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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Cash and due from banks $ 12,391 $ 19,280
Interest-bearing deposits at other financial institutions 48,889 12,355
Total cash and cash equivalents 61,280 31,635
Certificates of deposit at other financial institutions 0 1,727
Securities available-for-sale, at fair value (amortized cost of $335,152 and $310,272, net of allowance for credit losses of $0 and $0, respectively) 311,695 281,175
Securities held-to-maturity, at amortized cost (fair value of $32,142 and $8,144, net of allowance for credit losses of $220 and $45, respectively) 31,386 8,455
Loans held for sale, at fair value 38,579 27,835
Loans receivable, net of allowance for credit losses of $30,056 and $31,870 (includes loans of $12,571 and $12,728, at fair value, respectively) 2,599,601 2,501,951
Accrued interest receivable 15,122 13,881
Premises and equipment, net 32,444 29,756
Operating lease right-of-use (“ROU”) assets 6,832 5,378
Federal Home Loan Bank (“FHLB”) stock, at cost 7,975 15,621
Deferred tax asset, net 6,767 7,059
Bank owned life insurance (“BOLI”), net 38,531 38,528
Goodwill 3,592 3,592
Core deposit intangible, net 11,284 13,710
Other assets 35,231 39,670
TOTAL ASSETS 3,208,825 3,029,177
LIABILITIES    
Noninterest-bearing accounts 665,852 638,158
Interest-bearing accounts 2,020,640 1,701,260
Total deposits 2,686,492 2,339,418
Borrowings 129,305 307,806
Subordinated notes:    
Principal amount 50,000 50,000
Unamortized debt issuance costs (356) (406)
Total subordinated notes less unamortized debt issuance costs 49,644 49,594
Operating lease liabilities 6,993 5,556
Other liabilities 35,880 31,036
Total liabilities 2,908,314 2,733,410
COMMITMENTS AND CONTINGENCIES (NOTE 8)
STOCKHOLDERS’ EQUITY    
Preferred stock, $.01 par value; 5,000,000 shares authorized; none issued or outstanding 0 0
Common stock, $.01 par value; 45,000,000 shares authorized; 7,535,330 and 7,833,014 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 75 78
Additional paid-in capital 43,907 55,716
Retained earnings 273,882 257,113
Accumulated other comprehensive loss, net of tax (17,353) (17,140)
Total stockholders’ equity 300,511 295,767
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 3,208,825 3,029,177
Mortgage Servicing Rights [Member]    
Mortgage servicing rights (“MSRs”), held at the lower of cost or fair value $ 8,506 $ 9,204