Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2025		Dec. 31, 2024
Assets
Cash and cash equivalents		$ 110,361		$ 98,238
Federal funds sold		41,633		71,334
Investment securities		61,529		54,805
Equity investments		8,097		9,198
Loans held for sale, at lower of amortized cost or fair value		72,490		128,226
Loans		2,412,561		2,362,796
Allowance for credit losses		(106,896)	[1]	(97,368)	[2]
Total loans receivable		2,305,665		2,265,428
Goodwill		150,803		150,803
Intangible assets, net		18,424		19,146
Property, equipment, and right-of-use lease asset, net		11,890		13,756
Accrued interest receivable		15,294		15,314
Loan collateral in process of foreclosure		9,007		9,932
Income tax receivable		0		2,131
Other assets		74,801		30,295
Total assets		2,879,994		2,868,606
Liabilities
Deposits	[3]	2,009,176		2,090,071
Long-term debt	[4]	199,928		232,159
Short-term debt	[5]	86,750		49,000
Deferred tax liabilities, net		19,261		20,995
Operating lease liabilities		4,041		5,128
Accrued interest payable		5,746		8,231
Income tax payable		2,712		0
Accounts payable and accrued expenses	[6]	19,815		24,064
Total liabilities		2,347,429		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 - 29,527,502 shares at June 30, 2025 and 29,308,182 shares at December 31, 2024 issued)		295		293
Additional paid in capital		295,834		293,412
Treasury stock (6,280,909 shares at June 30, 2025 and 6,172,558 shares at December 31, 2024)		(51,130)		(50,144)
Accumulated other comprehensive loss		(3,098)		(3,647)
Retained earnings		147,995		130,256
Total stockholders’ equity		389,896		370,170
Non-controlling interest in consolidated subsidiaries		142,669		68,788
Total equity		532,565		438,958
Total liabilities and equity		$ 2,879,994		$ 2,868,606
Number of common shares outstanding		23,246,593		23,135,624
Book value per common share		$ 16.77		$ 16

[1] As of June 30, 2025, total allowance for credit losses as a percent of nonaccrual loans was 288.09%.

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

[3] Includes $5.1 million and $4.6 million of deferred financing costs as of June 30, 2025 and December 31, 2024. Refer to Note 5 for more details.

[4] Includes $3.3 million and $3.6 million of deferred financing costs as of June 30, 2025 and December 31, 2024. Refer to Note 5 for more details.

[5] Includes $42.6 million and $42.8 million of deferred tax liabilities related to goodwill and intangible assets as of June 30, 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 June 30, 2025 and December 31, 2024. Refer to Note 6 for more details.