Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Assets
Cash and due from banks	$ 10,923	$ 9,249
Interest-bearing deposits	776,738	457,161
Total cash and cash equivalents	787,661	466,410
Total available-for-sale securities	625,906	587,355
Held-to-maturity, debt securities, after allowance for credit loss	261,725	249,796
Loans held-for-sale	141,580	54,695
Loans	3,603,506	4,170,646
Allowance for credit losses - loans	(59,923)	(44,769)
Net loans	3,543,583	4,125,877
Accrued interest receivable	26,674	28,180
Federal Home Loan Bank of Indianapolis stock	28,350	28,350
Cash surrender value of bank-owned life insurance	42,256	41,394
Premises and equipment, net	68,843	71,453
Goodwill	4,687	4,687
Servicing asset, at fair value	22,107	16,389
Other real estate owned	1,801	272
Accrued income and other assets	84,001	63,001
Total assets	5,639,174	5,737,859
Liabilities and Shareholders’ Equity
Noninterest-bearing deposits	243,539	136,451
Interest-bearing deposits	4,671,895	4,796,755
Total deposits	4,915,434	4,933,206
Advances from Federal Home Loan Bank	249,500	295,000
Subordinated debt, net of unamortized debt issuance costs of $1,614 and $1,850 in 2025 and 2024, respectively	105,386	105,150
Accrued interest payable	1,236	2,495
Accrued expenses and other liabilities	15,450	17,945
Total liabilities	5,287,006	5,353,796
Commitments and Contingencies
Shareholders’ Equity
Preferred stock, no par value; 4,913,779 shares authorized; issued and outstanding - none	0	0
Retained earnings	188,564	230,622
Accumulated other comprehensive loss	(23,004)	(32,653)
Total shareholders’ equity	352,168	384,063
Total liabilities and shareholders’ equity	5,639,174	5,737,859
Voting Common Stock
Shareholders’ Equity
Common stock	186,608	186,094
Nonvoting Common Stock
Shareholders’ Equity
Common stock	$ 0	$ 0