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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 8,692 $ 6,145
Interest-bearing deposits 402,276 450,632
Total cash and cash equivalents 410,968 456,777
Total available-for-sale securities 786,676 778,687
Held-to-maturity, debt securities, after allowance for credit loss 264,662 250,609
Loans held-for-sale 44,816 108,608
Loans 3,811,073 3,746,728
Allowance for credit losses - loans (53,096) (55,686)
Net loans 3,757,977 3,691,042
Accrued interest receivable 29,136 27,909
Federal Home Loan Bank of Indianapolis stock 28,350 28,350
Cash surrender value of bank-owned life insurance 43,175 42,559
Premises and equipment, net 65,720 67,934
Goodwill 4,687 4,687
Servicing asset, at fair value 23,180 22,793
Other real estate owned 4,121 2,631
Accrued income and other assets 92,907 89,061
Total assets 5,556,375 5,571,647
Liabilities and shareholders’ equity    
Noninterest-bearing deposits 131,366 146,879
Interest-bearing deposits 4,700,012 4,692,934
Total deposits 4,831,378 4,839,813
Advances from Federal Home Loan Bank 239,500 249,500
Subordinated debt, net of unamortized debt issuance costs of $1,374 and $1,535 in 2026 and 2025, respectively 105,626 105,465
Accrued interest payable 1,594 1,744
Accrued expenses and other liabilities 14,730 15,358
Total liabilities 5,192,828 5,211,880
Commitments and Contingencies
Shareholders’ equity    
Preferred stock, no par value; 4,913,779 shares authorized; issued and outstanding - none 0 0
Retained earnings 197,119 193,320
Accumulated other comprehensive loss (21,117) (20,130)
Total shareholders’ equity 363,547 359,767
Total liabilities and shareholders’ equity 5,556,375 5,571,647
Voting Common Stock    
Shareholders’ equity    
Common stock 187,545 186,577
Nonvoting Common Stock    
Shareholders’ equity    
Common stock $ 0 $ 0