Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of compliance with regulatory capital requirements

The following table presents the Company’s regulatory capital ratios as of December 31, 2025 and December 31, 2024:


(Dollars in thousands)	Actual Ratio				Minimum regulatory requirement (1)
December 31, 2025	Amount		Ratio		Amount		Ratio
Tier 1 Leverage Ratio	$	349,430	9.80	%	$	142,632	4.00	%
Common Equity Tier 1 Ratio (CET 1)	$	344,430	11.56	%	$	134,072	4.50	%
Tier 1 Risk-Based Capital Ratio	$	349,430	11.73	%	$	178,762	6.00	%
Total Risk-Based Capital Ratio	$	416,145	13.97	%	$	238,350	8.00	%

December 31, 2024
Tier 1 Leverage Ratio	$	316,343	9.17	%	$	138,018	4.00	%
Common Equity Tier 1 Ratio (CET 1)	$	311,343	11.15	%	$	125,632	4.50	%
Tier 1 Risk-Based Capital Ratio	$	316,343	11.33	%	$	167,510	6.00	%
Total Risk-Based Capital Ratio	$	379,091	13.58	%	$	223,346	8.00	%
(1) The minimum regulatory requirement threshold includes the capital conservation buffer of 2.50%.

The following table presents the Bank’s regulatory capital ratios as of December 31, 2025 and December 31, 2024, as well as the minimum capital ratios for capital adequacy for the Bank:


(Dollars in thousands)	Actual Ratio				Minimum regulatory requirement (1)
December 31, 2025	Amount		Ratio		Amount		Ratio
Tier 1 Leverage Ratio	$	407,337	11.44	%	$	142,447	4.00	%
Common Equity Tier 1 Ratio (CET 1)	$	407,337	13.70	%	$	133,839	7.00	%
Tier 1 Risk-Based Capital Ratio	$	407,337	13.70	%	$	178,453	8.50	%
Total Risk-Based Capital Ratio	$	439,173	14.77	%	$	237,937	10.50	%

December 31, 2024
Tier 1 Leverage Ratio	$	377,411	11.04	%	$	138,031	4.00	%
Common Equity Tier 1 Ratio (CET 1)	$	377,411	13.54	%	$	125,474	7.00	%
Tier 1 Risk-Based Capital Ratio	$	377,411	13.54	%	$	167,299	8.50	%
Total Risk-Based Capital Ratio	$	405,425	14.54	%	$	223,065	10.50	%
(1) The minimum regulatory requirement threshold includes the capital conservation buffer of 2.50%.

Schedule of computation of basic and diluted earnings per common share

A reconciliation of the numerators and denominators of the basic and diluted earnings per common share computations is as follows (in thousands, except share and per-share amounts):


	For the Years Ended December 31,
	2025		2024		2023
Basic Earnings Per Common Share:
Net income	$	38,168	$	7,666	$	25,536


Weighted average shares outstanding	18,996,714		17,077,017		11,728,858
Net income per common share	$	2.01	$	0.45	$	2.17
Diluted Earnings Per Common Share:
Net income	$	38,168	$	7,666	$	25,536


Weighted average shares outstanding	18,996,714		17,077,017		11,728,858
Effect of dilutive stock options and warrants	72,575		102,779		24,014
Weighted average shares of common stock and common stock equivalents	19,069,289		17,179,796		11,752,872
Net income per diluted common share	$	2.00	$	0.45	$	2.17