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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 55,360 $ 29,864
Other investments and interest-bearing deposits in other financial institutions 666,432 938,259
Total cash and cash equivalents 721,792 968,123
Securities available-for-sale, at fair value 307,035 256,274
Securities held-to-maturity, at amortized cost, net of allowance for credit losses of $16 and $12, respectively (fair value of $486,476 and $497,012, respectively) 561,205 590,016
Loans held-for-sale - SBA, at lower of cost or fair value, including deferred costs 1,156 2,375
Loans held-for-investment, net of deferred fees 3,534,333 3,491,937
Allowance for credit losses on loans (48,633) (48,953)
Loans, net 3,485,700 3,442,984
Federal Home Loan Bank ("FHLB"), Federal Reserve Bank ("FRB") stock and other investments, at cost 32,563 32,556
Company-owned life insurance 82,296 81,211
Premises and equipment, net 9,765 10,140
Goodwill 167,631 167,631
Other intangible assets 5,532 6,439
Accrued interest receivable and other assets 92,562 87,257
Total assets 5,467,237 5,645,006
Deposits:    
Demand, noninterest-bearing 1,151,242 1,214,192
Demand, interest-bearing 955,504 936,587
Savings and money market 1,320,142 1,325,923
Time deposits - under $250 35,356 38,988
Time deposits - $250 and over 210,818 206,755
Insured Cash Sweep ("ICS")/Certificates of Deposit Account Registry Service ("CDARS") - interest-bearing demand, money market and time deposits 954,272 1,097,586
Total deposits 4,627,334 4,820,031
Subordinated debt, net of issuance costs 39,728 39,653
Accrued interest payable and other liabilities 105,471 95,595
Total liabilities 4,772,533 4,955,279
Shareholders' equity:    
Preferred stock, no par value; 10,000,000 shares authorized; none issued and outstanding at June 30, 2025 and December 31, 2024 0 0
Common stock, no par value; 100,000,000 shares authorized; 61,446,763, and 61,348,095 shares issued and outstanding, respectively 509,888 510,070
Retained earnings 189,794 187,762
Accumulated other comprehensive loss (4,978) (8,105)
Total shareholders' equity 694,704 689,727
Total liabilities and shareholders' equity $ 5,467,237 $ 5,645,006