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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets:    
Cash and due from banks $ 29,481 $ 21,534
Interest-earning deposits with correspondent banks 61,375 88,368
Short-term investments 12,878 3,987
Mortgage loans held for sale, at fair value 35,833 21,708
Mortgage loans held for sale, at lower of cost or market 0 281,706
Premises and equipment held for sale, at lower of cost or market 0 4,788
Available for sale debt securities, fair value 940,342 916,305
Federal Home Loan Bank stock, at cost 29,473 49,817
Loans:    
Total loans [1] 5,134,388 5,137,838
Less: allowance for credit losses on loans 37,236 41,960
Net loans 5,097,152 5,095,878
Premises and equipment, net 25,402 26,873
Operating lease right-of-use assets 35,904 26,943
Investment in bank-owned life insurance 115,126 106,777
Goodwill 63,909 63,909
Identifiable intangible assets, net 4,303 2,885
Other assets 170,516 219,169
Total assets 6,621,694 6,930,647
Liabilities:    
Noninterest-bearing deposits 595,092 661,776
Interest-bearing deposits 4,674,898 4,454,024
Total deposits 5,269,990 5,115,800
Federal Home Loan Bank advances 626,000 1,125,000
Junior subordinated debentures 22,681 22,681
Operating lease liabilities 38,726 [2] 29,578
Other liabilities 120,713 137,860
Total liabilities 6,078,110 6,430,919
Commitments and contingencies (Note 21)
Shareholders’ Equity:    
Common stock 1,223 1,223
Paid-in capital 198,323 196,947
Retained earnings 442,741 434,014
Accumulated other comprehensive loss (79,309) (119,171)
Treasury stock, at cost (19,394) (13,285)
Total shareholders’ equity 543,584 499,728
Total liabilities and shareholders’ equity $ 6,621,694 $ 6,930,647
[1] Includes net unamortized loan origination costs of $11.0 million and $10.9 million, respectively, at December 31, 2025 and 2024 and net unamortized premiums on loans purchased from and serviced by other financial institutions of $198 thousand and $242 thousand, respectively, at December 31, 2025 and 2024.
[2] Includes short-term operating lease liabilities of $3.0 million.