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Consolidated Balance Sheets - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 25,811 $ 9,697
Short-term investments 76,871 47,413
Cash and cash equivalents 102,682 57,110
Securities available-for-sale, at fair value 212,024 205,702
Securities held-to-maturity, at amortized cost 12,635 19,746
Loans held for sale 2,632 3,570
Loans and leases receivable, net of allowance for loan and lease losses of $24,230 and $24,336, respectively 2,418,836 2,215,072
Premises and equipment, net 4,340 1,694
Repossessed assets 95 164
Right-of-use assets, net 7,690 4,910
Bank-owned life insurance 54,018 53,600
Federal Home Loan Bank stock, at cost 17,812 13,336
Goodwill and other intangible assets 12,159 12,268
Derivative Asset 68,581 26,343
Accrued interest receivable and other assets 63,107 39,390
Total assets 2,976,611 2,652,905
Liabilities and Stockholders’ Equity    
Deposits 2,168,206 1,957,923
Federal Home Loan Bank advances and other borrowings 456,808 403,451
Junior subordinated notes 0 10,076
Lease liabilities 10,175 5,406
Derivative Liability 61,419 28,283
Accrued interest payable and other liabilities 19,363 15,344
Total liabilities $ 2,715,971 $ 2,420,483
Preferred Stock, Shares Outstanding 12,500 0
Preferred Stock, Shares Issued 12,500 0
Preferred Stock, Dividend Rate, Percentage 7.00% 7.00%
Stockholders’ equity:    
Preferred stock, Series A; $0.01 par value, 7% non-cumulative perpetual preferred stock liquidation preference $1,000 per share, 2,500,000 shares authorized, 12,500 and no shares issued or outstanding at December 31, 2022 and 2021, respectively $ 11,992 $ 0
Common stock, $0.01 par value, 25,000,000 shares authorized, 9,371,078 and 9,326,361 shares issued, 8,362,085 and 8,457,564 shares outstanding at December 31, 2022 and 2021, respectively 94 93
Additional paid-in capital 87,512 85,797
Retained earnings 203,507 170,020
Accumulated other comprehensive loss (15,310) (1,457)
Treasury stock, 1,008,993 and 868,797 shares at December 31, 2022 and 2021, respectively, at cost (27,155) (22,031)
Total stockholders’ equity 260,640 232,422
Total liabilities and stockholders’ equity $ 2,976,611 $ 2,652,905