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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash $ 16,134 $ 18,307
Interest-bearing deposits 364,359 328,833
Cash and cash equivalents 380,493 347,140
Certificates of deposit in other banks 33,625 34,722
Debt securities available for sale, at fair value (amortized cost of $123,606 and $128,964 at March 31, 2024 and December 31, 2023, respectively) 120,807 126,950
FHLB and FRB stock 13,691 18,393
SBIC investments, at cost 14,568 13,789
Loans held for sale, at fair value 2,764 3,359
Loans held for sale, at the lower of cost or fair value 220,699 198,433
Loans, net of deferred loan fees and costs 3,648,152 3,640,022
ACL on loans (47,502) (48,641)
Loans, net 3,600,650 3,591,381
Premises and equipment, net 70,588 70,937
Accrued interest receivable 16,944 16,902
Deferred income taxes, net 11,222 11,796
BOLI 88,369 88,257
Goodwill 34,111 34,111
Core deposit intangibles, net 8,297 9,059
Other assets 67,183 107,404
Total assets 4,684,011 4,672,633
Liabilities    
Deposits 3,799,807 3,661,373
Junior subordinated debt 10,045 10,021
Borrowings 291,513 433,763
Other liabilities 69,473 67,583
Total liabilities 4,170,838 4,172,740
Stockholders' equity    
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued or outstanding 0 0
Common stock, $0.01 par value, 60,000,000 shares authorized, 17,444,787 shares issued and outstanding at March 31, 2024; 17,387,069 at December 31, 2023 175 174
Additional paid in capital 172,919 172,366
Retained earnings 346,598 333,401
Unearned ESOP shares (4,364) (4,497)
Accumulated other comprehensive loss (2,155) (1,551)
Total stockholders' equity 513,173 499,893
Total liabilities and stockholders' equity $ 4,684,011 $ 4,672,633