLDERS' EQUITY    
Common stock - authorized, 75,000,000 shares of $1.00 par value; 48,404,006 and 42,355,361 shares issued and outstanding, respectively, at December 31, 2025 and 47,713,481 and 47,310,750 shares issued and outstanding, respectively, at December 31, 2024 48,404 47,713
Additional paid-in capital 24,207 3,233
Retained earnings 1,007,368 779,155
Accumulated other comprehensive income (loss) 10,839 (17,637)
Treasury stock at cost, 6,048,645 shares at December 31, 2025 and 402,731 shares at December 31, 2024 (401,022) (22,681)
Total shareholders' equity 689,796 789,783
Total liabilities and shareholders' equity $ 9,352,425 $ 8,727,543