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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 121,032 $ 173,533 [1]
Restricted cash 0 2,459 [1]
Federal funds sold 7,773 838 [1]
Securities available for sale, at fair value 341,354 312,035 [1]
Restricted equity investments 18,988 19,275 [1]
Other equity investments 4,853 4,834 [1]
Other investments 20,804 19,405 [1]
Loans held for sale 12,819 30,976 [1]
Loans held for investment, net of deferred fees and costs 1,912,726 2,111,797 [1]
Less: allowance for credit losses (20,503) (23,023) [1]
Loans held for investment, net 1,892,223 2,088,774 [1]
Accrued interest receivable 11,012 12,537 [1]
Premises and equipment, net 21,087 21,394 [1]
Right-of-use asset 6,927 7,962 [1]
Other intangible assets 2,941 3,859 [1]
Deferred tax asset, net 24,171 27,312 [1]
Other assets 10,965 12,067 [1]
Total assets 2,496,949 2,737,260 [1]
Deposits:    
Noninterest-bearing demand 411,100 452,690 [1]
Interest-bearing demand and money market 621,268 598,875 [1]
Savings 100,300 100,857 [1]
Time 818,411 1,027,020 [1]
Total deposits 1,951,079 2,179,442 [1]
FHLB borrowings 150,000 150,000 [1]
Subordinated notes, net 14,731 39,789 [1]
Lease liabilities 7,580 8,613 [1]
Other liabilities 18,054 31,628 [1]
Total liabilities 2,141,444 2,409,472 [1]
Commitments and contingencies (Note 7)
Stockholders’ Equity:    
Common stock, no par value; 150,000,000 shares authorized at September 30, 2025 and December 31, 2024, respectively; 91,636,533 and 84,972,610 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 333,356 322,791 [1]
Additional paid-in capital 29,687 29,687 [1]
Retained earnings 24,237 17,772 [1]
Accumulated other comprehensive loss, net of tax (31,775) (42,462) [1]
Total stockholders’ equity 355,505 327,788 [1]
Total liabilities and stockholders’ equity $ 2,496,949 $ 2,737,260 [1]
[1] Derived from audited December 31, 2024 Consolidated Financial Statements.