v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and due from banks $ 53,335 $ 50,164
Interest-bearing deposits with other banks 204,335 305,402
Cash and cash equivalents 257,670 355,566
Investment securities:    
Available for sale, at fair value (amortized cost of $295,747 and $226,677 at June 30, 2026 and December 31, 2025, respectively) 287,369 220,358
Held to maturity, net of allowance for credit losses of $76 and $99 (fair value of $328,696 and $378,116 at June 30, 2026 and December 31, 2025, respectively) 366,213 414,827
Equity securities, at fair value 6,218 6,186
Restricted securities, at cost 18,003 17,989
Loans held for sale, at fair value 30,827 32,540
Loans held for investment 4,877,749 4,900,302
Less: allowance for credit losses (58,737) (58,836)
Loans, net 4,819,012 4,841,466
Premises and equipment, net 79,580 80,168
Goodwill 63,266 63,266
Other intangible assets, net 25,767 29,722
Right-of-use assets 9,691 10,523
Cash surrender value on life insurance 107,724 105,839
Accrued interest receivable 20,021 18,551
Deferred income taxes 30,657 29,825
Other assets 29,413 31,992
TOTAL ASSETS 6,151,431 6,258,818
Deposits:    
Noninterest-bearing 1,606,809 1,587,953
Interest-bearing checking 833,602 852,585
Money market and savings 1,710,570 1,814,928
Time deposits 1,247,973 1,267,487
Brokered deposits 796 10,911
Total deposits 5,399,750 5,533,864
Guaranteed preferred beneficial interest in junior subordinated debentures (“TRUPS”), net 30,327 30,168
Subordinated debt, net 58,825 58,893
Total borrowings 89,152 89,061
Lease liabilities 10,199 11,027
Other liabilities 36,255 34,993
TOTAL LIABILITIES 5,535,356 5,668,945
COMMITMENTS AND CONTINGENCIES (Note 13)
STOCKHOLDERS’ EQUITY    
Common stock, $0.01 par value per share; shares authorized 50,000,000; shares issued and outstanding 33,416,336 and 33,413,503 at June 30, 2026 and December 31, 2025, respectively 334 334
Additional paid-in capital 361,048 360,554
Retained earnings 260,782 233,578
Accumulated other comprehensive loss (6,089) (4,593)
TOTAL STOCKHOLDERS’ EQUITY 616,075 589,873
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 6,151,431 $ 6,258,818