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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 36,438 $ 30,558
Interest-bearing deposits in other banks 215,717 238,417
Total Cash and Cash Equivalents 252,155 268,975
Securities available-for-sale, at fair value (amortized cost of $625,524 and $613,393, respectively) 566,874 550,148
Securities held-to-maturity, at amortized cost (fair value of $107,927 and $108,990, respectively) 129,686 131,796
Equity securities, at fair value 2,981 2,937
Nonmarketable equity securities 2,349 2,328
Loans held for sale 2,178 2,547
Loans held for investment 2,114,742 2,075,013
Allowance for credit losses (21,835) (21,731)
Loans held for investment, net 2,092,907 2,053,282
Premises and equipment, net 59,034 59,441
Accrued interest receivable 10,553 10,048
Bank-owned life insurance 30,593 30,380
Intangible assets 1,546 1,546
Right-of-use assets 2,611 2,733
Other assets 32,965 33,433
Total Assets 3,186,432 3,149,594
LIABILITIES    
Noninterest-bearing deposits 906,540 866,496
Interest-bearing deposits 1,919,136 1,938,610
Total Deposits 2,825,676 2,805,106
Accrued interest payable 6,463 7,583
Lease liabilities 2,739 2,864
Accrued expenses and other liabilities 18,238 14,302
Total Liabilities 2,853,116 2,829,855
COMMITMENTS AND CONTINGENCIES 0 0
STOCKHOLDERS’ EQUITY    
Preferred stock, no par value: Authorized - $1,000,000 shares; None Issued and Outstanding 0 0
Common stock, no par value: Authorized - $30,000,000 shares; Issued and Outstanding - $6,777,657 and $6,777,238 shares, respectively 38,710 38,655
Additional paid-in capital 2,871 2,777
Retained earnings 348,093 338,554
Accumulated other comprehensive income (loss) (56,358) (60,247)
Total Stockholders’ Equity 333,316 319,739
Total Liabilities and Stockholders’ Equity $ 3,186,432 $ 3,149,594