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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 87,279 $ 82,018
Investment securities available for sale, net of allowance for credit losses of $0 at September 30, 2025 and December 31, 2024 484,686 437,735
Loans, less allowance for credit losses of $19,564 at September 30, 2025 and $13,196 at December 31, 2024 1,480,415 1,005,375
Other real estate owned 114 91
Premises and equipment, net 24,983 12,495
Right-of-use assets 23,937 24,334
Bank owned life insurance 33,396 16,519
Goodwill recognized 24,215 5,502
Accrued interest receivable and other assets 70,383 39,257
Total assets 2,229,408 1,623,326
Deposits:    
Non-interest bearing 862,085 699,401
Interest bearing 957,451 671,700
Total deposits 1,819,536 1,371,101
Repurchase agreements 93,863 22,073
Lease liabilities 24,631 24,759
Accrued interest payable and other liabilities 18,723 12,493
Other borrowings 26,705 15,000
Total liabilities 1,983,458 1,445,426
Commitments and contingencies (Note 5)
Shareholders’ equity:    
Common stock, no par value; 22,500,000 shares authorized; issued and outstanding – 6,952,064 shares at September 30, 2025 and 5,903,368 at December 31, 2024 75,426 29,043
Retained earnings 187,015 174,002
Accumulated other comprehensive loss, net (16,491) (25,145)
Total shareholders’ equity 245,950 177,900
Total liabilities and shareholders’ equity $ 2,229,408 $ 1,623,326