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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 235,272 $ 261,595
Interest-bearing deposits in other financial institutions 100 100
Securities available for sale 8,683 8,092
Equity securities 5,000 5,000
Loans held for sale, at fair value 2,623 1,849
Loans and leases, net of allowance for credit losses of $17,474 and $16,865, respectively 1,722,019 1,694,133
FHLB and FRB stock 8,918 8,482
Premises and equipment, net 3,536 3,812
Operating lease right-of-use assets 6,087 5,221
Bank owned life insurance 27,116 26,266
Accrued interest receivable and other assets 46,169 44,065
Total assets 2,065,523 2,058,615
Deposits    
Noninterest bearing 273,668 235,916
Interest bearing 1,482,127 1,508,141
Total deposits 1,755,795 1,744,057
FHLB advances and other debt 92,680 109,995
Advances by borrowers for taxes and insurance 2,238 2,179
Operating lease liabilities 6,229 5,302
Accrued interest payable and other liabilities 25,144 26,747
Subordinated debentures 15,000 14,961
Total liabilities 1,897,086 1,903,241
Commitments and contingent liabilities
Stockholders' equity    
Additional paid-in capital 92,225 91,068
Retained earnings 88,290 76,517
Accumulated other comprehensive loss (1,803) (2,290)
Treasury stock, at cost; 398,201 shares of voting common stock at December 31, 2024 and 381,098 shares of voting common stock at December 31, 2023 (10,343) (9,991)
Total stockholders' equity 168,437 155,374
Total liabilities and stockholders' equity 2,065,523 2,058,615
Voting Common Stock [Member]    
Stockholders' equity    
Common stock 55 57
Non-Voting Common Stock [Member]    
Stockholders' equity    
Common stock $ 13 $ 13