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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Cash and due from financial institutions $ 6,720 $ 6,868
Interest-bearing deposits in other financial institutions 94,148 70,991
Total cash and cash equivalents 100,868 77,859
Securities available-for-sale, at fair value (amortized cost of $256,101 and $269,036, respectively) 223,087 236,315
Securities held-to-maturity, at amortized cost (fair value of $11,369 and $12,449, respectively) 12,378 13,520
Loans held for sale, at fair value 57,704 27,626
Loans held for investment 3,173,638 2,946,637
Less allowance for credit losses (38,414) (34,544)
Net loans 3,135,224 2,912,093
Stock in Federal Reserve Bank (FRB) and Federal Home Loan Bank (FHLB) 12,083 25,815
Bank premises and equipment, net 25,298 25,257
Assets held for sale 3,115 3,115
Operating lease right-of-use assets 10,707 5,335
Goodwill 104,609 104,609
Intangible assets, net 2,606 3,254
Bank-owned life insurance 67,985 67,201
Deferred tax assets, net 20,391 18,289
Other assets 72,438 49,211
Total assets 3,848,493 3,569,499
LIABILITIES AND STOCKHOLDERS' EQUITY    
Noninterest-bearing demand deposits 480,832 582,556
Interest-bearing deposits:    
NOW accounts 817,725 617,687
Money market accounts 850,359 811,365
Savings accounts 696,750 245,713
Time deposits 471,330 465,057
Total interest-bearing deposits 2,836,164 2,139,822
Total deposits 3,316,996 2,722,378
Securities sold under agreements to repurchase - short term 3,921 6,445
FHLB advances 0 325,000
Junior subordinated debt - long term 9,806 9,781
Senior subordinated notes - long term 85,647 85,531
Operating lease liabilities 11,546 5,767
Other liabilities 27,361 22,232
Total liabilities 3,455,277 3,177,134
Commitments and contingencies (See Note 8)
Stockholders' equity:    
Preferred stock, $0.01 par value. Authorized 5,000,000 shares; no shares issued and outstanding
Common stock, $0.01 par value. Authorized 45,000,000 shares; 24,690,064 and 24,680,097 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 246 246
Additional paid in capital 312,976 312,722
Retained earnings 106,075 105,247
Accumulated other comprehensive loss (26,081) (25,850)
Total stockholders' equity 393,216 392,365
Total liabilities and stockholders' equity $ 3,848,493 $ 3,569,499