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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 62,289 $ 44,008
Interest-bearing deposits with other banks 354,224 415,843
Cash and cash equivalents 416,513 459,851
Investment securities:    
Available for sale, at fair value (amortized cost of $188,267 and $159,593 at September 30, 2025 and December 31, 2024, respectively) 181,720 149,212
Held to maturity, net of allowance for credit losses of $95 and $203 (fair value of $393,540 and $424,734 at September 30, 2025 and December 31, 2024, respectively) 433,440 481,077
Equity securities, at fair value 6,113 5,814
Restricted securities, at cost 20,364 20,253
Loans held for sale, at fair value 21,500 19,606
Loans held for investment 4,882,969 4,771,988
Less: allowance for credit losses (59,554) (57,910)
Loans, net 4,823,415 4,714,078
Premises and equipment, net 80,812 81,806
Goodwill 63,266 63,266
Other intangible assets, net 31,722 38,311
Mortgage servicing rights 5,293 5,874
Right-of-use assets 10,896 11,385
Cash surrender value on life insurance 105,055 104,421
Accrued interest receivable 20,408 19,570
Deferred income taxes 30,328 31,857
Other assets 27,634 24,382
TOTAL ASSETS 6,278,479 6,230,763
Deposits:    
Noninterest-bearing 1,594,212 1,562,815
Interest-bearing checking 851,963 978,076
Money market and savings 1,790,001 1,805,884
Time deposits 1,281,132 1,181,561
Brokered deposits 10,857 0
Total deposits 5,528,165 5,528,336
FHLB advances 50,000 50,000
Guaranteed preferred beneficial interest in junior subordinated debentures (“TRUPS”), net 30,085 29,847
Subordinated debt, net 44,409 43,870
Total borrowings 124,494 123,717
Lease liabilities 11,395 11,844
Other liabilities 37,218 25,800
TOTAL LIABILITIES 5,701,272 5,689,697
COMMITMENTS AND CONTINGENCIES (Note 13)
STOCKHOLDERS’ EQUITY    
Common stock, $0.01 par value per share; shares authorized 50,000,000; shares issued and outstanding 33,421,672 and 33,332,177 at September 30, 2025 and December 31, 2024, respectively 334 333
Additional paid in capital 359,939 358,112
Retained earnings 221,693 190,166
Accumulated other comprehensive loss (4,759) (7,545)
TOTAL STOCKHOLDERS’ EQUITY 577,207 541,066
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 6,278,479 $ 6,230,763