Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents		$ 98,238	$ 52,591
Federal funds sold		71,334	97,254
Investment securities		54,805	54,282
Equity investments		9,198	11,430
Loans held for sale, at lower of amortized cost or fair value		128,226	0
Loans		2,362,796	2,215,886
Allowance for credit losses		(97,368)	(84,235)
Net loans		2,265,428	2,131,651
Goodwill		150,803	150,803
Intangible assets, net		19,146	20,591
Property, equipment, and right-of-use lease asset, net		13,756	14,076
Accrued interest receivable		15,314	13,538
Loan collateral in process of foreclosure		9,932	11,772
Income tax receivable		2,131	671
Other assets		30,295	29,168
Total assets		2,868,606	2,587,827
Liabilities
Deposits	[1]	2,090,071	1,866,657
Long-term debt	[2]	232,159	235,544
Short-term debt		49,000	8,000
Deferred tax liabilities, net	[3]	20,995	21,207
Operating lease liabilities		5,128	7,019
Accrued interest payable		8,231	6,822
Income tax payable		0	0
Accounts payable and accrued expenses	[4]	24,064	30,804
Total liabilities		2,429,648	2,176,053
Commitments and contingencies
Stockholders’ equity
Preferred stock (1,000,000 shares of $0.01 par value stock authorized-none outstanding)		0	0
Common stock (50,000,000 shares of $0.01 par value stock authorized - 29,308,182 shares at December 31, 2024 and 29,051,800 shares at December 31, 2023 issued)		293	291
Additional paid in capital		293,412	288,046
Treasury stock (6,172,558 shares at December 31, 2024 and 5,602,154 December 31, 2023)		(50,144)	(45,538)
Accumulated other comprehensive income (loss)		(3,647)	(3,696)
Retained earnings		130,256	103,883
Total stockholders’ equity		370,170	342,986
Non-controlling interest in consolidated subsidiaries		68,788	68,788
Total equity		438,958	411,774
Total liabilities and equity		$ 2,868,606	$ 2,587,827
Number of shares outstanding		23,135,624	23,449,646
Book value per share		$ 16	$ 14.63

[1] Includes $4.6 million and $4.3 million of deferred financing costs as of December 31, 2024 and 2023. Refer to Note 5 for more details

[2] Includes $3.6 million and $4.2 million of deferred financing costs as of December 31, 2024 and 2023. Refer to Note 5 for more details.

[3] Includes $42.8 million and $43.0 million of deferred tax liabilities related to goodwill and intangible assets as of December 31, 2024 and 2023. Refer to Note 7 for more details.

[4] Includes the short-term portion of lease liabilities of $2.3 million and $2.5 million as of December 31, 2024 and 2023. Refer to Note 6 for more details.