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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and due from banks $ 8,388 $ 8,712
Interest-earning deposits 245,506 179,108
Total cash and cash equivalents 253,894 187,820
Securities available for sale 752,440 774,203
Securities held to maturity (fair value $69,880 at June 30, 2026 and $87,491 at December 31, 2025) 78,560 95,862
CRA equity security, at fair value 13,320 13,459
Federal Home Loan Bank / Federal Reserve Bank stock, at cost 12,931 14,605
Loans held for sale, at fair value 1,202 450
Loans held for sale, at lower of cost or fair value 2,176 4,437
Loans 6,675,251 6,253,736
Less: allowance for credit losses 69,167 71,039
Net loans 6,606,084 6,182,697
Premises and equipment 40,830 39,164
Other real estate owned 908 0
Accrued interest receivable 34,060 31,971
Bank owned life insurance 48,071 47,761
Goodwill 36,212 36,212
Other intangible assets 7,140 7,627
Finance lease right-of-use assets 774 844
Operating lease right-of-use assets 38,098 39,886
Deferred tax assets, net 5,409 772
Other assets 38,184 48,639
TOTAL ASSETS 7,970,293 7,526,409
Deposits:    
Noninterest-bearing demand deposits 1,624,244 1,428,745
Interest-bearing deposits:    
Checking [1] 3,497,096 3,448,497
Savings 111,710 105,123
Money market accounts [2] 1,448,916 1,197,995
Certificates of deposit - retail 375,633 408,219
Certificates of deposit - listing service 0 400
Total deposits 7,057,599 6,588,979
Short-term borrowings 74,854 73,267
Finance lease liabilities 1,103 1,186
Operating lease liabilities 41,493 43,294
Subordinated debt, net 0 99,030
Due to brokers 9,642 0
Accrued expenses and other liabilities 69,817 62,447
TOTAL LIABILITIES 7,254,508 6,868,203
SHAREHOLDERS’ EQUITY    
Preferred stock (no par value; authorized 500,000 shares; issued 30,000 shares; liquidation preference of $1,000 per share) 30,000 0
Common stock (no par value; stated value $0.83 per share; authorized 42,000,000 shares; issued shares, 21,867,973 at June 30, 2026 and 21,707,259 at December 31, 2025; outstanding shares, 17,718,733 at June 30, 2026 and 17,558,019 at December 31, 2025) 18,230 18,096
Surplus 354,747 353,267
Treasury stock at cost (4,149,240 shares at June 30, 2026 and 4,149,240 shares at December 31, 2025) (122,953) (122,953)
Retained earnings 485,522 457,357
Accumulated other comprehensive loss, net of income tax (49,761) (47,561)
TOTAL SHAREHOLDERS’ EQUITY 715,785 658,206
TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY $ 7,970,293 $ 7,526,409
[1] Interest-bearing checking included $2.11 billion at June 30, 2026 and $1.98 billion at December 31, 2025 of reciprocal balances in the Reich & Tang or Promontory Demand Deposit Marketplace programs.
[2] Money market included $203.1 million at June 30, 2026 and $165.6 million at December 31, 2025 of reciprocal balances in the Promontory Demand Deposit Marketplace program.