XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF CONDITION (CURRENT PERIOD UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 72,953 $ 62,379
Interest-bearing deposits in other banks (including restricted cash) 25,895 152,584
Total cash, cash equivalents and restricted cash 98,848 214,963
Investments:    
Trading securities 5,581 5,243
Available-for-sale securities, at fair value (amortized cost of $935,635 and $673,003, respectively) 889,765 593,749
Held-to-maturity securities, at amortized cost (fair value of $464,551 and $470,824, respectively) 495,007 517,778
Other investments 31,185 22,514
Total investments 1,421,538 1,139,284
Loans held for sale, at fair value (book value of $9,648 and $10,923, respectively) 9,775 11,049
Loans 5,002,927 4,115,259
Less: allowance for credit losses on loans (45,501) (35,728)
Net loans 4,957,426 4,079,531
Goodwill 151,505 94,697
Core deposit intangible assets 44,053 415
Bank-owned life insurance 111,299 104,308
Premises and equipment, net 50,592 37,052
Deferred tax assets 52,767 40,037
Other assets 83,719 83,802
Total assets 6,981,522 5,805,138
Deposits:    
Non-interest checking 1,162,149 925,571
Interest checking 1,535,482 1,483,589
Savings and money market 1,879,770 1,511,589
Certificates of deposit 701,031 532,424
Brokered deposits 124,326 179,994
Total deposits 5,402,758 4,633,167
Short-term borrowings 748,492 500,621
Long-term borrowings 1,000  
Junior subordinated debentures 61,441 44,331
Accrued interest and other liabilities 91,387 95,788
Total liabilities 6,305,078 5,273,907
Commitments and Contingencies (Note 9)
Shareholders’ Equity    
Common stock, no par value: authorized 40,000,000 shares, issued and outstanding 16,922,225 and 14,579,339 on September 30, 2025 and December 31, 2024, respectively 215,145 116,425
Retained earnings 529,721 509,452
Accumulated other comprehensive loss (68,422) (94,646)
Total shareholders’ equity 676,444 531,231
Total liabilities and shareholders’ equity $ 6,981,522 $ 5,805,138