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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and due from banks $ 73,334 $ 27,627
Interest-earning deposits in other banks 133,503 91,357
Total cash and cash equivalents 206,837 118,984
Available-for-sale debt securities, at fair value, net of allowance for credit losses of $0, with an amortized cost of $605,273 at June 30, 2026 and $509,083 at December 31, 2025, respectively 570,088 469,410
Held-to-maturity debt securities, at amortized cost less allowance for credit losses of $353 at June 30, 2026 and $440 at December 31, 2025, respectively 276,061 287,117
Equity securities, at fair value 10,119 6,797
Loans, less allowance for credit losses of $49,422 at June 30, 2026 and $30,071 at December 31, 2025, respectively 3,494,361 2,510,786
Bank premises and equipment, net 39,286 23,545
Bank-owned life insurance 76,449 54,163
Federal Home Loan Bank stock 17,250 10,978
Goodwill 154,600 96,828
Core deposit intangibles 32,723 8,266
Accrued interest receivable and other assets 156,466 103,443
Total assets 5,034,240 3,690,317
Deposits:    
Non-interest bearing 1,451,008 1,058,765
Interest bearing 2,668,454 2,036,509
Total deposits 4,119,462 3,095,274
Borrowings 175,000 73,000
Senior debt and subordinated debentures, less debt issuance costs of $48 at June 30, 2026 and $121 at December 31, 2025 75,291 69,526
Accrued interest payable and other liabilities 56,667 42,929
Total liabilities 4,426,420 3,280,729
Commitments and contingencies (Note 8)
Shareholders’ equity:    
Preferred stock, no par value; 10,000,000 shares authorized, none issued and outstanding 0 0
Retained earnings 247,619 238,990
Accumulated other comprehensive loss, net of tax (35,498) (39,624)
Total shareholders’ equity 607,820 409,588
Total liabilities and shareholders’ equity 5,034,240 3,690,317
Nonvoting Common Stock    
Shareholders’ equity:    
Common stock, no par value; 80,000,000 shares authorized; issued and outstanding: 27,131,078 at June 30, 2026 and 19,163,452 at December 31, 2025 0 0
Common Stock    
Shareholders’ equity:    
Common stock, no par value; 80,000,000 shares authorized; issued and outstanding: 27,131,078 at June 30, 2026 and 19,163,452 at December 31, 2025 $ 395,699 $ 210,222