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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 149,211 $ 187,417
Certificates of deposit 19,710 20,948
Investment securities - available-for-sale, at estimated fair value, net of allowance for credit losses of $0; amortized cost of $620,314 at December 31, 2023 and $683,784 at December 31, 2022 572,357 618,092
Loans (net of allowance for credit losses of $16,596 at December 31, 2023 and $14,792 at December 31, 2022) 1,052,465 970,138
Stock in Federal Home Loan Bank and other equity securities, at cost 10,518 9,440
Premises and equipment, net 9,962 6,122
Core deposit intangible 4,141 0
Interest receivable and other assets 53,468 59,204
Total Assets 1,871,832 1,871,361
Deposits:    
Demand 744,799 775,173
Interest-bearing transaction deposits 380,477 448,039
Savings and MMDAs 431,472 459,307
Time, $250,000 or less 109,373 35,115
Time, over $250,000 26,323 9,240
Total deposits 1,692,444 1,726,874
Interest payable and other liabilities 20,143 19,447
Total Liabilities 1,712,587 1,746,321
Commitments and contingencies (Note 10 and 11)
Stockholders' Equity:    
Common stock, no par value; 32,000,000 shares authorized; 15,482,332 and 14,652,584 shares issued and outstanding at December 31, 2023 and 2022, respectively 123,235 116,099
Additional paid-in capital 977 977
Retained earnings 68,760 54,492
Accumulated other comprehensive loss, net (33,727) (46,528)
Total Stockholders' Equity 159,245 125,040
Total Liabilities and Stockholders' Equity $ 1,871,832 $ 1,871,361