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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 240,986 $ 235,272
Interest-bearing deposits in other financial institutions 100 100
Securities available for sale 8,793 8,683
Equity securities 0 5,000
Loans held for sale, at fair value 3,505 2,623
Loans and leases, net of allowance for credit losses of $17,803 and $17,474, respectively 1,750,139 1,722,019
FHLB and FRB stock 8,022 8,918
Foreclosed assets, net 524  
Premises and equipment, net 3,472 3,536
Operating lease right-of-use assets 5,925 6,087
Bank owned life insurance 27,341 27,116
Accrued interest receivable and other assets 45,874 46,169
Total assets 2,094,681 2,065,523
Deposits    
Noninterest bearing 291,800 273,668
Interest bearing 1,491,889 1,482,127
Total deposits 1,783,689 1,755,795
FHLB advances and other debt 92,689 92,680
Advances by borrowers for taxes and insurance 1,346 2,238
Operating lease liabilities 6,083 6,229
Accrued interest payable and other liabilities 23,183 25,144
Subordinated debentures 15,009 15,000
Total liabilities 1,921,999 1,897,086
Commitments and contingent liabilities
Stockholders' equity    
Series D preferred stock, $0.01 par value; 5,000 shares authorized; 2,000 shares issued at March 31, 2025 and December 31, 2024
Additional paid-in capital 92,527 92,225
Retained earnings 92,267 88,290
Accumulated other comprehensive loss (1,725) (1,803)
Treasury stock, at cost; 402,782 shares of voting common stock at March 31, 2025 and 398,201 shares of voting common stock at December 31, 2024 (10,456) (10,343)
Total stockholders' equity 172,682 168,437
Total liabilities and stockholders' equity 2,094,681 2,065,523
Voting Common Stock [Member]    
Stockholders' equity    
Common stock 56 55
Non-Voting Common Stock [Member]    
Stockholders' equity    
Common stock $ 13 $ 13