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v3.25.1

Operating Segments (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Reporting Information |
|  | Years ended December 31,
|  | 2024 |  | 2023 |  | 2022
Interest and dividend income |  | $ | 160,388 |  |  | $ | 102,418 |  |  | $ | 82,988 |
Reconciliation of revenue: |  |  |  |  |  |
Other noninterest income |  | 6,445 |  |  | 7,020 |  |  | 5,054 |
Total consolidated revenue |  | 166,833 |  |  | 109,438 |  |  | 88,042 |
Less: |  |  |  |  |  |
Interest expense |  | 50,021 |  |  | 19,989 |  |  | 3,422 |
Segment net interest income and noninterest income |  | 116,812 |  |  | 89,449 |  |  | 84,620 |
Less: |  |  |  |  |  |
Provision for credit losses |  | 11,113 |  |  | 309 |  |  | 995 |
Salaries and employee benefits |  | 48,470 |  |  | 31,367 |  |  | 28,917 |
Other segment items (1) |  | 46,231 |  |  | 23,933 |  |  | 19,567 |
Income tax expense |  | 3,332 |  |  | 8,304 |  |  | 8,496 |
Consolidated net income |  | $ | 7,666 |  |  | $ | 25,536 |  |  | $ | 26,645 |
|  | As of December 31, |  |
Reconciliation of assets |  | 2024 |  | 2023 |  |
Total assets for reportable segment |  | $ | 3,521,771 |  |  | $ | 2,433,426 |  |  |
Adjustments and reconciling items |  | — |  |  | — |  |  |
Total consolidated assets |  | $ | 3,521,771 |  |  | $ | 2,433,426 |  |  |
(1) - Other segment items include other non-interest expense such as occupancy expense, data processing, professional fees, regulatory assessments, and advertising.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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