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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 20,611 $ 16,352
Interest-bearing deposits with banks 45,037 30,910
Total Cash and Cash Equivalents 65,648 47,262
Equity securities with readily determinable fair values 949 919
Investment securities available for sale, at estimated fair value 466,894 393,975
Investment securities held to maturity, at amortized cost (fair value $57,537, $56,924) 63,288 64,578
Loans held for sale 28,170 426
Total loans, net of unearned income 2,330,514 1,682,910
Less: Allowance for credit losses (23,672) (17,280)
Loans, net 2,306,842 1,665,630
Premises and equipment, net 30,648 25,454
Right of use asset 4,155 2,663
Restricted investment in bank stocks 14,237 10,853
Investment in bank-owned life insurance 105,840 81,850
Investments in low-income housing partnerships 751 877
Goodwill 64,449 44,185
Intangible assets, net 22,435 7,838
Assets held for sale 275 0
Foreclosed assets held for resale 19 438
Other assets 53,526 47,882
Total Assets 3,228,126 2,394,830
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Deposits: Non-interest bearing 553,855 451,503
Deposits: Interest bearing 1,896,330 1,340,998
Total Deposits 2,450,185 1,792,501
Short-term borrowings 64,740 15,826
Long-term borrowings 255,376 255,333
Lease liability 4,451 2,764
Allowance for unfunded commitments 1,831 1,394
Other liabilities 31,569 23,739
Total Liabilities 2,808,152 2,091,557
STOCKHOLDERS' EQUITY    
Preferred stock, $2.50 par value; 20,000,000 shares authorized; no shares outstanding at December 31, 2025 and 2024 0 0
Common stock, $2.50 par value; 20,000,000 shares authorized; 11,028,152 and 8,945,293 shares issued; 10,372,251 and 8,553,785 shares outstanding at December 31, 2025 and 2024, respectively 27,564 22,357
Treasury stock, at cost 655,901 and 391,508 shares at December 31, 2025 and 2024, respectively (22,367) (11,203)
Additional paid-in capital 179,658 99,163
Retained earnings 257,293 234,624
Accumulated other comprehensive loss (22,174) (41,668)
Total Stockholders’ Equity 419,974 303,273
Total Liabilities and Stockholders’ Equity $ 3,228,126 $ 2,394,830