XML 17 R2.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 325,711 $ 211,166
Federal funds sold 81,885 152,689
Total cash and cash equivalents 407,596 363,855
Available-for-sale securities, at fair value 268,959 228,205
Loans held for sale, at fair value 66,447 0
Loans receivable, net of deferred fees 5,986,140 4,332,929
Allowance for credit losses (87,411) (38,744)
Net loans 5,898,729 4,294,185
Accrued interest receivable 25,390 19,685
Banking premises and equipment, net 46,209 34,654
Non-public investments 33,740 24,364
Bank-owned life insurance ("BOLI") 104,335 102,785
Prepaid expenses and other assets 68,079 58,626
Goodwill 18,512 0
Core deposit intangible 19,303 1,079
Deferred income tax asset, net 48,831 30,299
Total assets 7,006,130 5,157,737
Deposits    
Core deposits 5,317,853 3,867,846
Brokered deposits 535,681 309,806
Total deposits 5,853,534 4,177,652
Mortgagors' escrow accounts 5,193 4,549
Federal Home Loan Bank ("FHLB") borrowings 196,235 120,835
Accrued expenses and other liabilities 70,716 65,708
Accrued retirement liabilities 21,520 23,826
Total liabilities 6,147,198 4,392,570
Shareholders' equity:    
Preferred stock, $0.01 par value, 5,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.01 par value, 120,000,000 shares authorized; 45,770,128 issued and outstanding at December 31, 2025 and 42,705,729 shares issued and outstanding at December 31, 2024 458 427
Additional paid-in capital 458,864 417,247
Unallocated common shares held by the Employee Stock Ownership Plan ("ESOP") (42,454) (44,813)
Retained earnings 445,200 400,473
Accumulated other comprehensive loss (3,136) (8,167)
Total shareholders' equity 858,932 765,167
Total liabilities and shareholders' equity $ 7,006,130 $ 5,157,737