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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 97,885 $ 96,401
Time deposits in other financial institutions 1,093 350
Cash and cash equivalents 98,978 96,751
Equity securities, at fair value (Note 2) 9,505 7,782
Securities available for sale, at fair value (Note 2) 544,023 479,117
Securities held to maturity, at amortized cost net of credit losses (Note 2) 388,517 394,534
Federal Home Loan Bank stock 18,562 9,383
Federal Reserve Bank stock 12,554 5,307
Loans held for sale 6,323 7,288
Loans to other financial institutions (Note 3) 2,483 39,878
Core loans (Note 3) 2,907,445 1,505,762
Total loans held for investment (Note 3) 2,909,928 1,545,640
Allowance for credit losses (Note 3) (34,754) (16,552)
Loans, net 2,875,174 1,529,088
Premises and equipment, net 46,159 27,099
Other real estate owned, net 2,575 473
Cash value of life insurance policies 74,231 44,896
Goodwill 126,730 59,946
Intangible assets 31,694 1,096
Other assets 61,877 60,483
Total assets 4,296,902 2,723,243
Liabilities    
Deposits - noninterest - bearing 903,925 524,945
Deposits - interest-bearing demand deposits 1,395,724 920,167
Savings deposits 588,798 338,109
Certificates of deposit 605,912 394,371
Brokered deposits 72,672 36,511
Total deposits 3,567,031 2,214,103
Borrowings 197,752 175,000
Subordinated debentures 48,368 35,752
Other liabilities 34,136 37,973
Total liabilities 3,847,287 2,462,828
Shareholders' Equity    
Preferred stock; shares authorized: 100,000; shares outstanding: none 0 0
Common stock and paid-in capital, no par value; shares authorized: 30,000,000; shares outstanding: 15,017,802 at September 30, 2025 and 8,965,483 at December 31, 2024 398,688 206,780
Retained earnings 93,124 91,414
Accumulated other comprehensive loss, net (42,197) (37,779)
Total shareholders’ equity 449,615 260,415
Total liabilities and shareholders’ equity $ 4,296,902 $ 2,723,243