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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash due from banks $ 21,764 $ 23,138
Federal funds sold and interest-bearing balances in banks 269,860 340,894
Cash and cash equivalents 291,624 364,032
Time deposits in banks   249
Investment securities available-for-sale ("AFS"), at fair value, net of allowance for credit losses of $0 at both June 30, 2025 and December 31, 2024 184,682 193,328
Equity securities, at fair value 12,872 13,120
Federal Home Loan Bank ("FHLB") stock, at par 11,524 11,313
Federal Reserve Bank ("FRB") stock, at par 9,653 9,645
Loans held for sale   2,216
Loans, net of allowance for credit losses of $18,700 at June 30, 2025 and $17,900 at December 31, 2024 1,981,549 1,934,996
Premises and equipment, net 13,686 13,386
Core deposit intangible, net 2,187 2,693
Cash surrender value of bank owned life insurance ("BOLI") policies, net 23,968 23,591
Right-of-use assets ("ROU"), net 13,084 13,383
Goodwill 38,838 38,838
Interest receivable and other assets 38,712 43,718
Total assets 2,622,379 2,664,508
LIABILITIES AND SHAREHOLDERS' EQUITY    
Noninterest and interest bearing deposits 2,186,634 2,234,009
Junior subordinated deferrable interest debentures, net 8,686 8,645
Subordinated debt, net 63,821 63,736
Salary continuation plan 4,860 4,737
Lease liabilities 14,120 14,383
Interest payable and other liabilities 13,696 14,632
Total liabilities 2,291,817 2,340,142
Commitments and contingencies (Note 17)
Shareholders' equity    
Preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both June 30, 2025 and December 31, 2024
Common stock, no par value; 100,000,000 shares authorized; 10,941,232 and 11,121,475 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 167,369 172,254
Additional paid in capital 287 287
Accumulated other comprehensive loss, net of tax (10,122) (13,006)
Retained earnings 173,028 164,831
Total shareholders' equity 330,562 324,366
Total liabilities and shareholders' equity $ 2,622,379 $ 2,664,508