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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 30,896 $ 25,319
Interest-bearing deposits in other financial institutions 234,301 181,823
Total cash and cash equivalents 265,197 207,142
Securities available-for-sale, at fair value (amortized cost of $193,155 and $167,053 at June 30, 2026 and December 31, 2025, respectively) 184,318 160,009
Loans held-for-sale, at lower of cost or fair value 2,937 12,077
Loans held-for-investment, net of deferred fees and costs 2,932,019 2,820,400
Allowance for credit losses on loans (34,738) (33,381)
Net loans held-for-investment 2,897,281 2,787,019
Premises and equipment, net 7,296 8,194
Federal Home Loan Bank and other restricted stock, at cost 15,170 14,978
Bank-owned life insurance 33,351 32,796
Deferred tax assets, net 9,977 9,210
Servicing assets 5,655 5,627
Operating lease assets 15,844 17,158
Accrued interest receivable 10,574 10,669
Other assets 22,524 16,892
Total assets 3,470,124 3,281,771
Deposits:    
Noninterest-bearing demand 569,367 555,645
Savings, NOW and money market accounts 706,941 676,075
Time deposits of $250,000 or less 824,643 855,059
Time deposits of more than $250,000 821,708 708,633
Total deposits 2,922,659 2,795,412
Other short-term borrowings 10,000 0
Federal Home Loan Bank advances 80,000 34,000
Operating lease liabilities 17,701 18,996
Accrued interest payable and other liabilities 39,301 43,337
Total liabilities 3,069,661 2,891,745
Commitments and contingencies
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 June 30, 2026 and December 31, 2025, respectively 69,141 69,141
Common stock, 60,000,000 shares authorized, no par value; 14,102,189 and 14,230,428 shares issued and outstanding, respectively, and including 85,850 and 90,850 shares of unvested restricted stock, respectively, at June 30, 2026 and December 31, 2025 136,237 139,256
Retained earnings 201,214 186,485
Accumulated other comprehensive loss, net (6,129) (4,856)
Total shareholders’ equity 400,463 390,026
Total liabilities and shareholders’ equity $ 3,470,124 $ 3,281,771