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Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 12,006 $ 8,662
Due from Federal Reserve Bank and interest-bearing deposits in banks 165,313 74,039
Total cash and cash equivalents 177,319 82,701
Securities available-for-sale, at fair value (amortized cost $174,278 and $369,155, net of allowance for credit losses of $0 and $0) 173,588 296,556
Loans, net of allowance for credit losses on loans of $21,025 in 2025 and $18,679 in 2024 1,937,560 1,846,263
Federal Home Loan Bank stock, at cost 8,409 8,409
Premises and equipment, net 1,739 2,331
Cash surrender value of Bank-owned life insurance policies 12,953 12,674
Accrued interest receivable and other assets 50,886 55,554
Total assets 2,362,454 2,304,488
Deposits    
Noninterest-bearing 471,770 414,327
Interest-bearing 1,577,388 1,477,028
Total deposits 2,049,158 1,891,355
Subordinated debt, net 22,000 22,000
Short-term borrowings   185,000
Accrued interest payable and other liabilities 18,183 19,771
Total liabilities 2,089,341 2,118,126
Commitments and contingent liabilities (Note 9)
Shareholders' equity    
Preferred stock - no par value; 5,000,000 shares authorized; no shares issued and outstanding at September 30, 2025 and December 31, 2024
Common stock - no par value; 25,000,000 shares authorized; 10,925,102 and 7,906,761 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 169,342 106,997
Retained earnings 104,201 130,703
Accumulated other comprehensive loss, net of taxes (430) (51,338)
Total shareholders' equity 273,113 186,362
Total liabilities and shareholders' equity $ 2,362,454 $ 2,304,488