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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash $ 18,382 $ 18,307
Interest-bearing deposits 275,808 328,833
Cash and cash equivalents 294,190 347,140
Certificates of deposit in other banks 32,131 34,722
Debt securities available for sale, at fair value (amortized cost of $137,212 and $128,964 at June 30, 2024 and December 31, 2023, respectively) 134,135 126,950
FHLB and FRB stock 19,637 18,393
SBIC investments, at cost 15,462 13,789
Loans held for sale, at fair value 1,614 3,359
Loans held for sale, at the lower of cost or fair value 224,976 198,433
Loans, net of deferred loan fees and costs 3,701,454 3,640,022
ACL on loans (49,223) (48,641)
Loans, net 3,652,231 3,591,381
Premises and equipment, net 69,880 70,937
Accrued interest receivable 18,412 16,902
Deferred income taxes, net 10,512 11,796
BOLI 89,176 88,257
Goodwill 34,111 34,111
Core deposit intangibles, net 7,730 9,059
Other assets 66,667 107,404
Total assets 4,670,864 4,672,633
Liabilities    
Deposits 3,707,779 3,661,373
Junior subordinated debt 10,070 10,021
Borrowings 364,513 433,763
Other liabilities 64,874 67,583
Total liabilities 4,147,236 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, 17,437,326 shares issued and outstanding at June 30, 2024; 17,387,069 at December 31, 2023 175 174
Additional paid in capital 172,907 172,366
Retained earnings 357,147 333,401
Unearned ESOP shares (4,232) (4,497)
Accumulated other comprehensive loss (2,369) (1,551)
Total stockholders' equity 523,628 499,893
Total liabilities and stockholders' equity $ 4,670,864 $ 4,672,633