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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and due from banks $ 6,695 $ 7,876
Interest-bearing balances with banks 244,755 310,037
Total cash and cash equivalents 251,450 317,913
Investment securities available-for-sale 419,617 411,640
Equity securities 44,317 42,583
Loans receivable 2,063,296 2,100,131
Allowance for credit losses (19,165) (19,663)
Loans receivable, net 2,044,131 2,080,468
Premises and equipment, net 11,489 12,475
Bank-owned life insurance 45,754 45,455
Equity method investments 79,004 78,255
Assets held-for-sale 0 2,278
Accrued interest receivable and other assets 123,925 137,637
TOTAL ASSETS 3,019,687 3,128,704
Deposits:    
Noninterest-bearing 1,033,056 940,994
Interest-bearing 1,550,742 1,752,621
Total deposits 2,583,798 2,693,615
Accrued interest payable and other liabilities 47,938 52,032
Repurchase agreements 4,047 2,759
Subordinated debt 73,850 73,787
Liabilities held-for-sale 0 720
Total liabilities 2,709,633 2,822,913
STOCKHOLDERS’ EQUITY    
Common stock - par value $1; 40,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 13,798,311 and 12,950,295 shares issued and outstanding, respectively, as of March 31, 2025 and 13,793,311 and 12,945,295 shares issued and outstanding, respectively, as of December 31, 2024 13,798 13,793
Additional paid-in capital 165,559 164,677
Retained earnings 173,557 172,181
Accumulated other comprehensive loss (26,119) (28,231)
Treasury stock - 848,016 shares as of March 31, 2025 and December 31, 2024, at cost (16,741) (16,741)
Total equity attributable to parent 310,054 305,679
Noncontrolling interest 0 112
Total stockholders' equity 310,054 305,791
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 3,019,687 $ 3,128,704