v3.25.3
Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 25,724 $ 25,433
Interest-bearing deposits at other financial institutions 163,078 179,841
Federal funds sold 59 58
Total cash and cash equivalents 188,861 205,332
Investment securities available-for-sale 232,640 223,630
Restricted investments 7,057 4,479
Loans held for sale 19,679 21,270
Portfolio loans receivable, net of deferred fees and costs 2,821,983 2,630,163
Less allowance for credit losses (53,045) (48,652)
Total portfolio loans held for investment, net 2,768,938 2,581,511
Premises and equipment, net 15,304 15,525
Accrued interest receivable 19,011 16,664
Goodwill 25,969 21,126
Intangible assets 15,033 15,817
Loan servicing assets 2,070 5,511
Deferred tax asset 14,885 16,670
Bank owned life insurance 45,105 43,956
Other assets 34,890 35,420
Total assets 3,389,442 3,206,911
Deposits    
Noninterest-bearing 857,543 810,928
Interest-bearing 2,054,510 1,951,011
Total deposits 2,912,053 2,761,939
Federal Home Loan Bank advances 22,000 22,000
Other borrowed funds 12,062 12,062
Accrued interest payable 8,045 9,393
Other liabilities 40,512 46,378
Total liabilities 2,994,672 2,851,772
Stockholders' equity    
Common stock, $0.01 par value; 49,000,000 shares authorized; 16,589,241 issued and outstanding at September 30, 2025; 16,662,626 issued and outstanding at December 31, 2024 166 167
Additional paid-in capital 127,359 128,598
Retained earnings 274,041 237,843
Accumulated other comprehensive loss (6,796) (11,469)
Total stockholders' equity 394,770 355,139
Total liabilities and stockholders' equity 3,389,442 3,206,911
Other Intangible Assets    
Assets    
Intangible assets 13,457 14,072
Core deposits intangible    
Assets    
Intangible assets $ 1,576 $ 1,745