XML 8 R2.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 272,361 $ 235,272
Interest-bearing deposits in other financial institutions 100 100
Securities available for sale 9,199 8,683
Equity securities 0 5,000
Loans held for sale, at fair value 2,484 2,623
Loans and leases, net of allowance for credit losses of $16,841 and $17,474, respectively 1,728,284 1,722,019
FHLB and FRB stock 8,343 8,918
Premises and equipment, net 3,616 3,536
Operating lease right-of-use assets 5,848 6,087
Bank owned life insurance 27,810 27,116
Accrued interest receivable and other assets 52,972 46,169
Total assets 2,111,017 2,065,523
Deposits    
Noninterest bearing 277,629 273,668
Interest bearing 1,500,977 1,482,127
Total deposits 1,778,606 1,755,795
FHLB advances and other debt 100,956 92,680
Advances by borrowers for taxes and insurance 1,479 2,238
Operating lease liabilities 6,033 6,229
Accrued interest payable and other liabilities 29,623 25,144
Subordinated debentures 15,029 15,000
Total liabilities 1,931,726 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 September 30, 2025 and December 31, 2024
Additional paid-in capital 93,298 92,225
Retained earnings 98,667 88,290
Accumulated other comprehensive loss (1,409) (1,803)
Treasury stock, at cost; 439,847 shares of voting common stock at September 30, 2025 and 398,201 shares of voting common stock at December 31, 2024 (11,334) (10,343)
Total stockholders' equity 179,291 168,437
Total liabilities and stockholders' equity 2,111,017 2,065,523
Voting Common Stock [Member]    
Stockholders' equity    
Common stock 68 55
Non-Voting Common Stock [Member]    
Stockholders' equity    
Common stock $ 1 $ 13