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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 78,197 $ 63,771
Interest-bearing deposits with Federal Reserve 441,501 375,009
Interest-bearing deposits with other financial institutions 8,198 4,255
Total cash and cash equivalents 527,896 443,035
Debt securities available-for-sale, at fair value (amortized cost of $618,912 as of December 31, 2025 and $520,223 as of December 31, 2024) 584,330 468,546
Debt securities held-to-maturity, at amortized cost (fair value $229,694 as of December 31, 2025 and $282,970, as of December 31, 2024) 242,138 306,081
Equity securities 10,865 10,456
Loans held for sale 2,517 762
Loans receivable 6,493,740 4,608,956
Less: allowance for credit losses (67,055) (47,357)
Net loans receivable 6,426,685 4,561,599
FHLB and other restricted stock holdings and investments 58,547 40,702
Premises and equipment, net 90,220 76,011
Operating & finance lease right-of-use assets 58,293 52,715
Bank owned life insurance 159,502 117,579
Mortgage servicing rights 2,608 1,251
Goodwill and other intangible assets 88,512 43,874
Core deposit intangible, net 33,693 206
Accrued interest receivable and other assets 110,629 69,193
Total Assets 8,396,435 6,192,010
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Noninterest-bearing demand deposits 1,092,076 819,680
Interest-bearing demand deposits 1,014,606 706,796
Savings 3,822,639 3,122,028
Certificates of deposit 1,097,788 722,860
Total deposits 7,027,109 5,371,364
Short-term borrowings 164,000 0
Deposits held for sale 88,119 0
Subordinated debentures 20,620 20,620
Subordinated notes, net of unamortized issuance costs 84,874 84,570
Operating lease liabilities 43,747 40,315
Accrued interest payable and other liabilities 95,839 64,446
Total liabilities 7,524,308 5,581,315
Commitments and contingent liabilities
Preferred stock, Series A non-cumulative perpetual, No par value; $1,000 liquidation preference; shares authorized 60,375; Shares issued 60,375 at December 31, 2025 and 2024 57,785 57,785
Common stock, no par value; 50,000,000 shares authorized; Shares issued 29,594,933 at December 31, 2025 and 21,235,503 at December 31, 2024 0 0
Additional paid in capital 422,653 219,876
Retained earnings 424,935 381,296
Treasury stock, at cost (121,581 shares at December 31, 2025 and 247,511 shares at December 31, 2024) (2,581) (4,689)
Accumulated other comprehensive loss (30,665) (43,573)
Total shareholders’ equity 872,127 610,695
Total Liabilities and Shareholders’ Equity 8,396,435 6,192,010
Syndicated loans    
ASSETS    
Loans receivable 70,798 79,882
Loans    
ASSETS    
Loans receivable $ 6,422,942 $ 4,529,074