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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets:    
Cash and due from banks $ 110,491 $ 77,274
Restricted cash 10,660 0
Federal funds sold 4,451 1,426
Securities available for sale, at fair value 321,081 354,341
Restricted equity investments 18,621 21,257
Other equity investments 12,905 23,776
Other investments 29,467 24,672
Loans held for sale 46,337 69,534
Paycheck Protection Program loans, net of deferred fees and costs 2,386 11,967
Loans held for investment, net of deferred fees and costs 2,428,561 2,399,092
Less allowance for credit losses (35,893) (30,740)
Loans held for investment, net 2,392,668 2,368,352
Accrued interest receivable 14,967 11,569
Other real estate owned 0 195
Premises and equipment, net 22,348 23,152
Right-of-use asset 8,738 6,903
Bank owned life insurance 48,453 47,245
Goodwill 0 26,826
Other intangible assets 5,382 6,583
Mortgage servicing rights, net 27,114 28,991
Deferred tax asset, net 21,556 12,227
Other assets 19,929 14,175
Total assets 3,117,554 3,130,465
Deposits:    
Noninterest-bearing demand 506,248 640,101
Interest-bearing demand and money market deposits 1,049,536 1,318,799
Savings deposits 117,923 151,646
Time deposits 892,325 391,961
Total deposits 2,566,032 2,502,507
FHLB borrowings 210,000 311,700
FRB borrowings 65,000 51
Subordinated notes, net 39,855 39,920
Lease liabilities 9,619 7,860
Other liabilities 41,059 19,634
Total liabilities 2,931,565 2,881,672
Commitments and contingencies (Note 22)
Stockholders’ Equity:    
Common stock, no par value; 50,000,000 shares authorized at December 31, 2023 and December 31, 2022; 19,198,379 and 18,950,329 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 197,636 195,960
Additional paid-in capital 252 252
Retained earnings 33,157 97,682
Accumulated other comprehensive loss, net of tax (45,056) (45,101)
Total stockholders’ equity 185,989 248,793
Total liabilities and stockholders’ equity $ 3,117,554 $ 3,130,465