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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and due from banks $ 10,477 $ 7,876
Interest-bearing balances with banks 289,565 310,037
Total cash and cash equivalents 300,042 317,913
Investment securities available-for-sale 324,709 410,959
Equity securities 44,199 42,583
Loans receivable 2,259,386 2,100,131
Allowance for credit losses (23,322) (19,663)
Loans receivable, net 2,236,064 2,080,468
Premises and equipment, net 10,351 12,475
Bank-owned life insurance 55,726 45,455
Equity method investments 83,922 78,255
Assets held-for-sale 0 2,278
Accrued interest receivable and other assets 177,940 138,318
TOTAL ASSETS 3,232,953 3,128,704
Deposits:    
Noninterest-bearing 1,027,231 940,994
Interest-bearing 1,748,847 1,752,621
Total deposits 2,776,078 2,693,615
Accrued interest payable and other liabilities 52,172 52,032
Repurchase agreements 2,975 2,759
Subordinated debt 73,976 73,787
Liabilities held-for-sale 0 720
Total liabilities 2,905,201 2,822,913
STOCKHOLDERS’ EQUITY    
Common stock - par value $1; 40,000,000 shares authorized as of September 30, 2025 and December 31, 2024; 13,891,704 and 12,570,104 shares issued and outstanding, respectively, as of September 30, 2025 and 13,793,311 and 12,945,295 shares issued and outstanding, respectively, as of December 31, 2024 13,892 13,793
Additional paid-in capital 167,608 164,677
Retained earnings 188,350 172,181
Accumulated other comprehensive loss (15,239) (28,231)
Treasury stock - 1,321,600 and 848,016 shares as of September 30, 2025 and December 31, 2024, respectively, at cost (26,859) (16,741)
Total equity attributable to parent 327,752 305,679
Noncontrolling interest 0 112
Total stockholders' equity 327,752 305,791
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 3,232,953 $ 3,128,704