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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and due from banks $ 42,689 $ 37,443
Interest-earning deposits with banks 41,152 19,149
Total cash and cash equivalents 83,841 56,592
Investments:    
Debt securities at fair value (amortized cost of $685,766 and $763,981, respectively) 583,930 661,113
Equity securities at fair value 9,665 7,058
Total investment securities at fair value 593,595 668,171
Federal Home Loan Bank stock 7,093 2,402
Loans held for sale 520 200
Loans:    
Total loans 3,982,898 3,567,631
Allowance for credit losses (63,498) (58,995)
Net loans 3,919,400 3,508,636
Premises and equipment, net 42,444 44,931
Lease right-of-use asset 24,126 24,820
Accrued interest receivable 20,553 19,233
Deferred income taxes, net 49,096 49,166
Bank-owned life insurance 67,421 65,455
Prepaid income taxes 2,583 1,589
Prepaid expenses and other assets 11,398 19,183
Goodwill 5,656 5,656
Total assets 4,827,726 4,466,034
Liabilities    
Deposits 4,187,698 3,977,521
Borrowed funds 153,136 25,768
Subordinated debt 59,815 59,498
Lease liability 23,849 24,441
Accrued expenses and other liabilities 33,425 45,011
Accrued interest payable 9,055 4,678
Total liabilities 4,466,978 4,136,917
Commitments and Contingencies
Shareholders' Equity    
Preferred stock $0.01 par value per share; 1,000,000 shares authorized; no shares issued 0 0
Common stock $0.01 par value per share; 40,000,000 shares authorized; 12,447,308 and 12,272,674 shares issued and outstanding, respectively 124 123
Additional paid-in capital 111,295 107,377
Retained earnings 328,243 301,380
Accumulated other comprehensive loss (78,914) (79,763)
Total shareholders' equity 360,748 329,117
Total liabilities and shareholders' equity $ 4,827,726 $ 4,466,034