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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and due from banks $ 8,110 $ 7,876
Interest-bearing balances with banks 391,269 310,037
Total cash and cash equivalents 399,379 317,913
Investment securities available-for-sale 396,555 410,959
Equity securities 43,923 42,583
Loans receivable 2,153,309 2,100,131
Allowance for credit losses (20,785) (19,663)
Loans receivable, net 2,132,524 2,080,468
Premises and equipment, net 10,877 12,475
Bank-owned life insurance 46,058 45,455
Equity method investments 81,423 78,255
Assets held-for-sale 0 2,278
Accrued interest receivable and other assets 113,269 138,318
TOTAL ASSETS 3,224,008 3,128,704
Deposits:    
Noninterest-bearing 1,050,104 940,994
Interest-bearing 1,754,319 1,752,621
Total deposits 2,804,423 2,693,615
Accrued interest payable and other liabilities 40,331 52,032
Repurchase agreements 3,027 2,759
Subordinated debt 73,912 73,787
Liabilities held-for-sale 0 720
Total liabilities 2,921,693 2,822,913
STOCKHOLDERS’ EQUITY    
Common stock - par value $1; 40,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 13,877,256 and 12,714,660 shares issued and outstanding, respectively, as of June 30, 2025 and 13,793,311 and 12,945,295 shares issued and outstanding, respectively, as of December 31, 2024 13,877 13,793
Additional paid-in capital 166,078 164,677
Retained earnings 173,350 172,181
Accumulated other comprehensive loss (27,869) (28,231)
Treasury stock - 1,162,596 and 848,016 shares as of June 30, 2025 and December 31, 2024, respectively, at cost (23,121) (16,741)
Total equity attributable to parent 302,315 305,679
Noncontrolling interest 0 112
Total stockholders' equity 302,315 305,791
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 3,224,008 $ 3,128,704