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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 275,684 $ 235,272
Interest-bearing deposits in other financial institutions 100 100
Securities available for sale 8,996 8,683
Equity securities 0 5,000
Loans held for sale, at fair value 1,613 2,623
Loans and leases, net of allowance for credit losses of $19,122 and $17,474, respectively 1,754,808 1,722,019
FHLB and FRB stock 8,031 8,918
Foreclosed assets, net 524  
Premises and equipment, net 3,469 3,536
Operating lease right-of-use assets 5,760 6,087
Bank owned life insurance 27,573 27,116
Accrued interest receivable and other assets 46,979 46,169
Total assets 2,133,537 2,065,523
Deposits    
Noninterest bearing 296,348 273,668
Interest bearing 1,513,500 1,482,127
Total deposits 1,809,848 1,755,795
FHLB advances and other debt 100,947 92,680
Advances by borrowers for taxes and insurance 374 2,238
Operating lease liabilities 5,932 6,229
Accrued interest payable and other liabilities 24,394 25,144
Subordinated debentures 15,019 15,000
Total liabilities 1,956,514 1,897,086
Commitments and contingent liabilities
Stockholders' equity    
Series D preferred stock, $0.01 par value; 5,000 shares authorized; 2,000 shares issued at June 30, 2025 and December 31, 2024
Additional paid-in capital 92,928 92,225
Retained earnings 96,846 88,290
Accumulated other comprehensive loss (1,567) (1,803)
Treasury stock, at cost; 436,422 shares of voting common stock at June 30, 2025 and 398,201 shares of voting common stock at December 31, 2024 (11,253) (10,343)
Total stockholders' equity 177,023 168,437
Total liabilities and stockholders' equity 2,133,537 2,065,523
Voting Common Stock [Member]    
Stockholders' equity    
Common stock 60 55
Non-Voting Common Stock [Member]    
Stockholders' equity    
Common stock $ 9 $ 13