v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and due from banks $ 21,812 $ 10,911
Interest-bearing deposits with banks 153,239 156,400
Cash and cash equivalents 175,051 167,311
Available-for-sale ("AFS") debt securities, at fair value 202,506 192,785
Other investments 18,824 17,208
Loans held-for-sale 21,305 11,443
Net loans (net of allowance for credit losses on loans of $28,100 and $27,975) 2,230,961 2,165,694
Premises and equipment, net 5,298 5,744
Accrued interest receivable 10,172 10,482
Servicing assets 10,280 10,057
Company owned life insurance 23,975 23,616
Deferred tax assets, net 12,456 12,438
Operating right-of-use assets 7,732 8,804
Other assets 25,746 24,644
TOTAL ASSETS 2,744,306 2,650,226
Deposits:    
Noninterest-bearing 552,300 520,865
Interest-bearing:    
Money market and others 426,501 388,066
Time deposits greater than $250 746,386 683,956
Other time deposits 643,152 687,660
Total deposits 2,368,339 2,280,547
Federal Home Loan Bank ("FHLB") advances 75,000 75,000
Subordinated note (net of unamortized debt issuance cost of $371 and $414) 24,629 24,586
Accrued interest payable 15,949 14,595
Operating lease liabilities 9,865 11,175
Other liabilities 11,881 16,430
Total liabilities 2,505,663 2,422,333
SHAREHOLDERS' EQUITY    
Preferred stock – no par value; 10,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock – no par value; 50,000,000 shares authorized; 14,926,750 and 14,889,540 shares issued and outstanding 73,018 73,018
Additional paid-in capital 12,128 11,849
Retained earnings 164,624 153,283
Accumulated other comprehensive income (loss) ("AOCI"), net of tax (11,127) (10,257)
Total shareholders’ equity 238,643 227,893
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 2,744,306 $ 2,650,226