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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 36,275 $ 29,495
Short-term investments 8,074 128,207
Cash and cash equivalents 44,349 157,702
Securities available-for-sale, at fair value 411,111 341,392
Securities held-to-maturity, at amortized cost 5,584 6,741
Loans held for sale 13,482 13,498
Loans and leases receivable, net of allowance for credit losses of $36,690 and $35,785, respectively 3,298,266 3,077,343
Premises and equipment, net 4,936 5,227
Repossessed assets 0 51
Right-of-use assets, net 5,577 5,702
Bank-owned life insurance 83,255 57,210
Federal Home Loan Bank stock, at cost 9,605 11,616
Goodwill and other intangible assets 12,041 11,912
Derivatives 37,634 65,762
Accrued interest receivable and other assets 109,005 99,059
Total assets 4,034,845 3,853,215
Liabilities and Stockholders’ Equity    
Deposits 3,333,071 3,107,140
Federal Home Loan Bank advances and other borrowings 266,677 320,049
Lease liabilities 7,687 7,926
Derivatives 38,726 57,068
Accrued interest payable and other liabilities 30,365 32,443
Total liabilities 3,676,526 3,524,626
Stockholders’ equity:    
Preferred stock, $0.01 par value, 2,500,000 shares authorized, 12,500 shares of 7% non-cumulative perpetual preferred stock, Series A, outstanding at September 30, 2025 and December 31, 2024 11,992 11,992
Common stock, $0.01 par value, 25,000,000 shares authorized, 9,491,981 and 9,433,637 shares issued, 8,324,387 and 8,293,928 shares outstanding at September 30, 2025 and December 31, 2024, respectively 96 95
Additional paid-in capital 95,814 93,545
Retained earnings 294,837 265,778
Accumulated other comprehensive loss (11,650) (11,425)
Treasury stock, 1,167,594 and 1,139,709 shares at September 30, 2025 and December 31, 2024, respectively, at cost (32,770) (31,396)
Total stockholders’ equity 358,319 328,589
Total liabilities and stockholders’ equity $ 4,034,845 $ 3,853,215