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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 170,466 $ 173,533 [1]
Restricted cash 2,167 2,459 [1]
Federal funds sold 1,725 838 [1]
Securities available for sale, at fair value 325,401 312,035 [1]
Restricted equity investments 18,797 19,275 [1]
Other equity investments 4,698 4,834 [1]
Other investments 20,381 19,405 [1]
Loans held for sale 23,624 30,976 [1]
Loans held for investment, net of deferred fees and costs 2,059,710 2,111,797 [1]
Less: allowance for credit losses (23,126) (23,023) [1]
Loans held for investment, net 2,036,584 2,088,774 [1]
Accrued interest receivable 12,700 12,537 [1]
Premises and equipment, net 20,916 21,394 [1]
Right-of-use asset 7,597 7,962 [1]
Other intangible assets 3,527 3,859 [1]
Deferred tax asset, net 26,149 27,312 [1]
Other assets 10,352 12,067 [1]
Total assets 2,685,084 2,737,260 [1]
Deposits:    
Noninterest-bearing demand 452,590 452,690 [1]
Interest-bearing demand and money market 632,983 598,875 [1]
Savings 103,622 100,857 [1]
Time 940,282 1,027,020 [1]
Total deposits 2,129,477 2,179,442 [1]
FHLB borrowings 150,000 150,000 [1]
Subordinated notes, net 39,773 39,789 [1]
Lease liability 8,280 8,613 [1]
Other liabilities 19,265 31,628 [1]
Total liabilities 2,346,795 2,409,472 [1]
Commitments and contingencies (Note 7)
Stockholders’ Equity:    
Common stock, no par value; 150,000,000 shares authorized at March 31, 2025 and December 31, 2024, respectively; 87,777,849 and 84,972,610 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 329,920 322,791 [1]
Additional paid-in capital 29,687 29,687 [1]
Retained earnings 17,338 17,772 [1]
Accumulated other comprehensive loss, net of tax (38,656) (42,462) [1]
Total stockholders’ equity 338,289 327,788 [1]
Total liabilities and stockholders’ equity $ 2,685,084 $ 2,737,260 [1]
[1] Derived from audited December 31, 2024 Consolidated Financial Statements.