v3.26.1
Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Summary of Carrying Amounts and Estimated Fair Values of Financial Instruments
The following tables present the carrying amounts and estimated fair values of the Company’s financial instruments as of June 30, 2026 and December 31, 2025. Fair values for June 30, 2026 and December 31, 2025 were estimated using an exit price notion.
Carrying AmountFair ValueFair Value Measurements
($ in thousands)Level 1Level 2Level 3
June 30, 2026
Assets
Cash and cash equivalents$257,670 $257,670 $257,670 $— $— 
Available for sale securities287,369 287,369 — 287,369 — 
Held to maturity securities366,213 328,696 — 328,696 — 
Equity securities 6,218 6,218 — 6,218 — 
Restricted securities18,003 N/A— N/A— 
Loans held for sale30,827 30,827 — 30,827 — 
TBA securities42 42 — 42 — 
Loans held for investment, at amortized cost, net4,819,012 4,766,085 — — 4,766,085 
Mortgage servicing rights4,820 5,868 — 5,868 — 
Accrued interest receivable20,021 20,021 — 20,021 — 
IRLCs218 218 — — 218 
Liabilities
Deposits:
Noninterest-bearing$1,606,809 $1,606,809 $— $1,606,809 $— 
Interest-bearing checking833,602 833,602 — 833,602 — 
Money market and savings1,710,570 1,710,570 — 1,710,570 — 
Time deposits1,247,973 1,241,851 — 1,241,851 — 
Brokered deposits796 793 — 793 — 
TRUPS30,327 30,965 — 30,965 — 
Subordinated debt58,825 59,426 — 59,426 — 
TBA Securities115 115 — 115 — 
Accrued interest payable2,568 2,568 — 2,568 — 
Carrying AmountFair ValueFair Value Measurements
($ in thousands)Level 1Level 2Level 3
December 31, 2025
Assets
Cash and cash equivalents$355,566 $355,566 $355,566 $— $— 
Available for sale securities220,358 220,358 — 220,358 — 
Held to maturity securities414,827 378,116 — 378,116 — 
Equity securities6,186 6,186 — 6,186 — 
Restricted securities17,989 N/A— N/A— 
Loans held for sale32,540 32,540 — 32,540 — 
TBA securities11 11 — 11 — 
Loans held for investment, at amortized cost, net4,841,466 4,767,143 — — 4,767,143 
Mortgage servicing rights5,142 5,861 — 5,861 — 
Accrued interest receivable18,551 18,551 — 18,551 — 
IRLCs91 91 — — 91 
Liabilities
Deposits:
Noninterest-bearing$1,587,953 $1,587,953 $— $1,587,953 $— 
Interest bearing checking852,585 852,585 — 852,585 — 
Money market and savings1,814,928 1,814,928 — 1,814,928 — 
Time deposits1,267,487 1,265,740 — 1,265,740 — 
Brokered deposits10,911 10,923 — 10,923 — 
TRUPS30,168 29,586 — 29,586 — 
Subordinated debt58,893 58,064 — 58,064 — 
TBA securities59 59 — 59 — 
Accrued interest payable2,977 2,977 — 2,977 — 
IRLCs1 1 — — 1