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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash $ 15,435 $ 18,778
Interest-bearing deposits 300,395 260,441
Cash and cash equivalents 315,830 279,219
Certificates of deposit in other banks 20,833 28,538
Debt securities available for sale, at fair value (amortized cost of $145,261 and $154,199 at September 30, 2025 and December 31, 2024, respectively) 145,682 152,011
FHLB and FRB stock 14,325 13,630
SBIC investments 18,346 15,117
Loans held for sale, at fair value 7,907 4,144
Loans held for sale, at the lower of cost or fair value 189,047 202,018
Loans, net of deferred loan fees and costs 3,643,619 3,648,299
Allowance for credit losses - loans (43,086) (45,285)
Loans, net 3,600,533 3,603,014
Premises and equipment held for sale, at the lower of cost or fair value 616 616
Premises and equipment, net 62,437 69,872
Accrued interest receivable 17,077 18,336
Deferred income taxes, net 9,789 10,735
BOLI 93,474 90,868
Goodwill 34,111 34,111
Core deposit intangibles, net 5,259 6,595
Other assets 56,871 66,606
Total assets 4,592,137 4,595,430
Liabilities    
Deposits 3,698,227 3,779,203
Junior subordinated debt 10,195 10,120
Borrowings 230,000 188,000
Other liabilities 57,882 66,349
Total liabilities 3,996,304 4,043,672
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, 17,520,425 shares issued and outstanding at September 30, 2025; 17,527,709 at December 31, 2024 175 175
Additional paid in capital 176,289 176,693
Retained earnings 422,615 380,541
Unearned ESOP shares (3,571) (3,966)
Accumulated other comprehensive income (loss) 325 (1,685)
Total stockholders' equity 595,833 551,758
Total liabilities and stockholders' equity $ 4,592,137 $ 4,595,430