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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and due from banks $ 7,876 $ 6,564
Interest-bearing balances with banks 310,037 391,665
Total cash and cash equivalents 317,913 398,229
Investment securities available-for-sale 411,640 345,275
Equity securities 42,583 41,086
Loans held-for-sale 0 629
Loans receivable 2,100,131 2,317,594
Allowance for credit losses (19,663) (22,124)
Loans receivable, net 2,080,468 2,295,470
Premises and equipment, net 12,475 20,928
Bank-owned life insurance 45,455 44,287
Equity method investments 78,255 75,754
Assets held-for-sale 2,278 0
Accrued interest receivable and other assets 137,637 92,224
TOTAL ASSETS 3,128,704 3,313,882
Deposits:    
Noninterest-bearing 940,994 1,197,272
Interest-bearing 1,752,621 1,704,204
Total deposits 2,693,615 2,901,476
Accrued interest payable and other liabilities 52,032 37,917
Repurchase agreements 2,759 4,821
Subordinated debt 73,787 73,540
Senior term loan 0 6,786
Liabilities held-for-sale 720 0
TOTAL LIABILITIES 2,822,913 3,024,540
STOCKHOLDERS’ EQUITY    
Common stock - par value $1; 40,000,000 shares authorized; 13,793,311 and 12,945,295 shares issued and outstanding, respectively, as of December 31, 2024 and 13,606,399 and 12,758,383 shares issued and outstanding, respectively, as of December 31, 2023 13,793 13,606
Additional paid-in capital 164,677 160,488
Retained earnings 172,181 160,862
Accumulated other comprehensive loss (28,231) (28,831)
Treasury stock - 848,016 shares as of December 31, 2024 and December 31, 2023, at cost (16,741) (16,741)
Total equity attributable to parent 305,679 289,384
Noncontrolling interest 112 (42)
Total stockholders' equity 305,791 289,342
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 3,128,704 $ 3,313,882