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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets [Abstract]    
Cash and due from banks $ 27,747 $ 22,671
Interest-earning deposits in other financial institutions 229,998 408,702
Cash and cash equivalents 257,745 431,373
Interest-earning time deposits in other financial institutions 600 600
Securities:    
Available for sale 420,190 318,961
Held to maturity (fair value of $4,948 and $5,097 at December 31, 2024 and December 31, 2023) 5,191 5,209
Loans held for sale 11,250 1,911
Loans held for investment 3,053,230 3,031,861
Allowance for loan losses (47,729) (41,903)
Loans held for investment, net of allowance for loan losses 3,005,501 2,989,958
Premises and equipment, net 24,601 25,684
Federal Home Loan Bank (FHLB) stock 15,000 15,000
Net deferred tax assets 19,055 15,765
Income tax receivable 10,311 1,235
Cash surrender value of bank owned life insurance (BOLI) 60,296 58,719
Goodwill 71,498 71,498
Servicing assets 6,985 8,110
Core deposit intangibles 2,011 2,795
Right-of-use assets - operating leases 28,048 29,803
Interest Receivable and Other Assets 54,195 49,404
Total assets 3,992,477 4,026,025
Deposits:    
Noninterest-bearing demand 563,012 539,621
Savings, NOW and money market accounts 663,034 632,729
Time deposits $250,000 and under 1,007,452 1,190,821
Time deposits over $250,000 850,291 811,589
Total deposits 3,083,789 3,174,760
Reserve for unfunded commitments 729 640
FHLB advances 200,000 150,000
Long-term debt, net of issuance costs 119,529 119,147
Subordinated debentures (net of unamortized valuation reserve of $2,371 and $2,589 at December 31, 2024 and December 31, 2023) 15,156 14,938
Lease liabilities - operating leases 29,705 31,191
Accrued interest and other liabilities 35,692 24,089
Total liabilities 3,484,600 3,514,765
Commitments and contingencies - Note 13
Shareholders' equity:    
Preferred Stock - 100,000,000 shares authorized, no par value; none outstanding 0 0
Common Stock - 100,000,000 shares authorized, no par value; 17,720,416 shares issued and outstanding at December 31, 2024 and 18,609,179 shares issues and outstanding at December 31, 2023 259,957 271,925
Additional paid-in capital 3,645 3,623
Retained earnings 264,460 255,152
Non-controlling interest 72 72
Accumulated other comprehensive loss, net (20,257) (19,512)
Total shareholders’ equity 507,877 511,260
Total liabilities and shareholders’ equity $ 3,992,477 $ 4,026,025