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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
[1]
Assets    
Cash and due from banks $ 7,605 $ 4,882
Interest-bearing deposits in other banks 604,222 581,748
Total cash and cash equivalents 611,827 586,630
Securities available for sale, at fair value 758,289 608,804
Securities held to maturity, at carrying value, net of allowance for credit losses of $113 and $128, respectively (fair value of $234,817 and $245,276, respectively) 246,319 256,510
Equity securities, at fair value 549 547
Restricted securities, at cost 3,627 3,383
Loans, net of allowance for credit losses of $3,732 and $4,096, respectively 269,766 270,663
Premises and equipment, net of accumulated depreciation of $7,899 and $7,755, respectively 13,837 13,229
Accrued interest receivable 10,065 7,108
Other assets 4,395 3,525
Total assets 1,918,674 1,750,399
Deposits:    
Noninterest-bearing 1,399,037 1,254,695
Savings, interest-bearing checking and money market accounts 326,893 309,352
Time, $250 and over 4,804 4,787
Other time 4,289 4,446
Total deposits 1,735,023 1,573,280
Accrued interest payable 42 32
Accrued expenses and other liabilities 8,734 7,868
Total liabilities 1,743,799 1,581,180
Commitments and contingencies
Stockholders’ equity    
Preferred stock: No par value, 100,000 shares authorized, no shares issued and outstanding 0 0
Additional paid-in capital 74,785 74,785
Retained earnings 104,950 97,878
Accumulated other comprehensive loss (4,925) (3,509)
Total stockholders’ equity 174,875 [2] 169,219
Total liabilities and stockholders’ equity 1,918,674 1,750,399
Class A Common Stock    
Stockholders’ equity    
Class A and B Common Stock 33 33
Class B Common Stock    
Stockholders’ equity    
Class A and B Common Stock $ 32 $ 32
[1] Derived from audited consolidated financial statements.
[2]
3 During the three months ended March 31, 2026, 31,790 shares of Class B Common Stock were converted into an equal number of shares of Class A Common Stock. The aggregate par-value effect rounded to zero and is not separately reflected as a line item above.