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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
[1]
Assets    
Cash and due from banks $ 6,628 $ 3,056
Interest-bearing deposits in other banks 389,055 407,683
Total cash and cash equivalents 395,683 410,739
Securities available for sale, at fair value 547,769 358,329
Securities held to maturity, at carrying value, net of allowance for credit losses of $133 and $202, respectively (fair value of $271,139 and $278,951, respectively) 283,780 300,451
Equity securities, at fair value 542 515
Restricted securities, at cost 3,383 2,886
Loans held for sale 0 316
Loans, net of allowance for credit losses of $4,110 and $4,514, respectively 279,974 308,773
Premises and equipment, net of accumulated depreciation of $7,639 and $7,285, respectively 12,063 9,587
Accrued interest receivable 7,082 4,231
Other assets 4,079 5,297
Total assets 1,534,355 1,401,124
Deposits:    
Noninterest-bearing 944,838 913,379
Savings, interest-bearing checking and money market accounts 410,280 324,845
Time, $250 and over 4,781 6,510
Other time 4,641 5,201
Total deposits 1,364,540 1,249,935
Accrued interest payable 26 46
Accrued expenses and other liabilities 6,693 6,897
Total liabilities 1,371,259 1,256,878
Commitments and contingencies
Stockholders’ equity    
Preferred stock: No par value, 100,000 shares authorized, no shares issued and outstanding 0 0
Additional paid-in capital 74,785 74,785
Retained earnings 92,534 77,641
Accumulated other comprehensive loss (4,288) (8,245)
Total stockholders’ equity 163,096 144,246
Total liabilities and stockholders’ equity 1,534,355 1,401,124
Class A Common Stock    
Stockholders’ equity    
Class A and B Common Stock 32 30
Class B Common Stock    
Stockholders’ equity    
Class A and B Common Stock $ 33 $ 35
[1] Derived from audited consolidated financial statements.