v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 32,560 $ 30,771
Short-term investments 104,565 8,714
Cash and cash equivalents 137,125 39,485
Securities available-for-sale, at fair value 420,325 422,087
Securities held-to-maturity, at amortized cost 4,797 5,210
Loans held for sale 23,700 18,849
Loans and leases receivable, net of allowance for credit losses of $36,631 and $35,877, respectively 3,462,272 3,337,364
Premises and equipment, net 4,500 4,669
Right-of-use assets, net 5,053 5,317
Bank-owned life insurance 84,776 83,994
Federal Home Loan Bank stock, at cost 11,242 8,940
Goodwill and other intangible assets 12,011 11,985
Derivatives 38,198 36,515
Accrued interest receivable and other assets 116,856 107,472
Total assets 4,320,855 4,081,887
Liabilities and Stockholders’ Equity    
Deposits 3,566,002 3,380,415
Federal Home Loan Bank advances and other borrowings 303,451 252,051
Lease liabilities 7,032 7,361
Derivatives 35,857 36,926
Accrued interest payable and other liabilities 28,433 33,549
Total liabilities 3,940,775 3,710,302
Stockholders’ equity:    
Preferred stock, $0.01 par value, 2,500,000 shares authorized, 12,500 shares of 7% non-cumulative perpetual preferred stock, Series A, outstanding at March 31, 2026 and December 31, 2025 11,992 11,992
Common stock, $0.01 par value, 25,000,000 shares authorized, 9,525,323 and 9,493,274 shares issued, 8,343,519 and 8,325,376 shares outstanding at March 31, 2026 and December 31, 2025, respectively 96 96
Additional paid-in capital 97,167 96,487
Retained earnings 314,618 305,536
Accumulated other comprehensive loss (10,196) (9,740)
Treasury stock, 1,181,804 and 1,167,898 shares at March 31, 2026 and December 31, 2025, respectively, at cost (33,597) (32,786)
Total stockholders’ equity 380,080 371,585
Total liabilities and stockholders’ equity $ 4,320,855 $ 4,081,887