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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 25,319 $ 27,100
Interest-bearing deposits in other financial institutions 181,823 171,692
Total cash and cash equivalents 207,142 198,792
Securities available-for-sale, at fair value (amortized cost of $167,053 and $159,742, respectively, and allowance for credit losses of $0 and $0, respectively, at December 31, 2025 and 2024) 160,009 146,349
Loans held-for-sale 12,077 6,292
Loans held-for-investment, net of deferred loan costs (fees) 2,820,400 2,629,387
Allowance for credit losses on loans (33,381) (30,628)
Net loans held-for-investment 2,787,019 2,598,759
Premises and equipment, net 8,194 8,280
Federal Home Loan Bank and other restricted stock, at cost 14,978 14,042
Bank-owned life insurance 32,796 31,766
Deferred tax assets, net 9,210 7,249
Servicing assets 5,627 5,837
Operating lease assets 17,158 17,254
Accrued interest receivable 10,669 10,466
Other assets 16,892 18,885
Total assets 3,281,771 3,063,971
Deposits:    
Noninterest-bearing demand 555,645 547,853
Savings, NOW and money market accounts 676,075 466,887
Time deposits of $250,000 or less 855,059 935,927
Time deposits of more than $250,000 708,633 665,124
Total deposits 2,795,412 2,615,791
Other short-term borrowings 0 15,000
Federal Home Loan Bank advances 34,000 0
Operating lease liabilities 18,996 18,671
Accrued interest payable and other liabilities 43,337 50,695
Total liabilities 2,891,745 2,700,157
Commitments and contingent liabilities
Preferred stock, 10,000,000 shares authorized, no par value:    
Series C, senior non-cumulative perpetual, $1,000 per share liquidation preference, 69,141 and 69,141 shares issued and outstanding at December 31, 2025 and 2024, respectively 69,141 69,141
Common stock, 60,000,000 shares authorized, no par value; issued and outstanding 14,230,428 and 14,380,651 shares, respectively, and included 90,850 and 119,100 shares of unvested restricted stock, respectively, at December 31, 2025 and 2024 139,256 143,195
Retained earnings 186,485 160,797
Accumulated other comprehensive loss, net (4,856) (9,319)
Total shareholders’ equity 390,026 363,814
Total liabilities and shareholders’ equity $ 3,281,771 $ 3,063,971