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Condensed Financial Statements for Parent Company
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Condensed Financial Statements for Parent Company Condensed Financial Statements for Parent Company
The parent company’s condensed statements of financial condition as of December 31, 2025 and 2024, and the related condensed statements of income and comprehensive income, and condensed statements of cash flows for the years ended December 31, 2025, 2024, and 2023 are presented below:
Condensed Balance Sheets
December 31,
($ in thousands)20252024
Assets
Cash
$10,547 $7,803 
Investment in subsidiary378,457 355,036 
Other assets
1,060 1,051 
Total assets$390,064 $363,890 
Liabilities and Shareholders’ Equity
Other liabilities
$38 $76 
Total liabilities38 76 
Total shareholders’ equity390,026 363,814 
Total liabilities and shareholders’ equity$390,064 $363,890 
Condensed Statements of Income and Comprehensive Income
Year Ended December 31,
($ in thousands)202520242023
Income:
Dividends from subsidiary$20,393 $13,275 $18,846 
Other income— — 6 
Total income20,393 13,275 18,852 
Expense:
Other expense1,238 1,068 1,014 
Total expense1,238 1,068 1,014 
Income before taxes and equity in undistributed subsidiary income19,155 12,207 17,838 
Income tax benefit(313)(271)(293)
Income before equity in undistributed subsidiary income19,468 12,478 18,131 
Equity in undistributed subsidiary income17,985 13,332 12,574 
Net income37,453 25,810 30,705 
Preferred stock dividends300 834 — 
Net income available to common shareholders$37,153 $24,976 $30,705 
Net income$37,453 $25,810 $30,705 
Other comprehensive income (loss), net of tax4,463 (395)1,587 
Comprehensive income$41,916 $25,415 $32,292 
Condensed Statements of Cash Flows
Year Ended December 31,
($ in thousands)202520242023
Cash flows from operating activities
Net income$37,453 $25,810 $30,705 
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed subsidiary income(17,985)(13,332)(12,574)
Change in other assets(9)5 5 
Change in other liabilities8 — — 
Net cash provided by operating activities19,467 12,483 18,136 
Cash flows from investing activities:
Investment in private equity
— (1,000)— 
Net cash used in investing activities— (1,000)— 
Cash flows from financing activities:
Stock options exercised2,278 353 1,350 
Restricted stock surrendered due to employee tax liability(81)(3)(2)
Repurchase of common stock(7,101)(222)(8,828)
Stock repurchase excise tax
(8)(62)— 
Preferred stock dividends(346)(772)— 
Cash dividends paid on common stock(11,465)(10,271)(9,908)
Net cash used in financing activities(16,723)(10,977)(17,388)
Net increase in cash and cash equivalents2,744 506 748 
Cash and cash equivalents at beginning of year7,803 7,297 6,549 
Cash and cash equivalents at end of year$10,547 $7,803 $7,297