Consolidated Balance Sheets - USD ($) $ in Thousands		Mar. 31, 2025		Dec. 31, 2024
Assets
Cash and cash equivalents		$ 131,512		$ 98,238
Federal funds sold		26,482		71,334
Investment securities		60,424		54,805
Equity investments		8,997		9,198
Loans held for sale, at lower of amortized cost or fair value		124,733		128,226
Loans		2,361,700		2,362,796
Allowance for credit losses		(100,366)	[1]	(97,368)	[2]
Total loans receivable		2,261,334		2,265,428
Goodwill		150,803		150,803
Intangible assets, net		18,785		19,146
Property, equipment, and right-of-use lease asset, net		12,814		13,756
Accrued interest receivable		14,437		15,314
Loan collateral in process of foreclosure		9,183		9,932
Income tax receivable		0		2,131
Other assets		28,234		30,295
Total assets		2,847,738		2,868,606
Liabilities
Deposits	[3]	2,022,828		2,090,071
Long-term debt	[4]	199,665		232,159
Short-term debt	[5]	111,750		49,000
Deferred tax liabilities, net		21,538		20,995
Operating lease liabilities		4,528		5,128
Accrued interest payable		6,610		8,231
Income tax payable		4,283		0
Accounts payable and accrued expenses	[6]	27,524		24,064
Total liabilities		2,398,726		2,429,648
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 29,467,773 shares at March 31, 2025 and 29,308,182 shares at December 31, 2024 issued)		295		293
Additional paid in capital		293,897		293,412
Treasury stock (6,232,743 shares at March 31, 2025 and 6,172,558 shares at December 31, 2024)		(50,675)		(50,144)
Accumulated other comprehensive loss		(3,009)		(3,647)
Retained earnings		139,716		130,256
Total stockholders’ equity		380,224		370,170
Non-controlling interest in consolidated subsidiaries		68,788		68,788
Total equity		449,012		438,958
Total liabilities and equity		$ 2,847,738		$ 2,868,606
Number of common shares outstanding		23,235,030		23,135,624
Book value per common share		$ 16.36		$ 16

[1] As of March 31, 2025, total allowance for credit losses as a percent of nonaccrual loans was 293.37%.

[2] As of December 31, 2024, total allowance for credit losses as a percent of nonaccrual loans was 291.93%

[3] Includes $4.5 million and $4.6 million of deferred financing costs as of March 31, 2025 and December 31, 2024. Refer to Note 5 for more details.

[4] Includes $3.6 million of deferred financing costs as of both March 31, 2025 and December 31, 2024. Refer to Note 5 for more details.

[5] Includes $42.7 million and $42.8 million of deferred tax liabilities related to goodwill and intangible assets as of March 31, 2025 and December 31, 2024. Refer to Note 7 for more details.

[6] Includes the short-term portion of lease liabilities of $2.3 million as of both March 31, 2025 and December 31, 2024. Refer to Note 6 for more details.