0001925062-26-000023 | 10-Q | XBRL Viewer

Financing Receivable, Allowance for Credit Loss

The following table summarizes the activity in the allowance for credit losses for loans held for investment at amortized cost for the three and six months ended June 30, 2026 and 2025:


	For the Three Months Ended				For the Six Months Ended
(in thousands)	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Beginning of period	$	52,794	$	46,868	$	52,986	$	42,294
Provision for credit losses on loans	4,521		3,106		8,388		11,519
Provision for credit losses on loan transfers from loans held-for-sale	—		29		17		97
Loan charge-offs	(3,089)		(2,593)		(7,976)		(7,026)
Loan recoveries	395		898		1,206		1,424
Net charge-offs	(2,694)		(1,695)		(6,770)		(5,602)
End of period	$	54,621	$	48,308	$	54,621	$	48,308

The following tables detail activity in the allowance for credit losses for loans held for investment carried at amortized cost, by loan category, for the three and six months ended June 30, 2026:


	For the Three Months Ended June 30, 2026

(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Allowance for credit losses:
Beginning of period	$	19,566	$	25,535	$	7,693	$	52,794
Provision for credit losses on loans	329		1,467		2,725		4,521

Loan charge-offs	—		(1,736)		(1,353)		(3,089)
Loan recoveries	—		131		264		395
Net charge-offs	—		(1,605)		(1,089)		(2,694)
End of period	$	19,895	$	25,397	$	9,329	$	54,621


	For the Six Months Ended June 30, 2026

(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Allowance for credit losses:
Beginning of period	$	18,639	$	26,023	$	8,324	$	52,986
Provision for credit losses on loans	1,256		3,250		3,882		8,388
Provision for credit losses on loan transfers from loans held-for-sale	—		17		—		17
Loan charge-offs	—		(4,566)		(3,410)		(7,976)
Loan recoveries	—		673		533		1,206
Net charge-offs	—		(3,893)		(2,877)		(6,770)
End of period	$	19,895	$	25,397	$	9,329	$	54,621

The following table presents the composition of the allowance for credit losses for loans held for investment carried at amortized cost, by loan category and evaluation methodology, as of June 30, 2026:


	June 30, 2026

(dollars in thousands)	Commercial Real Estate			Commercial and Industrial			Consumer			Total
Individually evaluated for credit loss	$	1,431		$	930		$	—		$	2,361
Collectively evaluated for credit loss	18,464			24,467			9,329			52,260
Total allowance for credit losses	$	19,895		$	25,397		$	9,329		$	54,621

Loans held for investment at amortized cost:
Individually evaluated for credit loss	$	128,324		$	19,150		$	2,035		$	149,509
Collectively evaluated for credit loss	2,721,154			2,522,125			203,084			5,446,363
Total loans held for investment at amortized cost	$	2,849,478		$	2,541,275		$	205,119		$	5,595,872

Allowance for loans to loan type ratio:
Individually evaluated for credit loss	1.12		%	4.86		%	—		%	1.58		%
Collectively evaluated for credit loss	0.68		%	0.97		%	4.59		%	0.96		%
Total loans held for investment at amortized cost	0.70		%	1.00		%	4.55		%	0.98		%

The following tables detail activity in the allowance for credit losses for loans held for investment carried at amortized cost, by loan category, for the three and six months ended June 30, 2025:


	For the Three Months Ended June 30, 2025

(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Allowance for credit losses:
Beginning of period	$	13,819	$	22,553	$	10,496	$	46,868
Provision for credit losses on loans	1,753		572		781		3,106
Provision for/(recovery of) credit losses on loan transfers from/(to) loans held-for-sale	30		(1)		—		29
Loan charge-offs	—		(473)		(2,120)		(2,593)
Loan recoveries	—		738		160		898
Net recoveries/(charge-offs)	—		265		(1,960)		(1,695)
End of period	$	15,602	$	23,389	$	9,317	$	48,308


	For the Six Months Ended June 30, 2025

(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Allowance for credit losses:
Beginning of period	$	12,078	$	19,380	$	10,836	$	42,294
Provision for credit losses on loans	3,432		6,636		1,451		11,519
Provision for credit losses on loan transfers from loans held-for-sale	92		5		—		97
Loan charge-offs	—		(3,580)		(3,446)		(7,026)
Loan recoveries	—		948		476		1,424
Net charge-offs	—		(2,632)		(2,970)		(5,602)
End of period	$	15,602	$	23,389	$	9,317	$	48,308


	June 30, 2025

(dollars in thousands)	Commercial Real Estate			Commercial and Industrial			Consumer			Total
Individually evaluated for credit loss	$	95		$	1,545		$	—		$	1,640
Collectively evaluated for credit loss	15,507			21,844			9,317			46,668
Total allowance for credit losses	$	15,602		$	23,389		$	9,317		$	48,308

Loans held for investment at amortized cost:
Individually evaluated for credit loss	$	88,193		$	81,836		$	1,274		$	171,303
Collectively evaluated for credit loss	1,919,940			2,025,891			359,233			4,305,064
Total loans held for investment at amortized cost	$	2,008,133		$	2,107,727		$	360,507		$	4,476,367

Allowance for loans to loan type ratio:
Individually evaluated for credit loss	0.11		%	1.89		%	—		%	0.96		%
Collectively evaluated for credit loss	0.81		%	1.08		%	2.59		%	1.08		%
Total loans held for investment at amortized cost	0.78		%	1.11		%	2.58		%	1.08		%

Financing Receivable Credit Quality Indicators

The following tables present by class, credit quality and year of origination, the recorded investment in the Company’s loans held for investment at amortized cost as of and for the six months ended June 30, 2026 and as of and for the year ended December 31, 2025:


	June 30, 2026
	Loans Held for Investment at Amortized Cost by Year of Origination
(in thousands)	2026		2025		2024		2023		2022		Prior		Revolving Loans		Revolving Loans Converted to Term		Total
Commercial Real Estate:
Acceptable risk (or better)	$	500,396	$	1,203,202	$	333,364	$	56,571	$	197,695	$	235,628	$	974	$	—	$	2,527,830
Higher risk	32,846		—		19,010		—		123,489		54,697		—		—		230,042
Special mention	—		—		—		—		—		—		—		—		—
Substandard	17,509		—		—		—		47,144		26,953		—		—		91,606
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	550,751	$	1,203,202	$	352,374	$	56,571	$	368,328	$	317,278	$	974	$	—	$	2,849,478
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial and Industrial:
Acceptable risk (or better)	$	151,191	$	87,189	$	73,321	$	38,605	$	104,267	$	5,484	$	1,987,518	$	10,101	$	2,457,676
Higher risk	221		217		—		—		20,608		11,573		12,527		—		45,146
Special mention	—		—		59		—		254		1		19,122		—		19,436
Substandard	—		—		1,763		12,562		1,132		411		963		—		16,831
Doubtful	—		1,365		819		—		—		2		—		—		2,186
Total	$	151,412	$	88,771	$	75,962	$	51,167	$	126,261	$	17,471	$	2,020,130	$	10,101	$	2,541,275
Gross charge-offs	$	—	$	—	$	1,718	$	—	$	2,773	$	75	$	—	$	—	$	4,566

Consumer:
Acceptable risk (or better)	$	—	$	—	$	—	$	233	$	55,998	$	134,171	$	5,930	$	—	$	196,332
Higher risk	—		—		—		—		176		4,134		3,070		—		7,380
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		382		1,025		—		—		1,407
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	233	$	56,556	$	139,330	$	9,000	$	—	$	205,119
Gross charge-offs	$	—	$	—	$	—	$	—	$	949	$	2,461	$	—	$	—	$	3,410


Total loans	$	702,163	$	1,291,973	$	428,336	$	107,971	$	551,145	$	474,079	$	2,030,104	$	10,101	$	5,595,872
Total gross charge-offs	$	—	$	—	$	1,718	$	—	$	3,722	$	2,536	$	—	$	—	$	7,976


	December 31, 2025
	Loans Held for Investment at Amortized Cost by Year of Origination
(in thousands)	2025		2024		2023		2022		2021		Prior		Revolving Loans		Revolving Loans Converted to Term		Total
Commercial Real Estate:
Acceptable risk (or better)	$	1,226,416	$	284,180	$	56,976	$	238,490	$	174,345	$	94,808	$	—	$	—	$	2,075,215
Higher risk	—		101,977		—		136,724		130,391		16,425		982		—		386,499
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		40,420		26,862		—		—		—		67,282
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	1,226,416	$	386,157	$	56,976	$	415,634	$	331,598	$	111,233	$	982	$	—	$	2,528,996
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial and Industrial:
Acceptable risk (or better)	$	205,677	$	173,813	$	53,566	$	123,425	$	17,225	$	888	$	1,825,313	$	—	$	2,399,907
Higher risk	144		139		—		21,312		519		—		33,000		—		55,114
Special mention	—		—		—		—		1		—		—		—		1
Substandard	1,431		—		12,452		701		486		2,136		781		—		17,987
Doubtful	—		2,540		—		—		—		—		—		—		2,540
Total	$	207,252	$	176,492	$	66,018	$	145,438	$	18,231	$	3,024	$	1,859,094	$	—	$	2,475,549
Gross charge-offs	$	—	$	1,632	$	171	$	5,493	$	78	$	—	$	—	$	—	$	7,374

Consumer:
Acceptable risk (or better)	$	—	$	1,243	$	483	$	60,909	$	131,188	$	16,681	$	—	$	—	$	210,504
Higher risk	—		—		—		178		249		4,901		—		—		5,328
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		665		977		215		—		—		1,857
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	—	$	1,243	$	483	$	61,752	$	132,414	$	21,797	$	—	$	—	$	217,689
Gross charge-offs	$	—	$	—	$	—	$	3,063	$	4,907	$	70	$	—	$	—	$	8,040

Total loans	$	1,433,668	$	563,892	$	123,477	$	622,824	$	482,243	$	136,054	$	1,860,076	$	—	$	5,222,234
Total gross charge-offs	$	—	$	1,632	$	171	$	8,556	$	4,985	$	70	$	—	$	—	$	15,414

Financing Receivable, Nonaccrual

The following tables present information on loans held for investment at amortized cost on non-accrual status and loans 90 days or more past due and still accruing as of June 30, 2026 and December 31, 2025:


	June 30, 2026
(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Loans 90 days or more past due and still accruing	$	—	$	—	$	—	$	—
Non-accrual loans with no allowance for credit losses	$	45,836	$	2,764	$	14	$	48,614
Non-accrual loans	$	67,312	$	3,752	$	1,407	$	72,471

Contractual interest income on non-accrual loans while on non-accrual status	$	3,526	$	1,313	$	1,395	$	6,234


	December 31, 2025
(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Loans 90 days or more past due and still accruing	$	—	$	—	$	—	$	—
Non-accrual loans with no allowance for credit losses	$	60,361	$	116	$	1,857	$	62,334
Non-accrual loans	$	60,361	$	5,484	$	1,857	$	67,702

Contractual interest income on non-accrual loans while on non-accrual status	$	4,812	$	916	$	1,663	$	7,391

Financing Receivable, Past Due

The following tables present by class, an aging analysis and the recorded investments in past due loans, excluding non-accrual loans, held for investment at amortized cost as of June 30, 2026 and December 31, 2025:


	June 30, 2026
(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Past due loans:
30 - 59 days past due	$	—	$	—	$	1,842	$	1,842
60 - 89 days past due	2,003		—		894		2,897
90 or more days past due	—		—		—		—
Total past due loans	2,003		—		2,736		4,739
Current loans	2,780,163		2,537,523		200,976		5,518,662
Total	$	2,782,166	$	2,537,523	$	203,712	$	5,523,401


	December 31, 2025
(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Past due loans:
30 - 59 days past due	$	32,412	$	42,487	$	2,297	$	77,196
60 - 89 days past due	—		122		1,092		1,214
90 or more days past due	—		—		—		—
Total past due loans	32,412		42,609		3,389		78,410
Current loans	2,436,223		2,427,456		212,443		5,076,122
Total	$	2,468,635	$	2,470,065	$	215,832	$	5,154,532

Financing Receivable, Recorded Investment of Collateral-Dependent Loans

The following tables present by class and by collateral type, the recorded investment of collateral-dependent loans where the borrower is experiencing financial difficulty as of June 30, 2026 and December 31, 2025, for which repayment is expected to be provided substantially through the operation or sale of the collateral:


	June 30, 2026
(in thousands)	Commercial Real Estate		Commercial and Industrial		Total
Collateral type:
Real estate	$	56,345	$	—	$	56,345
Business assets	—		1,368		1,368

Total	$	56,345	$	1,368	$	57,713


	December 31, 2025
(in thousands)	Commercial Real Estate		Consumer		Total
Collateral type:
Real estate	$	49,494	$	188	$	49,682


Total	$	49,494	$	188	$	49,682

Financing Receivable, Modified

The following table presents by class and by type of modification, the recorded investment and financial effect of modification as of June 30, 2026, in the Company’s loans that were both modified and experiencing financial difficulty during the three and six months ended June 30, 2026.


	For the Three and Six Months Ended
	June 30, 2026
(dollars in thousands)	Term Extension and Interest Rate Reduction		Total		Modification to Loan Class Ratio		Weighted-Average Term Extension	Weighted-Average Interest Rate Reduction
Commercial Real Estate	$	17,509	$	17,509	0.61	%	2.0 years	1.90	%


Total	$	17,509	$	17,509

The following tables present by class and by type of modification, the recorded investment and financial effect of modification as of June 30, 2025, in the Company’s loans that were both modified and experiencing financial difficulty during the three and six months ended June 30, 2025:


	For the Three Months Ended
	June 30, 2025
(dollars in thousands)	Term Extension		Total		Modification to Loan Class Ratio		Weighted-Average Term Extension

Commercial and Industrial	$	151	$	151	0.01	%	1.0 year

Total	$	151	$	151


	For the Six Months Ended
	June 30, 2025
(dollars in thousands)	Term Extension		Total		Modification to Loan Class Ratio		Weighted-Average Term Extension

Commercial and Industrial	$	292	$	292	0.01	%	1.0 year

Total	$	292	$	292

Other Real Estate, Roll Forward

The following table presents by class the recorded investment in the Company’s other real estate owned assets (“OREO”) at fair value for the three and six months ended June 30, 2026 and 2025:


	For the Three Months Ended				For the Six Months Ended
(in thousands)	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Balance at beginning of period	$	7,109	$	26,076	$	8,729	$	25,476

Improvements	—		418		—		1,018
Sales	(2,382)		(17,452)		(3,258)		(17,452)
Valuation adjustments	(85)		(589)		(829)		(589)
Balance at end of period	$	4,642	$	8,453	$	4,642	$	8,453

DEPOSITS (Tables)

6 Months Ended

Jun. 30, 2026

Deposits [Abstract]

Deposit Liabilities, Type

Deposit balances as of June 30, 2026 and December 31, 2025, are presented in the following table:


(in thousands)	June 30, 2026		December 31, 2025

Non-interest-bearing deposits	$	435,065		$	372,444
Interest-bearing deposits:
Demand	284,748			275,259
Money market	1,394,865			1,206,544
Savings	3,878,206			3,500,532
Time deposits less than $250 thousand	1,100,398			1,242,892
Time deposits greater than $250 thousand	172,553			180,244
Total interest-bearing deposits	6,830,770			6,405,471
Total deposits	$	7,265,835		$	6,777,915

Time Deposit Maturities

The following table presents the maturities of time deposits as of June 30, 2026, for the years indicated:


(in thousands)	Amount
Remaining 2026	$	335,650
2027	688,728
2028	110,854
2029	112,334
2030	25,370
Thereafter	15
Total time deposits	$	1,272,951

The Company’s time deposits of $250 thousand or greater represented 13.6% of total time deposits as of June 30, 2026, and are presented by maturity in the following table:


	Months to Maturity
(in thousands)	3 or Less		Over 3 to 6		Over 6 to 12		Over 12		Total
Time deposits greater than $250 thousand	$	24,091	$	36,968	$	108,548	$	2,946	$	172,553

Tabular disclosure of type of deposit liability.

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph e
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph d
-Publisher SEC

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph c
-Publisher SEC

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph a
-Subparagraph (5)
-Publisher SEC

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph a
-Subparagraph (4)
-Publisher SEC

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph a
-Subparagraph (3)
-Publisher SEC

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph a
-Subparagraph (2)
-Publisher SEC

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph a
-Subparagraph (1)
-Publisher SEC

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph a
-Publisher SEC

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph f
-Subparagraph (1)
-Publisher SEC

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph f
-Subparagraph (2)
-Publisher SEC

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph f
-Subparagraph (2)(i)
-Publisher SEC

Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph f
-Subparagraph (2)(iv)
-Publisher SEC

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph f
-Subparagraph (2)(iii)
-Publisher SEC

Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph f
-Subparagraph (2)(ii)
-Publisher SEC

Property, Plant, and Equipment [Abstract]

PREMISES AND EQUIPMENT (Tables)

6 Months Ended

Jun. 30, 2026

Property, Plant, and Equipment

The following table summarizes the gross carrying amount, by type, accumulated depreciation, and right-of-use assets, which are included in Premises and equipment, net in the Consolidated Balance Sheets, as of June 30, 2026 and December 31, 2025:


(in thousands)	June 30, 2026		December 31, 2025
Land	$	13,413	$	—
Building	13,420		—
Software	27,943		26,166
Leasehold improvements	7,543		7,484
Furniture and equipment	4,017		3,695
Tenant improvements	1,777		—
Assets in process	1,589		761
Premises and equipment	69,702		38,106
Right-of-use assets, operating leases	5,030		15,691
Accumulated depreciation	(26,855)		(23,034)
Premises and equipment, net	$	47,877	$	30,763

Asset Acquisition

The following table summarizes the purchase price allocated to the acquired assets:


(in thousands)	April 30, 2026
Cash consideration	$	37,440
Less: right-of-use-assets, net of lease liabilities	(3,576)
Purchase price to be allocated	$	33,864

Allocation of purchase price:
Land	$	13,413
Building	13,420
Tenant improvements	1,777
In-place lease intangibles	3,793
Above/below market rent intangibles	1,461
Total allocated purchase price	$	33,864

EARNINGS PER COMMON SHARE - Narrative (Details)	3 Months Ended		6 Months Ended
EARNINGS PER COMMON SHARE - Narrative (Details)	Jun. 30, 2026 class shares	Jun. 30, 2025 shares	Jun. 30, 2026 class shares	Jun. 30, 2025 shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of classes of common stock \| class	2		2
Effect of dilutive securities - stock options and restricted stock awards (in shares)	2,323,285	1,042,752	2,224,165	1,164,416
Common Stock Equivalents
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	21,966	18,320	20,438	19,684
Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)			2,335,736	2,325,336
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)			1,463,013	386,522

OTHER EARNING ASSETS (Tables)

6 Months Ended

Jun. 30, 2026

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Earning Assets



	For the Three Months Ended				For the Six Months Ended
(in thousands)	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Balance at beginning of period	$	93	$	74	$	108	$	74

Recovery of credit losses	—		—		(15)		—




Balance at end of period	$	93	$	74	$	93	$	74

GOODWILL AND OTHER INTANGIBLE ASSETS - Narrative (Details) - Headquarters Acquisition $ in Thousands	Apr. 30, 2026 USD ($)
In-place lease intangibles
Intangible Asset, Finite-Lived [Line Items]
Intangible asset, finite-lived, acquired	$ 3,793
Above/below market rent intangibles
Intangible Asset, Finite-Lived [Line Items]
Intangible asset, finite-lived, acquired	$ 1,461

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Cash and Cash Equivalents [Abstract]

CASH, CASH EQUIVALENTS AND RESTRICTED CASH

6 Months Ended

Jun. 30, 2026

CASH, CASH EQUIVALENTS AND RESTRICTED CASH

NOTE 2 – CASH, CASH EQUIVALENTS AND RESTRICTED CASH

Regulation D of the Federal Reserve Act requires the Company to maintain reserve balances with the Federal Reserve Bank based principally on the type and amount of the Company’s deposits, however, in March 2020, the Federal Reserve Board took action to reduce the reserve requirement percentage to zero for all balances. Balances maintained with the Federal Reserve Bank are included in Interest-bearing deposits with banks in the Consolidated Balance Sheets.

The following schedule presents the composition of the Company’s cash, cash equivalents and restricted cash as of June 30, 2026 and December 31, 2025:


(in thousands)	June 30, 2026		December 31, 2025
Cash, due from banks and restricted cash:
Cash and due from banks	$	23,964	$	16,040
Restricted cash	2,560		2,201
Total cash, due from banks and restricted cash	26,524		18,241
Interest-bearing deposits with banks:
Interest-bearing deposits with the Federal Reserve Bank	773,660		601,555
Interest-bearing deposits with other banks	34,532		28,919

Total interest-bearing deposits with banks	808,192		630,474
Total cash, cash equivalents and restricted cash	$	834,716	$	648,715

CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Tables)

6 Months Ended

Jun. 30, 2026

Cash and Cash Equivalents [Abstract]

Schedule of Cash and Cash Equivalents

The following schedule presents the composition of the Company’s cash, cash equivalents and restricted cash as of June 30, 2026 and December 31, 2025:


(in thousands)	June 30, 2026		December 31, 2025
Cash, due from banks and restricted cash:
Cash and due from banks	$	23,964	$	16,040
Restricted cash	2,560		2,201
Total cash, due from banks and restricted cash	26,524		18,241
Interest-bearing deposits with banks:
Interest-bearing deposits with the Federal Reserve Bank	773,660		601,555
Interest-bearing deposits with other banks	34,532		28,919

Total interest-bearing deposits with banks	808,192		630,474
Total cash, cash equivalents and restricted cash	$	834,716	$	648,715

Restrictions on Cash and Cash Equivalents

The following schedule presents the composition of the Company’s cash, cash equivalents and restricted cash as of June 30, 2026 and December 31, 2025:


(in thousands)	June 30, 2026		December 31, 2025
Cash, due from banks and restricted cash:
Cash and due from banks	$	23,964	$	16,040
Restricted cash	2,560		2,201
Total cash, due from banks and restricted cash	26,524		18,241
Interest-bearing deposits with banks:
Interest-bearing deposits with the Federal Reserve Bank	773,660		601,555
Interest-bearing deposits with other banks	34,532		28,919

Total interest-bearing deposits with banks	808,192		630,474
Total cash, cash equivalents and restricted cash	$	834,716	$	648,715

BORROWED FUNDS (Tables)

6 Months Ended

Jun. 30, 2026

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments

The following table provides information on subordinated debt as of June 30, 2026 and December 31, 2025:


(dollars in thousands)	June 30, 2026		December 31, 2025
2019 Notes, due in 2029 (1)	25,000		25,000
2021 Notes, due in 2032, 4.00%	125,000		125,000
Other subordinated debt, due in 2033 (2)	3,000		3,000
Less: debt issuance costs and discounts	(1,819)		(1,997)
Total subordinated debt	$	151,181	$	151,003

__________________

(1)Borrowings bore interest at an effective rate of 8.05% and 8.18% as of June 30, 2026 and December 31, 2025, respectively.

(2)Borrowings bore interest at an effective rate of 7.31% and 7.47% as of June 30, 2026 and December 31, 2025, respectively.

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Schedule of Earnings Per Share, Basic and Diluted

EARNINGS PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

The following table presents the calculation of basic and diluted earnings per Voting and Non-voting common share for the three months ended June 30, 2026 and 2025:


	For the Three Months Ended
	June 30, 2026				June 30, 2025
(in thousands, except share and per share data)	Voting		Non-Voting		Voting		Non-Voting
Basic Earnings Per Common Share:
Net income	$	2,069	$	2,053	$	7,134	$	7,975
Weighted-average shares - basic	21,175,037		21,014,378		19,000,131		21,242,551
Basic earnings per common share	$	0.10	$	0.10	$	0.38	$	0.38
Diluted Earnings Per Common Share:
Net income	$	2,176	$	1,946	$	7,335	$	7,774
Weighted-average shares - basic	21,175,037		21,014,378		19,000,131		21,242,551
Effect of dilutive securities - stock options and restricted stock awards	2,323,285		—		1,042,752		—
Weighted-average shares - diluted	23,498,322		21,014,378		20,042,883		21,242,551
Diluted earnings per common share	$	0.09	$	0.09	$	0.37	$	0.37

The following table presents the calculation of basic and diluted earnings per Voting and Non-voting common share for the six months ended June 30, 2026 and 2025:


	For the Six Months Ended
	June 30, 2026				June 30, 2025
(in thousands, except share and per share data)	Voting		Non-Voting		Voting		Non-Voting
Basic Earnings Per Common Share:
Net income	$	7,569	$	8,185	$	12,385	$	13,851
Weighted-average shares - basic	20,120,097		21,127,834		18,993,327		21,242,551
Basic earnings per common share	$	0.38	$	0.39	$	0.65	$	0.65
Diluted Earnings Per Common Share:
Net income	$	7,983	$	7,771	$	12,769	$	13,467
Weighted-average shares - basic	20,120,097		21,127,834		18,993,327		21,242,551
Effect of dilutive securities - stock options and restricted stock awards	2,224,165		—		1,164,416		—
Weighted-average shares - diluted	22,344,262		21,127,834		20,157,743		21,242,551
Diluted earnings per common share	$	0.36	$	0.37	$	0.63	$	0.63

FAIR VALUE OF FINANCIAL INSTRUMENTS

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

FAIR VALUE OF FINANCIAL INSTRUMENTS

NOTE 21 – FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company measures certain assets and liabilities at fair value using a three-level hierarchy that prioritizes observable inputs. Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 inputs are observable inputs other than Level 1 prices, such as quoted prices for similar assets, interest rates, prepayment speeds, and credit risk factors. Level 3 inputs are unobservable inputs based on the Company's own assumptions about market participant pricing. For a complete description of the Company's fair value hierarchy and valuation methodologies, refer to Note 21 - Fair Value of Financial Instruments to the annual Consolidated Financial Statements included in the Company's Registration Statement on Form S-1. There have since been no significant changes to the methodologies.

The following tables summarize financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2026 and December 31, 2025, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:


	June 30, 2026
(in thousands)	Quoted Prices in Active Markets for Identical Assets/ Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investment securities available-for-sale:
U.S. Treasury and government agencies	$	695,844	$	—	$	—	$	695,844
Residential agency mortgage-backed	—		312,973		—		312,973
Commercial agency mortgage-backed	—		182,856		—		182,856
Municipal bonds	—		8,635		—		8,635
Other	—		7,301		3,056		10,357
Total investment securities available-for-sale	695,844		511,765		3,056		1,210,665
Loans held-for-sale at fair value	—		—		54,379		54,379
Loans held for investment at fair value	—		—		3,481		3,481
Total assets	$	695,844	$	511,765	$	60,916	$	1,268,525

Liabilities

Total liabilities	$	—	$	—	$	—	$	—


	December 31, 2025
(in thousands)	Quoted Prices in Active Markets for Identical Assets/ Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investment securities available-for-sale:
U.S. Treasury and government agencies	$	958,347	$	—	$	—	$	958,347
Residential agency mortgage-backed	—		139,077		—		139,077
Commercial agency mortgage-backed	—		136,070		—		136,070
Municipal bonds	—		8,635		—		8,635
Other	—		7,283		5,475		12,758
Total investment securities available-for-sale	958,347		291,065		5,475		1,254,887
Loans held-for-sale at fair value	—		—		62,251		62,251
Loans held for investment at fair value	—		—		4,645		4,645
Total assets	$	958,347	$	291,065	$	72,371	$	1,321,783

Liabilities

Total liabilities	$	—	$	—	$	—	$	—

The following tables present a reconciliation of the assets and liabilities that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months ended June 30, 2026 and 2025:


	For the Three Months Ended
	June 30, 2026
			Additions		Sales		Pay-downs/ Maturities/ Calls		Transfers		Realized and Unrealized Gain/(Loss) included in:
(in thousands)	Balance as of March 31, 2026										Earnings		Other Comprehensive Loss		Balance as of June 30, 2026
Assets
Investment securities available-for-sale - Other	$	3,028	$	—	$	—	$	—	$	—	$	—	$	28	$	3,056
Loans held-for-sale at fair value	57,817		—		—		(4,839)		—		1,401		—		54,379
Loans held for investment at fair value	4,555		—		—		(1,753)		—		679		—		3,481
Total Level 3 assets	$	65,400	$	—	$	—	$	(6,592)	$	—	$	2,080	$	28	$	60,916
Liabilities

Total Level 3 liabilities	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


	For the Three Months Ended
	June 30, 2025
			Additions		Sales		Pay-downs/ Maturities/ Calls		Transfers		Realized and Unrealized Gain/(Loss) included in:
(in thousands)	Balance as of March 31, 2025										Earnings		Other Comprehensive Income		Balance as of June 30, 2025
Assets
Investment securities available-for-sale - Other	$	5,533	$	—	$	—	$	—	$	—	$	—	$	(221)	$	5,312
Loans held-for-sale at fair value	102,765		8,938		(7,755)		(21,870)		(157)		(409)		—		81,512
Loans held for investment at fair value	6,685		—		—		(890)		157		48		—		6,000
Total Level 3 assets	$	114,983	$	8,938	$	(7,755)	$	(22,760)	$	—	$	(361)	$	(221)	$	92,824
Liabilities

Total Level 3 liabilities	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

During the three months ended June 30, 2026 and 2025, the Company did not transfer any assets to or from Level 3.


	For the Six Months Ended
	June 30, 2026
			Additions		Sales		Pay-downs/ Maturities/ Calls		Transfers		Realized and Unrealized Gain/(Loss) included in:
(in thousands)	Balance as of December 31, 2025										Earnings		Other Comprehensive Loss		Balance as of June 30, 2026
Assets
Investment securities available-for-sale - Other	$	5,475	$	—	$	—	$	(2,473)	$	—	$	—	$	54	$	3,056
Loans held-for-sale at fair value	62,251		2,414		(118)		(10,999)		(151)		982		—		54,379
Loans held for investment at fair value	4,645		504		—		(2,457)		151		638		—		3,481
Total Level 3 assets	$	72,371	$	2,918	$	(118)	$	(15,929)	$	—	$	1,620	$	54	$	60,916
Liabilities

Total Level 3 liabilities	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


	For the Six Months Ended
	June 30, 2025
			Additions		Sales		Pay-downs/ Maturities/ Calls		Transfers		Realized and Unrealized Gain/(Loss) included in:
(in thousands)	Balance as of December 31, 2024										Earnings		Other Comprehensive Income		Balance as of June 30, 2025
Assets
Investment securities available-for-sale - Other	$	5,465	$	—	$	—	$	—	$	—	$	—	$	(153)	$	5,312
Loans held-for-sale at fair value	108,575		15,187		(10,790)		(31,530)		(157)		227		—		81,512
Loans held for investment at fair value	7,081		—		—		(1,215)		157		(23)		—		6,000
Total Level 3 assets	$	121,121	$	15,187	$	(10,790)	$	(32,745)	$	—	$	204	$	(153)	$	92,824
Liabilities

Total Level 3 liabilities	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

See Note 4 – Loans for more information regarding realized and unrealized gains and losses on loans. Unrealized losses on investment securities available-for-sale are included in Net change in unrealized gain on investments available-for-sale in the Consolidated Statements of Comprehensive Income.

During the six months ended June 30, 2026 and 2025, the Company did not transfer any assets to or from Level 3.

The following tables present the quantitative inputs used in determining the fair value of the Company’s Level 3 assets measured on a recurring basis as of June 30, 2026 and December 31, 2025:


(dollars in thousands)	Fair value as of June 30, 2026		Valuation Technique	Unobservable Input	Range (Weighted Average)1
Investment securities available-for-sale - Other	$	3,056	Discounted Cash Flow	Discount Rate	8.0% - 8.0% (8.0%)

Loans held-for-sale at fair value	$	47,898	Market Observations	Market (Premium)/Discount	(0.4)% - 12.5% (2.6%)
Loans held-for-sale at fair value	6,481		Discounted Cash Flow	Discount for Risk of Non-Payment	23.2% - 50.7% (30.5%)
				Discount Rate	8.9% - 11.8% (9.4%)
Total loans held-for-sale at fair value	$	54,379

Loans held for investment at fair value	$	2,379	Market Observations	Market (Premium)/Discount	(0.4)% - 12.5% (1.7%)
Loans held for investment at fair value	1,102		Discounted Cash Flow	Discount for Risk of Non-Payment	23.2% - 50.7% (38.5%)
				Discount Rate	8.9% - 11.8% (9.6%)
Total loans held for investment at fair value	$	3,481

__________________

(1)Weighted averages are calculated by using the product of the inputs multiplied by the relative fair values of the instruments.


(dollars in thousands)	Fair value as of December 31, 2025		Valuation Technique	Unobservable Input	Range (Weighted Average)1
Investment securities available-for-sale - Other	$	5,475	Discounted Cash Flow	Discount Rate	7.5% - 7.6% (7.5%)

Loans held-for-sale at fair value	$	58,059	Market Observations	Market (Premium)/Discount	(1.4)% - 7.6% (2.3%)
Loans held-for-sale at fair value	4,192		Discounted Cash Flow	Discount for Risk of Non-Payment	10.0% - 40.0% (30.6%)
				Discount Rate	9.3% - 11.8% (10.0%)
Total loans held-for-sale at fair value	$	62,251

Loans held for investment at fair value	$	3,853	Market Observations	Market (Premium)/Discount	(1.4)% - 7.6% (0.8%)
Loans held for investment at fair value	792		Discounted Cash Flow	Discount for Risk of Non-Payment	10.0% - 40.0% (28.2%)
				Discount Rate	9.3% - 11.8% (10.4%)
Total loans held for investment at fair value	$	4,645

__________________

(1)Weighted averages are calculated by using the product of the inputs multiplied by the relative fair values of the instruments.

Certain assets are measured at fair value on a nonrecurring basis; that is, not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). Financial assets measured at fair value on a non-recurring basis as of June 30, 2026 and December 31, 2025, are presented in the following tables:


	June 30, 2026
(in thousands)	Quoted Prices in Active Markets for Identical Assets/ Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Collateral-dependent loans	$	—	$	—	$	56,122	$	56,122
Impaired loans	—		—		11,478		11,478
OREO	—		—		4,642		4,642
Total	$	—	$	—	$	72,242	$	72,242


	December 31, 2025
(in thousands)	Quoted Prices in Active Markets for Identical Assets/ Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Collateral-dependent loans	$	—	$	—	$	49,682	$	49,682
Impaired loans	—		—		14,017		14,017
OREO	—		—		8,729		8,729
Total	$	—	$	—	$	72,428	$	72,428

As of June 30, 2026 and December 31, 2025, the Company’s investment in collateral-dependent loans included individual credit loss allowances of $1.6 million and zero, respectively. As of June 30, 2026 and December 31, 2025, the Company’s investment in impaired loans included individual credit loss allowances of $0.9 million and $2.2 million, respectively. As of June 30, 2026 and December 31, 2025, the Company’s investment in OREO assets

included cumulative unrealized fair value adjustment losses of $2.2 million and $1.8 million, respectively, which are recognized in Other non-interest income in the Consolidated Statements of Income.

Collateral-dependent loans are reported at fair value using the fair value of collateral less estimated selling costs. Although appraisals are obtained on collateral-dependent loans, the appraised values may be discounted based on management’s historical knowledge, changes in market conditions from the time of valuation and/or management’s expertise and knowledge of the borrower’s business, and therefore they are classified as Level 3.

Impaired loans are reported at fair value using the present value of expected cash flows. For impairments based on cash flow methodology, the discount rate is based on observable inputs, however the determination of cash flows requires management’s judgment, and therefore they are classified as Level 3.

OREO assets have been valued using a market approach. The values were determined using market prices or similar real estate assets based on an independent appraisal, and adjusted for estimated selling costs. These estimates require management’s judgment, and therefore they are classified as Level 3.

The Company discloses the fair value of financial instruments not measured at fair value on a recurring basis based on the exit price notion. Where quoted market prices are unavailable, fair values are estimated using discounted cash flow models based on observable inputs (Level 2) or unobservable inputs (Level 3). For further information on the Company's fair value methodology, refer to Note 21 - Fair Value of Financial Instruments to the annual Consolidated Financial Statements included in the Company's Registration Statement on Form S-1.

The estimated fair values of the Company’s financial instruments were as follows as of June 30, 2026 and December 31, 2025:


	June 30, 2026
(in thousands)	Carrying Amount		Estimated Fair Value		Quoted Prices in Active Markets for Identical Assets/ Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Financial assets:
Cash, cash equivalents and restricted cash	$	834,716	$	834,716	$	834,716	$	—	$	—
Investment securities available-for-sale, at fair value	1,210,665		1,210,665		695,844		511,765		3,056
Investment securities held-to-maturity, at amortized cost	48,634		48,831		—		33,591		15,240
Loans held-for-sale, at fair value	54,379		54,379		—		—		54,379
Loans held-for-sale, at lower of cost or fair value	411,095		411,146		—		—		411,146
Loans held for investment, at fair value	3,481		3,481		—		—		3,481
Loans held for investment, at amortized cost	5,541,251		5,547,241		—		—		5,547,241
Other earning assets	50,479		46,745		—		—		46,745
Accrued interest receivable	46,445		46,445		46,445		—		—
Financial liabilities:
Time deposits	$	1,272,951	$	1,274,054	$	—	$	1,274,054	$	—
Other deposits	5,992,884		5,992,884		5,992,884		—		—
Subordinated debt, net	151,181		151,662		—		151,662		—


	December 31, 2025
(in thousands)	Carrying Amount		Estimated Fair Value		Quoted Prices in Active Markets for Identical Assets/ Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Financial assets:
Cash, cash equivalents and restricted cash	$	648,715	$	648,715	$	648,715	$	—	$	—
Investment securities available-for-sale, at fair value	1,254,887		1,254,887		958,347		291,065		5,475
Investment securities held-to-maturity, at amortized cost	48,834		50,475		—		34,936		15,539
Loans held-for-sale, at fair value	62,251		62,251		—		—		62,251
Loans held-for-sale, at lower of cost or fair value	317,411		317,411		—		—		317,411
Loans held for investment, at fair value	4,645		4,645		—		—		4,645
Loans held for investment, at amortized cost	5,169,248		5,213,899		—		—		5,213,899
Other earning assets	55,928		54,023		—		—		54,023
Accrued interest receivable	55,155		55,155		55,155		—		—
Financial liabilities:
Time deposits	$	1,423,136	$	1,431,710	$	—	$	1,431,710	$	—
Other deposits	5,354,779		5,354,779		5,354,779		—		—
Subordinated debt, net	151,003		146,547		—		146,547		—

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

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Assets And Liabilities, Lessee

DEPOSITS - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Deposit Liability [Line Items]
Percentage of time deposits $250,000 or more to total time deposits	13.60%
Deposits	$ 7,265,835	$ 6,777,915
Related Party
Deposit Liability [Line Items]
Deposits	$ 5,700	$ 5,200

LOANS - Loans Held-for-Investment by Portfolio Segment (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025	Jun. 30, 2025
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and held for investment, at amortized cost	$ 5,595,872	$ 5,222,234	$ 4,476,367
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and held for investment, at amortized cost	2,849,478	2,528,996	2,008,133
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and held for investment, at amortized cost	2,541,275	2,475,549	2,107,727
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and held for investment, at amortized cost	$ 205,119	$ 217,689	$ 360,507

CREDIT QUALITY ASSESSMENT - Loans Held for Investment at Amortized Cost on Non-Accrual status & Loans 90 Days or More Past Due and still Accruing (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2026	Dec. 31, 2025
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 90 days or more past due and still accruing	$ 0	$ 0
Non-accrual loans with no allowance for credit losses	48,614	62,334
Non-accrual loans	72,471	67,702
Contractual interest income on non-accrual loans while on non-accrual status	6,234	7,391
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 90 days or more past due and still accruing	0	0
Non-accrual loans with no allowance for credit losses	45,836	60,361
Non-accrual loans	67,312	60,361
Contractual interest income on non-accrual loans while on non-accrual status	3,526	4,812
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 90 days or more past due and still accruing	0	0
Non-accrual loans with no allowance for credit losses	2,764	116
Non-accrual loans	3,752	5,484
Contractual interest income on non-accrual loans while on non-accrual status	1,313	916
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 90 days or more past due and still accruing	0	0
Non-accrual loans with no allowance for credit losses	14	1,857
Non-accrual loans	1,407	1,857
Contractual interest income on non-accrual loans while on non-accrual status	$ 1,395	$ 1,663

EMPLOYEE BENEFIT PLANS	6 Months Ended
EMPLOYEE BENEFIT PLANS	Jun. 30, 2026
Postemployment Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	NOTE 16 – EMPLOYEE BENEFIT PLANS As of June 30, 2026, the Company maintained a 401(k) plan, adopted by the Bank (the “401(k) Plan”), a multiple employer plan covering all full-time and part-time employees. Employees become eligible to participate in the 401(k) Plan on the first day of the month that is thirty days after their hire date. Under the 401(k) Plan, a participant may elect to contribute up to 80% of their compensation to the extent the total dollar amount is permitted by law. Under the terms of the 401(k) Plan, the Company will make a matching contribution of 100% up to 4% of employee compensation. Both employee contributions and employer matching contributions vest immediately. The Company made matching contributions of $1.1 million and $1.7 million during the three and six months ended June 30, 2026, respectively, and $0.9 million and $1.6 million during the three and six months ended June 30, 2025, respectively. The Company may also make discretionary contributions for each participant. The amount of discretionary contribution, if any, is determined on an annual basis by the Company’s Board of Directors. No discretionary contributions were made by the Company during the three and six months ended June 30, 2026 and 2025.

ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Net
Beginning balance	$ 831,195	$ 736,359	$ 822,443	$ 721,954
Ending balance	967,163	752,296	967,163	752,296
Investment securities available-for-sale:
Total
Beginning balance	(3,214)	1,169	4,075	(596)
Unrealized gains (losses), net	(4,837)	(2,511)	(12,126)	448
Reclassification of net losses (gains) on investments available-for-sale to earnings	0	0		(1,194)
Ending balance	(8,051)	(1,342)	(8,051)	(1,342)
Tax Effect
Beginning balance	834	(293)	(1,051)	153
Unrealized losses (gains), net	1,249	640	3,134	(107)
Reclassification of net gains (losses) on investments available-for-sale to earnings	0	0		301
Ending balance	2,083	347	2,083	347
Net
Beginning balance	(2,380)	876	3,024	(443)
Unrealized gains (losses), net	(3,588)	(1,871)	(8,992)	341
Reclassification of net losses (gains) on investments available-for-sale to earnings	0	0		(893)
Ending balance	$ (5,968)	$ (995)	$ (5,968)	$ (995)

LEASES (Tables)

6 Months Ended

Jun. 30, 2026

Leases [Abstract]

Lease, Cost

The following table provides information regarding the Company’s leases for the three and six months ended June 30, 2026 and 2025:


	For the Three Months Ended				For the Six Months Ended
(in thousands)	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Components of operating lease expense:
Long-term lease expense	$	428	$	798	$	1,175	$	1,739
Short-term lease expense	$	42	$	19	$	82	$	38

Supplemental cash flow information related to leases:
Operating cash flows from operating leases	$	465	$	917	$	1,347	$	1,856

The following table provides information regarding the Company’s leases as of June 30, 2026 and December 31, 2025:


(dollars in thousands)	June 30, 2026	December 31, 2025
Supplemental balance sheet information related to leases:
Operating lease right-of-use assets		$	5,030		$	15,691
Operating lease liabilities		$	5,867		$	20,077

Other information related to leases:
Weighted-average remaining lease term of operating leases		6.8 years			6.2 years
Weighted-average discount rate of operating leases		3.69		%	2.60		%

Lessee, Operating Lease, Liability, to be Paid, Maturity

The following table presents the maturities of the Company’s operating lease liabilities as of June 30, 2026, for the years indicated:


(in thousands)	Amount
Remaining 2026	$	469
2027	959
2028	985
2029	962
2030	954
Thereafter	2,307
Total minimum lease payments	6,636
Less: present value discount	(769)
Operating lease liability	$	5,867

Lessor, Operating Lease, Payment to be Received, Maturity

The following table presents the maturities of the Company’s lease receivables as of June 30, 2026, for the years indicated:


(in thousands)	Amount
Remaining 2026	$	2,972
2027	5,196
2028	4,839
2029	3,525
2030	2,372
Thereafter	5,451
Total lease payments	$	24,355

CREDIT QUALITY ASSESSMENT - Schedule of Allowance for Credit Loss for Loans Held for Investment by Loan Category (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Allowance for credit losses:
Beginning of period	$ 52,794	$ 46,868	$ 52,986	$ 42,294	$ 42,294
Provision for credit losses on loans	4,521	3,106	8,388	11,519
Provision for/(recovery of) credit losses on loan transfers from/(to) loans held-for-sale		29
Provision for credit losses on loan transfers from loans held-for-sale	0	29	17	97
Loan charge-offs	(3,089)	(2,593)	(7,976)	(7,026)	(15,414)
Loan recoveries	395	898	1,206	1,424
Net charge-offs	(2,694)	(1,695)	(6,770)	(5,602)
End of period	54,621	48,308	54,621	48,308	52,986
Individually evaluated for credit loss	2,361	1,640	2,361	1,640
Collectively evaluated for credit loss	52,260	46,668	52,260	46,668
Total allowance for credit losses	54,621	48,308	54,621	48,308	52,986
Loans held for investment at amortized cost:
Individually evaluated for credit loss	149,509	171,303	149,509	171,303
Collectively evaluated for credit loss	5,446,363	4,305,064	5,446,363	4,305,064
Total	$ 5,595,872	$ 4,476,367	$ 5,595,872	$ 4,476,367	5,222,234
Allowance for loans to loan type ratio:
Individually evaluated for credit loss	1.58%	0.96%	1.58%	0.96%
Collectively evaluated for credit loss	0.96%	1.08%	0.96%	1.08%
Total loans held for investment at amortized cost	0.98%	1.08%	0.98%	1.08%
Commercial Real Estate
Allowance for credit losses:
Beginning of period	$ 19,566	$ 13,819	$ 18,639	$ 12,078	12,078
Provision for credit losses on loans	329	1,753	1,256	3,432
Provision for/(recovery of) credit losses on loan transfers from/(to) loans held-for-sale		30
Provision for credit losses on loan transfers from loans held-for-sale			0	92
Loan charge-offs	0	0	0	0	0
Loan recoveries	0	0	0	0
Net charge-offs	0	0	0	0
End of period	19,895	15,602	19,895	15,602	18,639
Individually evaluated for credit loss	1,431	95	1,431	95
Collectively evaluated for credit loss	18,464	15,507	18,464	15,507
Total allowance for credit losses	19,895	15,602	19,895	15,602	18,639
Loans held for investment at amortized cost:
Individually evaluated for credit loss	128,324	88,193	128,324	88,193
Collectively evaluated for credit loss	2,721,154	1,919,940	2,721,154	1,919,940
Total	$ 2,849,478	$ 2,008,133	$ 2,849,478	$ 2,008,133	2,528,996
Allowance for loans to loan type ratio:
Individually evaluated for credit loss	1.12%	0.11%	1.12%	0.11%
Collectively evaluated for credit loss	0.68%	0.81%	0.68%	0.81%
Total loans held for investment at amortized cost	0.70%	0.78%	0.70%	0.78%
Commercial and Industrial
Allowance for credit losses:
Beginning of period	$ 25,535	$ 22,553	$ 26,023	$ 19,380	19,380
Provision for credit losses on loans	1,467	572	3,250	6,636
Provision for/(recovery of) credit losses on loan transfers from/(to) loans held-for-sale		(1)
Provision for credit losses on loan transfers from loans held-for-sale			17	5
Loan charge-offs	(1,736)	(473)	(4,566)	(3,580)	(7,374)
Loan recoveries	131	738	673	948
Net charge-offs	(1,605)	265	(3,893)	(2,632)
End of period	25,397	23,389	25,397	23,389	26,023
Individually evaluated for credit loss	930	1,545	930	1,545
Collectively evaluated for credit loss	24,467	21,844	24,467	21,844
Total allowance for credit losses	25,397	23,389	25,397	23,389	26,023
Loans held for investment at amortized cost:
Individually evaluated for credit loss	19,150	81,836	19,150	81,836
Collectively evaluated for credit loss	2,522,125	2,025,891	2,522,125	2,025,891
Total	$ 2,541,275	$ 2,107,727	$ 2,541,275	$ 2,107,727	2,475,549
Allowance for loans to loan type ratio:
Individually evaluated for credit loss	4.86%	1.89%	4.86%	1.89%
Collectively evaluated for credit loss	0.97%	1.08%	0.97%	1.08%
Total loans held for investment at amortized cost	1.00%	1.11%	1.00%	1.11%
Consumer
Allowance for credit losses:
Beginning of period	$ 7,693	$ 10,496	$ 8,324	$ 10,836	10,836
Provision for credit losses on loans	2,725	781	3,882	1,451
Provision for/(recovery of) credit losses on loan transfers from/(to) loans held-for-sale		0
Provision for credit losses on loan transfers from loans held-for-sale			0	0
Loan charge-offs	(1,353)	(2,120)	(3,410)	(3,446)	(8,040)
Loan recoveries	264	160	533	476
Net charge-offs	(1,089)	(1,960)	(2,877)	(2,970)
End of period	9,329	9,317	9,329	9,317	8,324
Individually evaluated for credit loss	0	0	0	0
Collectively evaluated for credit loss	9,329	9,317	9,329	9,317
Total allowance for credit losses	9,329	9,317	9,329	9,317	8,324
Loans held for investment at amortized cost:
Individually evaluated for credit loss	2,035	1,274	2,035	1,274
Collectively evaluated for credit loss	203,084	359,233	203,084	359,233
Total	$ 205,119	$ 360,507	$ 205,119	$ 360,507	$ 217,689
Allowance for loans to loan type ratio:
Individually evaluated for credit loss	0.00%	0.00%	0.00%	0.00%
Collectively evaluated for credit loss	4.59%	2.59%	4.59%	2.59%
Total loans held for investment at amortized cost	4.55%	2.58%	4.55%	2.58%

SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026 USD ($)	Jun. 30, 2025 USD ($)	Jun. 30, 2026 USD ($) segment	Jun. 30, 2025 USD ($)
Property, Plant, and Equipment [Line Items]
Number of operating segments			1
Number of reportable segments			1
Advertising expense \| $	$ 2.4	$ 1.4	$ 4.5	$ 4.0
Effective income tax rate reconciliation, percent	69.00%	26.60%	40.60%	26.30%
Building
Property, Plant, and Equipment [Line Items]
Premises and equipment, useful life	39 years		39 years
Software
Property, Plant, and Equipment [Line Items]
Premises and equipment, useful life	3 years		3 years
Minimum
Property, Plant, and Equipment [Line Items]
Intangible asset, finite-lived, useful life	8 years		8 years
Minimum \| Furniture, Fixtures, Computer and Other Equipment
Property, Plant, and Equipment [Line Items]
Premises and equipment, useful life	3 years		3 years
Maximum
Property, Plant, and Equipment [Line Items]
Intangible asset, finite-lived, useful life	20 years		20 years
Maximum \| Furniture, Fixtures, Computer and Other Equipment
Property, Plant, and Equipment [Line Items]
Premises and equipment, useful life	15 years		15 years

LEASES

6 Months Ended

Jun. 30, 2026

Leases [Abstract]

LEASES

NOTE 9 – LEASES

Lessee

The Company has six leases, all of which are currently classified as operating. The Company’s leased locations are primarily deposit production offices and branches, mostly located in the Washington, D.C. metro area. The corporate headquarters lease, located in Chevy Chase, Maryland was considered to be critical to the Company’s operations. On April 30, 2026, the Company acquired the building which houses its corporate headquarters. Prior to the acquisition, the Company leased three office spaces in the acquired building and had $9.7 million of right-of-use assets and $13.3 million of lease liabilities recognized in the Consolidated Balance Sheets. Upon the acquisition of the building, the Company derecognized the right-of-use assets and lease liabilities, and the $3.6 million net of the two was recognized as a reduction to the purchase price. No gain or loss was recognized related to the transaction. See Note 7 – Premises and Equipment and Note 8 – Goodwill and Other Intangible Assets for more information.

Some lease agreements include one or more options to renew, with renewal terms that can extend the original lease term from three years to five years. The Company currently does not believe it is reasonably certain it will exercise the renewal options for its leases, and therefore, the lease terms do not reflect any optional periods.

The following table provides information regarding the Company’s leases for the three and six months ended June 30, 2026 and 2025:


	For the Three Months Ended				For the Six Months Ended
(in thousands)	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Components of operating lease expense:
Long-term lease expense	$	428	$	798	$	1,175	$	1,739
Short-term lease expense	$	42	$	19	$	82	$	38

Supplemental cash flow information related to leases:
Operating cash flows from operating leases	$	465	$	917	$	1,347	$	1,856

The following table provides information regarding the Company’s leases as of June 30, 2026 and December 31, 2025:


(dollars in thousands)	June 30, 2026	December 31, 2025
Supplemental balance sheet information related to leases:
Operating lease right-of-use assets		$	5,030		$	15,691
Operating lease liabilities		$	5,867		$	20,077

Other information related to leases:
Weighted-average remaining lease term of operating leases		6.8 years			6.2 years
Weighted-average discount rate of operating leases		3.69		%	2.60		%

The following table presents the maturities of the Company’s operating lease liabilities as of June 30, 2026, for the years indicated:


(in thousands)	Amount
Remaining 2026	$	469
2027	959
2028	985
2029	962
2030	954
Thereafter	2,307
Total minimum lease payments	6,636
Less: present value discount	(769)
Operating lease liability	$	5,867

Lessor

The Company acquired its headquarters office building, located in Chevy Chase, Maryland, on April 30, 2026 and assumed 15 lessor arrangements, consisting of commercial office and retail space, all of which are classified as operating leases. These lease agreements may include options to renew with renewal terms that can extend the original lease term for five years.

The Company recognized $1.4 million in lease income for each of the three and six months ended June 30, 2026. There was no lease income during the three and six months ended June 30, 2025.

The following table presents the maturities of the Company’s lease receivables as of June 30, 2026, for the years indicated:


(in thousands)	Amount
Remaining 2026	$	2,972
2027	5,196
2028	4,839
2029	3,525
2030	2,372
Thereafter	5,451
Total lease payments	$	24,355

LEASES

NOTE 9 – LEASES

Lessee

The following table provides information regarding the Company’s leases for the three and six months ended June 30, 2026 and 2025:


	For the Three Months Ended				For the Six Months Ended
(in thousands)	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Components of operating lease expense:
Long-term lease expense	$	428	$	798	$	1,175	$	1,739
Short-term lease expense	$	42	$	19	$	82	$	38

Supplemental cash flow information related to leases:
Operating cash flows from operating leases	$	465	$	917	$	1,347	$	1,856

The following table provides information regarding the Company’s leases as of June 30, 2026 and December 31, 2025:


(dollars in thousands)	June 30, 2026	December 31, 2025
Supplemental balance sheet information related to leases:
Operating lease right-of-use assets		$	5,030		$	15,691
Operating lease liabilities		$	5,867		$	20,077

Other information related to leases:
Weighted-average remaining lease term of operating leases		6.8 years			6.2 years
Weighted-average discount rate of operating leases		3.69		%	2.60		%

The following table presents the maturities of the Company’s operating lease liabilities as of June 30, 2026, for the years indicated:


(in thousands)	Amount
Remaining 2026	$	469
2027	959
2028	985
2029	962
2030	954
Thereafter	2,307
Total minimum lease payments	6,636
Less: present value discount	(769)
Operating lease liability	$	5,867

Lessor

The Company recognized $1.4 million in lease income for each of the three and six months ended June 30, 2026. There was no lease income during the three and six months ended June 30, 2025.

The following table presents the maturities of the Company’s lease receivables as of June 30, 2026, for the years indicated:


(in thousands)	Amount
Remaining 2026	$	2,972
2027	5,196
2028	4,839
2029	3,525
2030	2,372
Thereafter	5,451
Total lease payments	$	24,355

STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions

The following table presents the assumptions used to determine the fair value of the options granted during the six months ended June 30, 2026 and 2025:


	June 30, 2026				June 30, 2025
	Black-Scholes		Monte Carlo		Black-Scholes		Monte Carlo
Volatility	45	%	45	%	40	%	40	%
Expected dividend yield	—	%	—	%	—	%	—	%
Expected term	6.5 years		1.75 - 10.0 years		6.5 years		2.25 - 10.0 years
Risk-free rate	3.89	%	3.47% - 4.18%		4.46	%	4.25% - 4.58%

Share-Based Payment Arrangement, Option, Activity

A summary of the activity of options outstanding for the six months ended June 30, 2026, is presented in the following table:


(dollars in thousands, except per share amounts)	Shares	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding as of December 31, 2025	9,809,692	$	14.61	5.6 years	$	54,150

Granted	85,000	$	20.13


Outstanding as of March 31, 2026	9,894,692	$	14.82	5.4 years	$	52,577
Granted	61,000	$	19.43
Exercised	(36,400)	$	15.17		$	180
Forfeited or expired	(11,200)	$	12.63
Outstanding as of June 30, 2026	9,908,092	$	14.84	5.1 years	$	34,426










Exercisable as of June 30, 2026	7,119,326	$	15.23	4.9 years	$	21,771

A summary of the activity of unvested stock options for the six months ended June 30, 2026, is presented in the following table:


	Shares	Weighted-Average Grant-Date Fair Value
Unvested as of December 31, 2025	2,233,040	$	4.49

Granted	85,000	$	10.17
Vested	(135,500)	$	4.92

Unvested as of March 31, 2026	2,182,540	$	4.69
Granted	61,000	$	9.77
Vested	(1,637,640)	$	4.10
Forfeited	(11,200)	$	4.01
Unvested as of June 30, 2026	594,700	$	6.83

Schedule of Nonvested Restricted Stock Units Activity

The following table summarizes the unvested restricted stock units activity for the six months ended June 30, 2026:


	Shares	Weighted-Average Grant-Date Fair Value
Unvested as of December 31, 2025	—	$	—





Unvested as of March 31, 2026	—	$	—
Granted	37,026	$	18.00


Unvested as of June 30, 2026	37,026	$	18.00

Nonvested Restricted Stock Shares Activity

The following table summarizes the unvested restricted stock awards activity for the six months ended June 30, 2026:


	Shares	Weighted-Average Grant-Date Fair Value
Unvested as of December 31, 2025	396,022	$	16.76

Granted	181,860	$	20.13
Vested	(91,532)	$	16.78

Unvested as of March 31, 2026	486,350	$	18.02
Granted	943,125	$	19.43

Forfeited	(3,488)	$	17.96
Unvested as of June 30, 2026	1,425,987	$	18.95

LOANS - Narrative (Details) $ in Thousands	Jun. 30, 2026 USD ($) category	Dec. 31, 2025 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, number of categories \| category	3
Loans held-for-sale	$ 465,474	$ 379,662
Deferred fees and costs	54,300	54,700
Financing receivable, accrued interest receivable	31,200	32,100
Total loans held for investment at amortized cost	5,541,251	5,169,248
Related Party
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment at amortized cost	$ 0	$ 0

INVESTMENT SECURITIES - Maturities of Investment Securities Available-for-Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Amortized Cost
Amortized Cost	$ 1,218,716	$ 1,250,812
Fair Value
Fair Value	1,210,665	1,254,887
U.S. Treasury and government agencies
Amortized Cost
One year or less	516,229	520,293
One to five years	179,650	433,688
Five to ten years	0	0
After ten years	0	0
Amortized Cost	695,879	953,981
Fair Value
One year or less	516,507	521,605
One to five years	179,337	436,742
Five to ten years	0	0
After ten years	0	0
Fair Value	695,844	958,347
Residential agency mortgage-backed
Amortized Cost
One year or less	0	0
One to five years	71	109
Five to ten years	0	0
After ten years	316,656	138,153
Amortized Cost	316,727	138,262
Fair Value
One year or less	0	0
One to five years	70	107
Five to ten years	0	0
After ten years	312,903	138,970
Fair Value	312,973	139,077
Commercial agency mortgage-backed
Amortized Cost
One year or less	0	0
One to five years	18,805	18,794
Five to ten years	8,458	13,396
After ten years	158,572	103,398
Amortized Cost	185,835	135,588
Fair Value
One year or less	0	0
One to five years	18,967	19,261
Five to ten years	8,425	13,612
After ten years	155,464	103,197
Fair Value	182,856	136,070
Municipal bonds
Amortized Cost
One year or less	0	0
One to five years	3,075	2,081
Five to ten years	0	994
After ten years	6,406	6,410
Amortized Cost	9,481	9,485
Fair Value
One year or less	0	0
One to five years	2,970	2,096
Five to ten years	0	894
After ten years	5,665	5,645
Fair Value	8,635	8,635
Other
Amortized Cost
One year or less	0	0
One to five years	0	0
Five to ten years	5,000	5,000
After ten years	5,794	8,496
Amortized Cost	10,794	13,496
Fair Value
One year or less	0	0
One to five years	0	0
Five to ten years	4,770	4,537
After ten years	5,587	8,221
Fair Value	$ 10,357	$ 12,758

STOCK-BASED COMPENSATION - Schedule of Unvested Awards Other than Options (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2026
Restricted Stock
Shares
Beginning balance (in shares)	486,350	396,022	396,022
Granted (in shares)	943,125	181,860	1,124,985
Vested (in shares)		(91,532)
Forfeited (in shares)	(3,488)
Ending balance (in shares)	1,425,987	486,350	1,425,987
Weighted-Average Grant-Date Fair Value
Beginning balance (in dollars per share)	$ 18.02	$ 16.76	$ 16.76
Granted (in dollars per share)	19.43	20.13
Vested (in dollars per share)		16.78
Forfeited (in dollars per share)	17.96
Ending balance (in dollars per share)	$ 18.95	$ 18.02	$ 18.95
Restricted Stock Units (RSUs)
Shares
Beginning balance (in shares)	0	0	0
Granted (in shares)	37,026		37,026
Ending balance (in shares)	37,026	0	37,026
Weighted-Average Grant-Date Fair Value
Beginning balance (in dollars per share)	$ 0	$ 0	$ 0
Granted (in dollars per share)	18.00
Ending balance (in dollars per share)	$ 18.00	$ 0	$ 18.00

INVESTMENT SECURITIES - Investment Securities Held-to-Maturity, Gross Unrealized Losses (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Schedule of Held-to-Maturity Securities [Line Items]
HTM, less than 12 months, fair value	$ 105	$ 0
HTM, less than 12 months, gross unrealized losses	0	0
HTM, 12 months or more, fair value	13,756	14,032
HTM, 12 months or more, gross unrealized losses	(2,962)	(2,687)
HTM, total, fair value	13,861	14,032
HTM, total, gross unrealized losses	(2,962)	(2,687)
Other
Schedule of Held-to-Maturity Securities [Line Items]
HTM, less than 12 months, fair value	105	0
HTM, less than 12 months, gross unrealized losses	0	0
HTM, 12 months or more, fair value	13,756	14,032
HTM, 12 months or more, gross unrealized losses	(2,962)	(2,687)
HTM, total, fair value	13,861	14,032
HTM, total, gross unrealized losses	$ (2,962)	$ (2,687)

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477268/942-320-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (fff)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477268/942-320-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (ff)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477268/942-320-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477268/942-320-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477268/942-320-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
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Intangible Asset, Goodwill and Other [Abstract]

INVESTMENT SECURITIES - Schedule of Investment Securities Available-for-Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	$ 1,218,716	$ 1,250,812
Gross Unrealized Gains	864	6,493
Gross Unrealized Losses	(8,915)	(2,418)
Allowance for Credit Losses	0	0
Investment securities available-for-sale, at fair value	1,210,665	1,254,887
U.S. Treasury and government agencies
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	695,879	953,981
Gross Unrealized Gains	502	4,366
Gross Unrealized Losses	(537)	0
Allowance for Credit Losses	0	0
Investment securities available-for-sale, at fair value	695,844	958,347
Residential agency mortgage-backed
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	316,727	138,262
Gross Unrealized Gains	52	1,077
Gross Unrealized Losses	(3,806)	(262)
Allowance for Credit Losses	0	0
Investment securities available-for-sale, at fair value	312,973	139,077
Commercial agency mortgage-backed
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	185,835	135,588
Gross Unrealized Gains	283	1,004
Gross Unrealized Losses	(3,262)	(522)
Allowance for Credit Losses	0	0
Investment securities available-for-sale, at fair value	182,856	136,070
Municipal bonds
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	9,481	9,485
Gross Unrealized Gains	27	46
Gross Unrealized Losses	(873)	(896)
Allowance for Credit Losses	0	0
Investment securities available-for-sale, at fair value	8,635	8,635
Other
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	10,794	13,496
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(437)	(738)
Allowance for Credit Losses	0	0
Investment securities available-for-sale, at fair value	$ 10,357	$ 12,758

GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2026

GOODWILL AND OTHER INTANGIBLE ASSETS

NOTE 8 – GOODWILL AND OTHER INTANGIBLE ASSETS

The following tables summarize the gross carrying amount and accumulated amortization, by type of amortizing other intangible asset, and the carrying amount of non-amortizing other intangible assets and goodwill, which are included in Goodwill and other intangible assets, net in the Consolidated Balance Sheets, as of June 30, 2026 and December 31, 2025:


	June 30, 2026
(dollars in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizing intangible assets:
Core deposit intangible	$	1,491	$	(1,491)	$	—
Customer relationship intangibles	18,742		(8,256)		10,486
In-place lease intangibles (1)	3,793		(359)		3,434
Above/below market rent intangibles (2)	1,461		(50)		1,411
Other	399		(399)		—
Total amortizing intangible assets	$	25,886	$	(10,555)	$	15,331
Indefinite life intangible asset					2,114
Total intangible assets					17,445
Goodwill					18,519
Total goodwill and intangible assets, net					$	35,964

__________________

(1)In-place lease intangible assets had a weighted-average remaining life of 4.8 years as of June 30, 2026.

(2)Above/below market rent intangible assets had a weighted-average remaining life of 4.9 years as of June 30, 2026.


	December 31, 2025
(dollars in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizing intangible assets:
Core deposit intangible	$	1,491	$	(1,491)	$	—
Customer relationship intangibles	18,742		(7,690)		11,052
Other	399		(399)		—
Total amortizing intangible assets	$	20,632	$	(9,580)	$	11,052
Indefinite life intangible asset					2,114
Total intangible assets					13,166
Goodwill					18,519
Total goodwill and intangible assets, net					$	31,685

On April 30, 2026, the Company acquired the building which houses its corporate headquarters. In connection with the acquisition, the Company also assumed leases associated with other tenants of the building. The Company allocated $3.8 million to in-place lease intangible assets and $1.5 million to above/below market rate intangible assets, respectively, related to the leases assumed. See Note 7 – Premises and Equipment and Note 9 – Leases for more information.

The following table presents the estimated future amortization of amortizing intangible assets as of June 30, 2026:


(in thousands)	Amount
Remaining 2026	$	1,262
2027	2,269
2028	2,050
2029	1,930
2030	1,302
Thereafter	6,518
Total amortizing intangible assets	$	15,331

Amortization expense related to customer relationship intangible assets and in-place lease intangibles assets is included in Other non-interest expense in the Consolidated Statements of Income. The amortization of above/below market rent intangible assets is recognized as a net reduction to Rental income, which is included in Other non-interest income in the Consolidated Statements of Income.

BORROWED FUNDS - Subordinated Debt (Details) - Subordinated Debt - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Debt Instrument [Line Items]
Less: debt issuance costs and discounts	$ (1,819)	$ (1,997)
Total subordinated debt	151,181	151,003
2019 Subordinated Notes, Due in 2029
Debt Instrument [Line Items]
Subordinated debt, gross	$ 25,000	$ 25,000
Interest rate, effective percentage	8.05%	8.18%
2021 Notes, due in 2032, 4.00%
Debt Instrument [Line Items]
Subordinated debt, gross	$ 125,000	$ 125,000
Interest rate, stated percentage	4.00%
Other Subordinated Debt, Due in 2033
Debt Instrument [Line Items]
Subordinated debt, gross	$ 3,000	$ 3,000
Interest rate, effective percentage	7.31%	7.47%

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2026	Aug. 10, 2026
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2026
Document Transition Report	false
Entity File Number	001-43343
Registrant Name	Forbright, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-3126112
Entity Address, Address Line One	4445 Willard Avenue
Entity Address, Address Line Two	Suite 1000
Entity Address, City or Town	Chevy Chase
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20815
City Area Code	301
Local Phone Number	299-8810
Title of 12(b) Security	Class A Common Stock, par value $0.001 per share
Trading Symbol	FRBT
Security Exchange Name	NASDAQ
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Amendment Flag	false
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2026
Current Fiscal Year End Date	--12-31
Central Index Key	0001925062
Voting Common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		30,016,203
Non-voting Common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		20,748,177

STOCK-BASED COMPENSATION - Schedule of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended	12 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2026	Dec. 31, 2025
Shares
Beginning balance (in shares)	9,894,692	9,809,692	9,809,692
Granted (in shares)	61,000	85,000
Exercised (in shares)	(36,400)
Forfeited or expired (in shares)	(11,200)
Ending balance (in shares)	9,908,092	9,894,692	9,908,092	9,809,692
Exercisable (in shares)	7,119,326		7,119,326
Weighted-Average Exercise Price
Beginning balance (in dollars per share)	$ 14.82	$ 14.61	$ 14.61
Granted (in dollars per share)	19.43	20.13
Exercised (in dollars per share)	15.17
Forfeited or expired (in dollars per share)	12.63
Ending balance (in dollars per share)	14.84	$ 14.82	14.84	$ 14.61
Exercisable (in dollars per share)	$ 15.23		$ 15.23
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Additional Disclosures [Abstract]
Options outstanding, weighted average remaining contractual life		5 years 4 months 24 days	5 years 1 month 6 days	5 years 7 months 6 days
Options exercisable, weighted average remaining contractual life			4 years 10 months 24 days
Aggregate Intrinsic Value
Beginning balance, outstanding	$ 52,577	$ 54,150	$ 54,150
Options exercised, aggregate intrinsic value	180
Ending balance, outstanding	34,426	$ 52,577	34,426	$ 54,150
Options exercisable, aggregate intrinsic value	$ 21,771		$ 21,771

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis


	June 30, 2026
(in thousands)	Quoted Prices in Active Markets for Identical Assets/ Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investment securities available-for-sale:
U.S. Treasury and government agencies	$	695,844	$	—	$	—	$	695,844
Residential agency mortgage-backed	—		312,973		—		312,973
Commercial agency mortgage-backed	—		182,856		—		182,856
Municipal bonds	—		8,635		—		8,635
Other	—		7,301		3,056		10,357
Total investment securities available-for-sale	695,844		511,765		3,056		1,210,665
Loans held-for-sale at fair value	—		—		54,379		54,379
Loans held for investment at fair value	—		—		3,481		3,481
Total assets	$	695,844	$	511,765	$	60,916	$	1,268,525

Liabilities

Total liabilities	$	—	$	—	$	—	$	—


	December 31, 2025
(in thousands)	Quoted Prices in Active Markets for Identical Assets/ Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Investment securities available-for-sale:
U.S. Treasury and government agencies	$	958,347	$	—	$	—	$	958,347
Residential agency mortgage-backed	—		139,077		—		139,077
Commercial agency mortgage-backed	—		136,070		—		136,070
Municipal bonds	—		8,635		—		8,635
Other	—		7,283		5,475		12,758
Total investment securities available-for-sale	958,347		291,065		5,475		1,254,887
Loans held-for-sale at fair value	—		—		62,251		62,251
Loans held for investment at fair value	—		—		4,645		4,645
Total assets	$	958,347	$	291,065	$	72,371	$	1,321,783

Liabilities

Total liabilities	$	—	$	—	$	—	$	—

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation


	For the Three Months Ended
	June 30, 2026
			Additions		Sales		Pay-downs/ Maturities/ Calls		Transfers		Realized and Unrealized Gain/(Loss) included in:
(in thousands)	Balance as of March 31, 2026										Earnings		Other Comprehensive Loss		Balance as of June 30, 2026
Assets
Investment securities available-for-sale - Other	$	3,028	$	—	$	—	$	—	$	—	$	—	$	28	$	3,056
Loans held-for-sale at fair value	57,817		—		—		(4,839)		—		1,401		—		54,379
Loans held for investment at fair value	4,555		—		—		(1,753)		—		679		—		3,481
Total Level 3 assets	$	65,400	$	—	$	—	$	(6,592)	$	—	$	2,080	$	28	$	60,916
Liabilities

Total Level 3 liabilities	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


	For the Three Months Ended
	June 30, 2025
			Additions		Sales		Pay-downs/ Maturities/ Calls		Transfers		Realized and Unrealized Gain/(Loss) included in:
(in thousands)	Balance as of March 31, 2025										Earnings		Other Comprehensive Income		Balance as of June 30, 2025
Assets
Investment securities available-for-sale - Other	$	5,533	$	—	$	—	$	—	$	—	$	—	$	(221)	$	5,312
Loans held-for-sale at fair value	102,765		8,938		(7,755)		(21,870)		(157)		(409)		—		81,512
Loans held for investment at fair value	6,685		—		—		(890)		157		48		—		6,000
Total Level 3 assets	$	114,983	$	8,938	$	(7,755)	$	(22,760)	$	—	$	(361)	$	(221)	$	92,824
Liabilities

Total Level 3 liabilities	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

During the three months ended June 30, 2026 and 2025, the Company did not transfer any assets to or from Level 3.


	For the Six Months Ended
	June 30, 2026
			Additions		Sales		Pay-downs/ Maturities/ Calls		Transfers		Realized and Unrealized Gain/(Loss) included in:
(in thousands)	Balance as of December 31, 2025										Earnings		Other Comprehensive Loss		Balance as of June 30, 2026
Assets
Investment securities available-for-sale - Other	$	5,475	$	—	$	—	$	(2,473)	$	—	$	—	$	54	$	3,056
Loans held-for-sale at fair value	62,251		2,414		(118)		(10,999)		(151)		982		—		54,379
Loans held for investment at fair value	4,645		504		—		(2,457)		151		638		—		3,481
Total Level 3 assets	$	72,371	$	2,918	$	(118)	$	(15,929)	$	—	$	1,620	$	54	$	60,916
Liabilities

Total Level 3 liabilities	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


	For the Six Months Ended
	June 30, 2025
			Additions		Sales		Pay-downs/ Maturities/ Calls		Transfers		Realized and Unrealized Gain/(Loss) included in:
(in thousands)	Balance as of December 31, 2024										Earnings		Other Comprehensive Income		Balance as of June 30, 2025
Assets
Investment securities available-for-sale - Other	$	5,465	$	—	$	—	$	—	$	—	$	—	$	(153)	$	5,312
Loans held-for-sale at fair value	108,575		15,187		(10,790)		(31,530)		(157)		227		—		81,512
Loans held for investment at fair value	7,081		—		—		(1,215)		157		(23)		—		6,000
Total Level 3 assets	$	121,121	$	15,187	$	(10,790)	$	(32,745)	$	—	$	204	$	(153)	$	92,824
Liabilities

Total Level 3 liabilities	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation


	For the Three Months Ended
	June 30, 2026
			Additions		Sales		Pay-downs/ Maturities/ Calls		Transfers		Realized and Unrealized Gain/(Loss) included in:
(in thousands)	Balance as of March 31, 2026										Earnings		Other Comprehensive Loss		Balance as of June 30, 2026
Assets
Investment securities available-for-sale - Other	$	3,028	$	—	$	—	$	—	$	—	$	—	$	28	$	3,056
Loans held-for-sale at fair value	57,817		—		—		(4,839)		—		1,401		—		54,379
Loans held for investment at fair value	4,555		—		—		(1,753)		—		679		—		3,481
Total Level 3 assets	$	65,400	$	—	$	—	$	(6,592)	$	—	$	2,080	$	28	$	60,916
Liabilities

Total Level 3 liabilities	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


	For the Three Months Ended
	June 30, 2025
			Additions		Sales		Pay-downs/ Maturities/ Calls		Transfers		Realized and Unrealized Gain/(Loss) included in:
(in thousands)	Balance as of March 31, 2025										Earnings		Other Comprehensive Income		Balance as of June 30, 2025
Assets
Investment securities available-for-sale - Other	$	5,533	$	—	$	—	$	—	$	—	$	—	$	(221)	$	5,312
Loans held-for-sale at fair value	102,765		8,938		(7,755)		(21,870)		(157)		(409)		—		81,512
Loans held for investment at fair value	6,685		—		—		(890)		157		48		—		6,000
Total Level 3 assets	$	114,983	$	8,938	$	(7,755)	$	(22,760)	$	—	$	(361)	$	(221)	$	92,824
Liabilities

Total Level 3 liabilities	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

During the three months ended June 30, 2026 and 2025, the Company did not transfer any assets to or from Level 3.


	For the Six Months Ended
	June 30, 2026
			Additions		Sales		Pay-downs/ Maturities/ Calls		Transfers		Realized and Unrealized Gain/(Loss) included in:
(in thousands)	Balance as of December 31, 2025										Earnings		Other Comprehensive Loss		Balance as of June 30, 2026
Assets
Investment securities available-for-sale - Other	$	5,475	$	—	$	—	$	(2,473)	$	—	$	—	$	54	$	3,056
Loans held-for-sale at fair value	62,251		2,414		(118)		(10,999)		(151)		982		—		54,379
Loans held for investment at fair value	4,645		504		—		(2,457)		151		638		—		3,481
Total Level 3 assets	$	72,371	$	2,918	$	(118)	$	(15,929)	$	—	$	1,620	$	54	$	60,916
Liabilities

Total Level 3 liabilities	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


	For the Six Months Ended
	June 30, 2025
			Additions		Sales		Pay-downs/ Maturities/ Calls		Transfers		Realized and Unrealized Gain/(Loss) included in:
(in thousands)	Balance as of December 31, 2024										Earnings		Other Comprehensive Income		Balance as of June 30, 2025
Assets
Investment securities available-for-sale - Other	$	5,465	$	—	$	—	$	—	$	—	$	—	$	(153)	$	5,312
Loans held-for-sale at fair value	108,575		15,187		(10,790)		(31,530)		(157)		227		—		81,512
Loans held for investment at fair value	7,081		—		—		(1,215)		157		(23)		—		6,000
Total Level 3 assets	$	121,121	$	15,187	$	(10,790)	$	(32,745)	$	—	$	204	$	(153)	$	92,824
Liabilities

Total Level 3 liabilities	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Fair Value Measurement Inputs and Valuation Techniques

The following tables present the quantitative inputs used in determining the fair value of the Company’s Level 3 assets measured on a recurring basis as of June 30, 2026 and December 31, 2025:


(dollars in thousands)	Fair value as of June 30, 2026		Valuation Technique	Unobservable Input	Range (Weighted Average)1
Investment securities available-for-sale - Other	$	3,056	Discounted Cash Flow	Discount Rate	8.0% - 8.0% (8.0%)

Loans held-for-sale at fair value	$	47,898	Market Observations	Market (Premium)/Discount	(0.4)% - 12.5% (2.6%)
Loans held-for-sale at fair value	6,481		Discounted Cash Flow	Discount for Risk of Non-Payment	23.2% - 50.7% (30.5%)
				Discount Rate	8.9% - 11.8% (9.4%)
Total loans held-for-sale at fair value	$	54,379

Loans held for investment at fair value	$	2,379	Market Observations	Market (Premium)/Discount	(0.4)% - 12.5% (1.7%)
Loans held for investment at fair value	1,102		Discounted Cash Flow	Discount for Risk of Non-Payment	23.2% - 50.7% (38.5%)
				Discount Rate	8.9% - 11.8% (9.6%)
Total loans held for investment at fair value	$	3,481

__________________

(1)Weighted averages are calculated by using the product of the inputs multiplied by the relative fair values of the instruments.


(dollars in thousands)	Fair value as of December 31, 2025		Valuation Technique	Unobservable Input	Range (Weighted Average)1
Investment securities available-for-sale - Other	$	5,475	Discounted Cash Flow	Discount Rate	7.5% - 7.6% (7.5%)

Loans held-for-sale at fair value	$	58,059	Market Observations	Market (Premium)/Discount	(1.4)% - 7.6% (2.3%)
Loans held-for-sale at fair value	4,192		Discounted Cash Flow	Discount for Risk of Non-Payment	10.0% - 40.0% (30.6%)
				Discount Rate	9.3% - 11.8% (10.0%)
Total loans held-for-sale at fair value	$	62,251

Loans held for investment at fair value	$	3,853	Market Observations	Market (Premium)/Discount	(1.4)% - 7.6% (0.8%)
Loans held for investment at fair value	792		Discounted Cash Flow	Discount for Risk of Non-Payment	10.0% - 40.0% (28.2%)
				Discount Rate	9.3% - 11.8% (10.4%)
Total loans held for investment at fair value	$	4,645

__________________

(1)Weighted averages are calculated by using the product of the inputs multiplied by the relative fair values of the instruments.

Fair Value Measurements, Nonrecurring

Financial assets measured at fair value on a non-recurring basis as of June 30, 2026 and December 31, 2025, are presented in the following tables:


	June 30, 2026
(in thousands)	Quoted Prices in Active Markets for Identical Assets/ Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Collateral-dependent loans	$	—	$	—	$	56,122	$	56,122
Impaired loans	—		—		11,478		11,478
OREO	—		—		4,642		4,642
Total	$	—	$	—	$	72,242	$	72,242


	December 31, 2025
(in thousands)	Quoted Prices in Active Markets for Identical Assets/ Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Collateral-dependent loans	$	—	$	—	$	49,682	$	49,682
Impaired loans	—		—		14,017		14,017
OREO	—		—		8,729		8,729
Total	$	—	$	—	$	72,428	$	72,428

Fair Value, by Balance Sheet Grouping

The estimated fair values of the Company’s financial instruments were as follows as of June 30, 2026 and December 31, 2025:


	June 30, 2026
(in thousands)	Carrying Amount		Estimated Fair Value		Quoted Prices in Active Markets for Identical Assets/ Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Financial assets:
Cash, cash equivalents and restricted cash	$	834,716	$	834,716	$	834,716	$	—	$	—
Investment securities available-for-sale, at fair value	1,210,665		1,210,665		695,844		511,765		3,056
Investment securities held-to-maturity, at amortized cost	48,634		48,831		—		33,591		15,240
Loans held-for-sale, at fair value	54,379		54,379		—		—		54,379
Loans held-for-sale, at lower of cost or fair value	411,095		411,146		—		—		411,146
Loans held for investment, at fair value	3,481		3,481		—		—		3,481
Loans held for investment, at amortized cost	5,541,251		5,547,241		—		—		5,547,241
Other earning assets	50,479		46,745		—		—		46,745
Accrued interest receivable	46,445		46,445		46,445		—		—
Financial liabilities:
Time deposits	$	1,272,951	$	1,274,054	$	—	$	1,274,054	$	—
Other deposits	5,992,884		5,992,884		5,992,884		—		—
Subordinated debt, net	151,181		151,662		—		151,662		—


	December 31, 2025
(in thousands)	Carrying Amount		Estimated Fair Value		Quoted Prices in Active Markets for Identical Assets/ Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Financial assets:
Cash, cash equivalents and restricted cash	$	648,715	$	648,715	$	648,715	$	—	$	—
Investment securities available-for-sale, at fair value	1,254,887		1,254,887		958,347		291,065		5,475
Investment securities held-to-maturity, at amortized cost	48,834		50,475		—		34,936		15,539
Loans held-for-sale, at fair value	62,251		62,251		—		—		62,251
Loans held-for-sale, at lower of cost or fair value	317,411		317,411		—		—		317,411
Loans held for investment, at fair value	4,645		4,645		—		—		4,645
Loans held for investment, at amortized cost	5,169,248		5,213,899		—		—		5,213,899
Other earning assets	55,928		54,023		—		—		54,023
Accrued interest receivable	55,155		55,155		55,155		—		—
Financial liabilities:
Time deposits	$	1,423,136	$	1,431,710	$	—	$	1,431,710	$	—
Other deposits	5,354,779		5,354,779		5,354,779		—		—
Subordinated debt, net	151,003		146,547		—		146,547		—

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

Share-Based Payment Arrangement [Abstract]

BORROWED FUNDS

6 Months Ended

Jun. 30, 2026

Debt Disclosure [Abstract]

BORROWED FUNDS

NOTE 11 – BORROWED FUNDS

Subordinated Debt

The following table provides information on subordinated debt as of June 30, 2026 and December 31, 2025:


(dollars in thousands)	June 30, 2026		December 31, 2025
2019 Notes, due in 2029 (1)	25,000		25,000
2021 Notes, due in 2032, 4.00%	125,000		125,000
Other subordinated debt, due in 2033 (2)	3,000		3,000
Less: debt issuance costs and discounts	(1,819)		(1,997)
Total subordinated debt	$	151,181	$	151,003

__________________

(1)Borrowings bore interest at an effective rate of 8.05% and 8.18% as of June 30, 2026 and December 31, 2025, respectively.

(2)Borrowings bore interest at an effective rate of 7.31% and 7.47% as of June 30, 2026 and December 31, 2025, respectively.

Other Borrowed Funds

As of June 30, 2026, the Company had an Advances and Security Agreement with the FHLB of Atlanta (“Advances and Security Agreement”) with a maximum borrowing capacity of $423.4 million. As of June 30, 2026 and December 31, 2025, there were no borrowings outstanding under the Advances and Security Agreement. To borrow under the Advances and Security Agreement, the Company must secure the borrowings with qualifying assets. Under the terms of the Advances and Security Agreement, the Company is required to maintain sufficient collateral to secure these borrowings. As of June 30, 2026, the Company pledged eligible commercial real estate loans with a book value of $619.0 million, eligible multi-family loans with a book value of $78.1 million, eligible 1-4 family first mortgages with a book value of $5.6 million, and eligible home equity loans with a book value of $3.0 million to secure borrowings under the Advances and Security Agreement. The total collateral value assigned by the FHLB for these pledged investments and loans was $423.4 million.

As of June 30, 2026, the Company had a credit line with the Federal Reserve Bank (“FRB Credit Line”) with a maximum borrowing capacity of $1.9 billion. As of June 30, 2026 and December 31, 2025, there were no borrowings outstanding under the FRB Credit Line. To borrow under the FRB Credit Line, the Company must maintain sufficient loan collateral. As of June 30, 2026, the Company pledged commercial and industrial loans with a book value of $1.9 billion and construction loans with a book value of $168.2 million. The total collateral value assigned by the Federal Reserve Bank for these pledged loans was $1.9 billion.

The Company maintains unsecured Fed Funds facilities with three other financial institutions in the aggregate amount of $90.0 million. As of June 30, 2026 and December 31, 2025, there were no borrowings outstanding under these facilities. The Company periodically borrows on its Fed Funds facilities to test its borrowing capabilities and keep the funds available.

LEASES - Lease Cost and Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Components of operating lease expense:
Long-term lease expense	$ 428	$ 798	$ 1,175	$ 1,739
Short-term lease expense	42	19	82	38
Supplemental cash flow information related to leases:
Operating cash flows from operating leases	$ 465	$ 917	$ 1,347	$ 1,856

CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Cash and Cash Equivalents [Line Items]
Cash and due from banks	$ 23,964	$ 16,040
Restricted cash	2,560	2,201
Total cash, due from banks and restricted cash	26,524	18,241
Interest-bearing deposits with banks:	808,192	630,474
Total cash, cash equivalents and restricted cash	834,716	648,715
Federal Reserve Bank
Cash and Cash Equivalents [Line Items]
Interest-bearing deposits with banks:	773,660	601,555
Other Banks
Cash and Cash Equivalents [Line Items]
Interest-bearing deposits with banks:	$ 34,532	$ 28,919

STOCK-BASED COMPENSATION

6 Months Ended

Jun. 30, 2026

STOCK-BASED COMPENSATION

NOTE 15 – STOCK-BASED COMPENSATION

As of June 30, 2026, the Company had the 2026 Omnibus Incentive Plan (“2026 Plan”), and the Employee Stock Purchase Program (“ESPP”), which were both effective as of June 11, 2026, and the Company’s 2014 Stock Incentive Plan (the “2014 Plan”).

The 2026 Plan allows the Company to grant stock-based awards, including restricted stock awards, restricted stock units, stock options, stock appreciation rights, stock bonuses, and other stock-based awards. At adoption, the 2026 Plan allowed for 5,268,702 shares of Voting Common Stock to be issued, and will terminate on June 11, 2036, ten years following the effective date. The total shares of Voting Common Stock available under the 2026 Plan is subject to an annual increase. As of June 30, 2026, there were 5,231,676 shares remaining to be issued under the 2026 Plan.

The 2014 Plan was adopted on June 25, 2014, and has a termination date of March 27, 2036, with 351,204 shares remaining unissued under the 2014 Plan. Effective as of June 11, 2026, the Company does not intend to grant additional share-based awards under the 2014 Plan, however, all awards granted under the 2014 Plan will continue to be administered under the 2014 Plan until all awards are vested, forfeited or exercised.

Subject to the Board declaring an offering, the ESPP allows employees to participate in the ownership of the Company by providing employees, excluding highly-compensated employees, an opportunity to purchase shares of

Voting Common Stock at a discount. At adoption, the ESPP allows for 987,881 shares of Voting Common Stock to be purchased, and may be terminated at any time by the administrator. The total shares of Voting Common Stock available for purchase under the ESPP is subject to an annual increase. To participate, employees must meet minimum service requirements, including years of prior service, and ongoing annual and weekly service thresholds. Eligible employees may elect to defer between 1% and 15% of their eligible compensation for the purchase of Voting Common Stock during offering periods. The offering periods and purchase price, which are both subject to certain limitations, will be established at the discretion of the Company. As of June 30, 2026, no offerings have been declared under the ESPP.

The Company believes that share-based compensation better aligns the interests of its employees with those of its stockholders. For a description of the terms of the 2014 Plan, 2026 Plan, and ESPP, refer to the Company's Registration Statement on Form S-1.

Stock-based compensation expense is recognized using the graded method over the vesting period of the stock option, restricted stock award, or restricted stock unit granted. During the three and six months ended June 30, 2026, expense of $4.5 million and $7.3 million, respectively, was recognized associated with stock options, restricted stock awards, and restricted stock units. During the three and six months ended June 30, 2025, expense of $2.2 million and $4.3 million, respectively, was recognized associated with stock options and restricted stock awards.

Stock Options

Stock option awards are granted with an exercise price equal to the fair value of the Company’s Voting Common Stock at the date of grant; those option awards vest based on one to five years of continuous service and have 10-year contractual terms. Certain options provide for accelerated vesting if there is a change in control or other qualifying events. Stock options issued can require meeting certain performance criteria prior to exercise.

The fair values of options granted during the six months ended June 30, 2026 and June 30, 2025, were determined using the Black-Scholes option-pricing model. For stock options that are subject to exercise conditions in addition to the grant date exercise price, the Black-Scholes option pricing model was used in conjunction with (i) a Monte Carlo Simulation model for determining stock price values and (ii) probability weights for scenarios where the Company either remains independent or is acquired. The description of the exercise conditions that apply to certain series of options is more fully described in the 2014 Plan.

The following table presents the assumptions used to determine the fair value of the options granted during the six months ended June 30, 2026 and 2025:


	June 30, 2026				June 30, 2025
	Black-Scholes		Monte Carlo		Black-Scholes		Monte Carlo
Volatility	45	%	45	%	40	%	40	%
Expected dividend yield	—	%	—	%	—	%	—	%
Expected term	6.5 years		1.75 - 10.0 years		6.5 years		2.25 - 10.0 years
Risk-free rate	3.89	%	3.47% - 4.18%		4.46	%	4.25% - 4.58%

An active market for the Company’s common stock did not exist until the completion of the Company’s IPO on June 11, 2026, therefore the expected volatility in the tables above is based on the average annual historical volatility of common stock for comparable public banks in the banking industry. The estimated option life is derived from the “simplified method” formula, or from simulation results for options valued using Monte Carlo Simulation. The risk-free rate is based upon the U.S. Treasury note rate in effect at the time of grant. The expected dividend yield is based upon implied and historical dividend declarations.

A summary of the activity of options outstanding for the six months ended June 30, 2026, is presented in the following table:


(dollars in thousands, except per share amounts)	Shares	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding as of December 31, 2025	9,809,692	$	14.61	5.6 years	$	54,150

Granted	85,000	$	20.13


Outstanding as of March 31, 2026	9,894,692	$	14.82	5.4 years	$	52,577
Granted	61,000	$	19.43
Exercised	(36,400)	$	15.17		$	180
Forfeited or expired	(11,200)	$	12.63
Outstanding as of June 30, 2026	9,908,092	$	14.84	5.1 years	$	34,426










Exercisable as of June 30, 2026	7,119,326	$	15.23	4.9 years	$	21,771

Of the 9,908,092 outstanding options, 2,335,736 options with a weighted average exercise price of $13.00 were subject to conditions with respect to stock price levels that must be satisfied to exercise the options, as more fully described in the 2014 Plan.

A summary of the activity of unvested stock options for the six months ended June 30, 2026, is presented in the following table:


	Shares	Weighted-Average Grant-Date Fair Value
Unvested as of December 31, 2025	2,233,040	$	4.49

Granted	85,000	$	10.17
Vested	(135,500)	$	4.92

Unvested as of March 31, 2026	2,182,540	$	4.69
Granted	61,000	$	9.77
Vested	(1,637,640)	$	4.10
Forfeited	(11,200)	$	4.01
Unvested as of June 30, 2026	594,700	$	6.83

The total fair value of stock options vested was $6.7 million and $7.4 million during the three and six months ended June 30, 2026, and $6.7 million and $7.4 million during the three and six months ended June 30, 2025, respectively. As of June 30, 2026, there was $2.6 million of unrecognized compensation cost related to stock options, which is expected to be recognized over a weighted-average period of 2.5 years.

Restricted Stock Awards

The Company granted 1,124,985 restricted stock awards during the six months ended June 30, 2026. The restricted stock awards granted during the six months ended June 30, 2026 vest over three years.

The following table summarizes the unvested restricted stock awards activity for the six months ended June 30, 2026:


	Shares	Weighted-Average Grant-Date Fair Value
Unvested as of December 31, 2025	396,022	$	16.76

Granted	181,860	$	20.13
Vested	(91,532)	$	16.78

Unvested as of March 31, 2026	486,350	$	18.02
Granted	943,125	$	19.43

Forfeited	(3,488)	$	17.96
Unvested as of June 30, 2026	1,425,987	$	18.95

As of June 30, 2026, there was $20.9 million of unrecognized compensation cost related to unvested restricted stock awards, which is expected to be recognized over a weighted-average period of 1.8 years.

Restricted Stock Units

The Company granted 37,026 restricted stock units during the six months ended June 30, 2026. The restricted stock units granted during the six months ended June 30, 2026 vest over 1.3 years.

The following table summarizes the unvested restricted stock units activity for the six months ended June 30, 2026:


	Shares	Weighted-Average Grant-Date Fair Value
Unvested as of December 31, 2025	—	$	—





Unvested as of March 31, 2026	—	$	—
Granted	37,026	$	18.00


Unvested as of June 30, 2026	37,026	$	18.00

As of June 30, 2026, there was $0.6 million of unrecognized compensation cost related to unvested restricted stock units, which is expected to be recognized over a weighted-average period of 1.2 years.

ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME (Tables)

6 Months Ended

Jun. 30, 2026

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents the activity in Accumulated other comprehensive income/(loss) for the three and six months ended June 30, 2026 and 2025:


(in thousands)	Total		Tax Effect		Net
Investment securities available-for-sale:

Balance as of March 31, 2026	$	(3,214)	$	834	$	(2,380)
Unrealized losses, net	(4,837)		1,249		(3,588)
Reclassification of net losses on investments available-for-sale to earnings	—		—		—
Balance as of June 30, 2026	$	(8,051)	$	2,083	$	(5,968)

Balance as of March 31, 2025	$	1,169	$	(293)	$	876
Unrealized losses, net	(2,511)		640		(1,871)
Reclassification of net losses on investments available-for-sale to earnings	—		—		—
Balance as of June 30, 2025	$	(1,342)	$	347	$	(995)


Balance as of December 31, 2025	$	4,075	$	(1,051)	$	3,024
Unrealized losses, net	(12,126)		3,134		(8,992)

Balance as of June 30, 2026	$	(8,051)	$	2,083	$	(5,968)

Balance as of December 31, 2024	$	(596)	$	153	$	(443)
Unrealized gains, net	448		(107)		341
Reclassification of net gains on investments available-for-sale to earnings	(1,194)		301		(893)
Balance as of June 30, 2025	$	(1,342)	$	347	$	(995)

FAIR VALUE OF FINANCIAL INSTRUMENTS - Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Assets
Beginning balance	$ 65,400	$ 114,983	$ 72,371	$ 121,121
Additions	0	8,938	2,918	15,187
Sales	0	(7,755)	(118)	(10,790)
Pay-downs/ Maturities/ Calls	(6,592)	(22,760)	(15,929)	(32,745)
Transfers	0	0	0	0
Earnings	2,080	(361)	1,620	204
Other Comprehensive Loss	28	(221)	54	(153)
Ending balance	60,916	92,824	60,916	92,824
Liabilities
Beginning balance	0	0	0	0
Additions	0	0	0	0
Sales	0	0	0	0
Pay-downs/ Maturities/ Calls	0	0	0	0
Transfers	0	0	0	0
Earnings	0	0	0	0
Other Comprehensive Loss	0	0	0	0
Ending balance	0	0	0	0
Investment securities available-for-sale - Other
Assets
Beginning balance	3,028	5,533	5,475	5,465
Additions	0	0	0	0
Sales	0	0	0	0
Pay-downs/ Maturities/ Calls	0	0	(2,473)	0
Transfers	0	0	0	0
Earnings	0	0	0	0
Other Comprehensive Loss	28	(221)	54	(153)
Ending balance	3,056	5,312	3,056	5,312
Loans held-for-sale at fair value
Assets
Beginning balance	57,817	102,765	62,251	108,575
Additions	0	8,938	2,414	15,187
Sales	0	(7,755)	(118)	(10,790)
Pay-downs/ Maturities/ Calls	(4,839)	(21,870)	(10,999)	(31,530)
Transfers	0	(157)	(151)	(157)
Earnings	1,401	(409)	982	227
Other Comprehensive Loss	0	0	0	0
Ending balance	54,379	81,512	54,379	81,512
Loans held for investment at fair value
Assets
Beginning balance	4,555	6,685	4,645	7,081
Additions	0	0	504	0
Sales	0	0	0	0
Pay-downs/ Maturities/ Calls	(1,753)	(890)	(2,457)	(1,215)
Transfers	0	157	151	157
Earnings	679	48	638	(23)
Other Comprehensive Loss	0	0	0	0
Ending balance	$ 3,481	$ 6,000	$ 3,481	$ 6,000

REGULATORY MATTERS (Details) $ in Thousands	Jun. 30, 2026 USD ($)	Dec. 31, 2025 USD ($)
Parent Company \| Actual
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 leverage capital, actual, amount	$ 841,241	$ 748,650
Tier 1 leverage capital ratio, actual	0.1038	0.0979
Total capital to risk-weighted assets ratio, amount	$ 1,041,003	$ 934,965
Total capital to risk-weighted assets ratio	0.1605	0.1589
Tier 1 capital to risk-weighted assets ratio, amount	$ 841,241	$ 748,650
Tier 1 capital to risk-weighted assets ratio	0.1297	0.1272
Tier 1 capital to risk-weighted assets ratio, amount	$ 841,241	$ 748,650
Common Equity Tier 1 to risk weighted-assets ratio	0.1297	0.1272
Parent Company \| To Be Well Capitalized Under Prompt Corrective Action Provisions (CBLR Framework)
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 leverage capital, well capitalized, minimum, amount	$ 729,154	$ 688,367
Tier 1 leverage capital ratio, well capitalized, minimum	0.0900	0.0900
Subsidiaries \| Actual
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 leverage capital, actual, amount	$ 909,300	$ 848,960
Tier 1 leverage capital ratio, actual	0.1124	0.1111
Total capital to risk-weighted assets ratio, amount	$ 967,774	$ 894,305
Total capital to risk-weighted assets ratio	0.1498	0.1514
Tier 1 capital to risk-weighted assets ratio, amount	$ 909,300	$ 848,960
Tier 1 capital to risk-weighted assets ratio	0.1408	0.1437
Tier 1 capital to risk-weighted assets ratio, amount	$ 909,300	$ 848,960
Common Equity Tier 1 to risk weighted-assets ratio	0.1408	0.1437
Subsidiaries \| To Be Well Capitalized Under Prompt Corrective Action Provisions (CBLR Framework)
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 leverage capital, well capitalized, minimum, amount	$ 727,930	$ 687,907
Tier 1 leverage capital ratio, well capitalized, minimum	0.0900	0.0900

OTHER NON-INTEREST INCOME AND NON-INTEREST EXPENSE (Tables)

6 Months Ended

Jun. 30, 2026

Other Income and Expenses [Abstract]

Schedule of Other Noninterest Income (Expense)

The following tables present selected components of other non-interest income and other non-interest expense for the three and six months ended June 30, 2026 and 2025:


	For the Three Months Ended				For the Six Months Ended
(in thousands)	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Trust administration	$	7,324	$	—	$	11,588	$	—
Rental income	1,225		—		1,225		—
Net fee on FHA/HUD originations	996		2,277		1,262		5,536
Program fees	492		1,087		1,084		2,083
Deposit fees	439		263		743		519
Other non-interest income	(137)		(189)		(893)		(91)
Total other non-interest income	$	10,339	$	3,438	$	15,009	$	8,047


	For the Three Months Ended				For the Six Months Ended
(in thousands)	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Referral fees	$	323	$	523	$	683	$	988
Other non-interest expense	3,891		3,548		6,530		5,908
Total other non-interest expense	$	4,214	$	4,071	$	7,213	$	6,896

BORROWED FUNDS - Narrative (Details) $ in Thousands	Jun. 30, 2026 USD ($) financialInstitution	Dec. 31, 2025 USD ($)
Debt Instrument [Line Items]
Investments and loans to secure borrowings	$ 5,541,251	$ 5,169,248
Line of Credit \| FHLB Credit Line
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	423,400
Long-term line of credit	0	0
Line of Credit \| FHLB Credit Line \| Asset Pledged as Collateral
Debt Instrument [Line Items]
Investments and loans to secure borrowings	423,400
Line of Credit \| FHLB Credit Line \| Asset Pledged as Collateral \| Commercial Real Estate
Debt Instrument [Line Items]
Investments and loans to secure borrowings	619,000
Line of Credit \| FHLB Credit Line \| Asset Pledged as Collateral \| Multi-Family Loan
Debt Instrument [Line Items]
Investments and loans to secure borrowings	78,100
Line of Credit \| FHLB Credit Line \| Asset Pledged as Collateral \| Residential Mortgage
Debt Instrument [Line Items]
Investments and loans to secure borrowings	5,600
Line of Credit \| FHLB Credit Line \| Asset Pledged as Collateral \| Home Equity Loan
Debt Instrument [Line Items]
Investments and loans to secure borrowings	3,000
Line of Credit \| FRB Credit Line
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	1,900,000
Long-term line of credit	0	0
Line of Credit \| FRB Credit Line \| Asset Pledged as Collateral
Debt Instrument [Line Items]
Investments and loans to secure borrowings	1,900,000
Line of Credit \| FRB Credit Line \| Asset Pledged as Collateral \| Commercial and Industrial Loan
Debt Instrument [Line Items]
Investments and loans to secure borrowings	1,900,000
Line of Credit \| FRB Credit Line \| Asset Pledged as Collateral \| Construction Loans
Debt Instrument [Line Items]
Investments and loans to secure borrowings	168,200
Line of Credit \| Unsecured Fed Funds Facilities
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	90,000
Long-term line of credit	$ 0	$ 0
Number of financial institutions as counterparties to facilities \| financialInstitution	3

STOCKHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2026

Equity [Abstract]

STOCKHOLDERS' EQUITY

NOTE 12 – STOCKHOLDERS' EQUITY

The Company’s Articles of Incorporation authorizes 108,200,000 shares of stock, consisting of 51,600,000 shares of Voting Common Stock, par value $0.001 per share (“Voting Common Stock” or “Class A”) and 51,600,000 shares of Non-Voting Common Stock, par value $0.001 per share (“Non-Voting Common Stock” or “Class B” and, together with the Voting Common Stock, “common stock”) and 5,000,000 shares of preferred stock, par value $0.001 (“Preferred Stock”).

As of June 30, 2026, the Company had 28,949,031 shares of Voting Common Stock, 20,748,177 shares of Non-Voting Common Stock, and no shares of Preferred Stock issued and outstanding. During the three months ended

June 30, 2026, certain shareholders exercised their right to convert 494,374 shares of Non-Voting Common Stock to Voting Common Stock.

On June 11, 2026, the Company issued an additional 7,900,000 shares of Voting Common Stock for net proceeds of $131.0 million, net of offering costs of $11.2 million in connection with the Company’s IPO.

On July 14, 2026, the Company issued an additional 1,012,085 shares of Voting Common Stock for net proceeds of $17.1 million, net of offering costs of $1.1 million in connection with the exercise of the over allotment option.

Certain shares of common stock issued and outstanding include unvested restricted stock awards granted to employees. These restricted shares are legally issued and carry voting rights equivalent to vested shares of common stock, notwithstanding that such shares are subject to forfeiture until vesting conditions are satisfied. While these shares are considered legally outstanding and included within common stock outstanding, these shares are excluded from basic earnings per share and will be included within the diluted earnings per share calculation. See Note 15 – Stock-based Compensation and Note 18 – Earnings Per Common Share for more information.

NOTE 13 – ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME

The Company’s Accumulated other comprehensive income/(loss) is comprised of unrealized gains and losses associated with investment securities available for-sale. Gains and losses on investment securities available-for-sale are reclassified to earnings as the gains or losses are realized.

The following table presents the activity in Accumulated other comprehensive income/(loss) for the three and six months ended June 30, 2026 and 2025:


(in thousands)	Total		Tax Effect		Net
Investment securities available-for-sale:

Balance as of March 31, 2026	$	(3,214)	$	834	$	(2,380)
Unrealized losses, net	(4,837)		1,249		(3,588)
Reclassification of net losses on investments available-for-sale to earnings	—		—		—
Balance as of June 30, 2026	$	(8,051)	$	2,083	$	(5,968)

Balance as of March 31, 2025	$	1,169	$	(293)	$	876
Unrealized losses, net	(2,511)		640		(1,871)
Reclassification of net losses on investments available-for-sale to earnings	—		—		—
Balance as of June 30, 2025	$	(1,342)	$	347	$	(995)


Balance as of December 31, 2025	$	4,075	$	(1,051)	$	3,024
Unrealized losses, net	(12,126)		3,134		(8,992)

Balance as of June 30, 2026	$	(8,051)	$	2,083	$	(5,968)

Balance as of December 31, 2024	$	(596)	$	153	$	(443)
Unrealized gains, net	448		(107)		341
Reclassification of net gains on investments available-for-sale to earnings	(1,194)		301		(893)
Balance as of June 30, 2025	$	(1,342)	$	347	$	(995)

The entire disclosure for equity.

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SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION (Policies)	6 Months Ended
	Jun. 30, 2026
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and six months ended June 30, 2026, are not necessarily indicative of the results that may be expected for the year ending December 31, 2026. The Consolidated Balance Sheet as of December 31, 2025, has been derived from the audited Consolidated Financial Statements as of that date. For further information, refer to the Consolidated Financial Statements and footnotes thereto included in the Company’s Registration Statement on Form S-1.
Concentrations of Credit Risk	Concentrations of Credit Risk The Company’s portfolio consists primarily of commercial loans to small and medium-sized, privately owned businesses in a variety of industries and markets. As of June 30, 2026, the single largest industry concentration in the Company’s loan portfolio was healthcare. The Company does not have any concentrations involving loan products or loan terms. Additionally, the Company does not have concentrations of loans with negative amortization schedules, significant payment increases, or high loan-to-value ratios.
Segment Information	Segment Information Operating segments are defined as components of an enterprise about which separate financial information is evaluated regularly by the Chief Operating Decision Maker (“CODM”), the Company’s Chief Executive Officer, in deciding how to allocate resources and assessing performance. During the three and six months ended June 30, 2026 and 2025, all operations were within the United States. The CODM allocates resources and assesses performance based upon financial information at the entity-wide level. Since the CODM makes operating decisions and allocates resources on an entity-wide basis, the Company operates as one operating segment and one reportable segment. The primary financial measure used by the CODM to evaluate performance and allocate resources is consolidated net income as shown on the Consolidated Statements of Income. Segment expenses and other segment items are provided to the CODM on the same basis as disclosed in the Consolidated Statements of Income.
Premises and Equipment	Premises and Equipment Premises and equipment are reported at cost less accumulated depreciation and amortization. Depreciation and amortization are recorded using the straight-line method over the estimated useful life of the related asset as follows: buildings are depreciated over 39 years; furniture, fixtures, and computer and other equipment over three to 15 years; software over three years; leasehold improvements and tenant improvements are recognized over the lesser of the estimated useful life of the improvement or the term of the associated lease. Maintenance and repairs are recognized as incurred in Occupancy expense in non-interest expense in the Consolidated Statements of Income. The Company has developed and implemented proprietary software for internal use of loan management and a digital banking platform. Although the loan management software has been implemented for its original use, the capabilities are continually expanded. As new capabilities are implemented the cost of the new capabilities are capitalized and amortized over the remaining useful life of the software. See Note 7 – Premises and Equipment for more information.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill represents the excess of the purchase price over the sum of the estimated fair values of tangible and identifiable intangible assets acquired less the estimated fair value of the liabilities assumed in a business combination. Goodwill is not amortized, but is evaluated for impairment, by analyzing certain qualitative factors to determine if it is more likely than not to be impaired. If it is determined that it is more likely than not that goodwill may be impaired, then a quantitative analysis is performed to calculate the amount of the impairment, if any. To the extent an impairment is calculated, it is recognized in earnings in the period of the impairment. Core deposit intangibles represent the estimated fair value of long-term acquired deposit relationships. Customer relationship intangibles represent the estimated fair value of acquired long-term customer relationships. The Company amortizes customer relationship intangible assets over the respective intangible asset’s estimated useful life, which ranges from eight years to 20 years for the Company’s currently amortizing intangible assets. In-place lease intangibles and above/below market rent intangibles are amortized over the life of the associated acquired lease. Amortization for above/below market rent intangibles is included as a reduction to Rental income in Other non-interest income in the Consolidated Statements of Income. All other amortization is included in Other non-interest expense in the Consolidated Statements of Income. Intangible assets are periodically reviewed for triggering events that would indicate possible impairment. The Company’s annual impairment test date is October 1st. As of October 1, 2025, the Company determined that goodwill and other intangible assets were not impaired. Additionally, the Company determined that from the assessment date to the end of the period, no events or circumstances have occurred that would indicate there was a more likely than not impairment of its goodwill or other intangible assets. See Note 8 – Goodwill and Other Intangible Assets for more information.
Leases	Leases Lessor In its capacity as a lessor, the Company accounts for lease arrangements in accordance with ASC 842 - Leases. Commercial office and retail space leases to third-party tenants located in the Company’s corporate headquarters are classified as operating leases. The underlying asset is included in Premises and equipment, net, in the Consolidated Balance Sheets, and is depreciated on a straight-line basis over the asset’s useful life. Fixed lease income is recognized on a straight-line basis over the non-cancelable term of the underlying lease as Other non-interest income in the Consolidated Statements of Income.
Advertising	Advertising Advertising costs are expensed as incurred and included in advertising and marketing in the Consolidated Statements of Income, and were $2.4 million and $4.5 million for the three and six months ended June 30, 2026, respectively, and $1.4 million and $4.0 million for the three and six months ended June 30, 2025, respectively.
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with ASC 740 - Income Taxes. The Company’s effective tax rate was 69.0% and 40.6% for the three and six months ended June 30, 2026, respectively, and 26.6% and 26.3% for the three and six months ended June 30, 2025, respectively. The customary relationship between tax expense and pre-tax income is significantly higher during the three and six months ended June 30, 2026, primarily due to the effects of becoming subject to Internal Revenue Service code 162(m) as a result of the initial public offering (“IPO”), and accretion of the deferred credit to reduce tax expense related to the Solar Servicing business acquisition. See Management’s Discussion and Analysis of Results of Operations and Financial Condition – Results of Operations – Income Taxes for more details on the items that impacted income tax expense during the period. The income tax returns of the Company for 2022, 2023, and 2024 are subject to examination by income taxing authorities, generally for three years after they were filed. If the Company identifies an uncertain tax position, an accrual for the estimated tax is recognized in the period the potential tax is identified. The Company has elected to recognize any estimated penalties and interest expense on its income tax liabilities as a component of its provision for income taxes.
Stock-based Compensation	Stock-based Compensation All the Company’s stock options and other equity-based compensation arrangements are classified as equity awards as of June 30, 2026 and December 31, 2025.
Subsequent Events	Subsequent Events Management has considered the occurrence of subsequent events through August 13, 2026, the date the Consolidated Financial Statements were available to be issued, and determined that the settlement on July 14, 2026 of the overallotment option related to the IPO met the requirements for disclosure.
New Accounting Standards	New Accounting Standards Accounting Standard Adopted in 2025 In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires the disclosure of disaggregated information about an entity’s income tax rate reconciliation as well as income taxes paid and income tax expense. The Company adopted the standard on January 1, 2025, on a prospective basis. The adoption did not have a material impact on the Company’s Consolidated Financial Statements. Accounting Standards Pending Adoption In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Topic 220): Disaggregation of Income Statement Expenses, which requires the disaggregated disclosure of certain income statement categories. The amendments are effective for fiscal years beginning after December 15, 2026, with early adoption permitted. The amendments should be applied either prospectively to financial statements issued for reporting periods after the effective date, or retrospectively to any or all prior periods presented in the financial statements. The Company is in the process of evaluating the impact of this pronouncement, but does not anticipate it having a material impact on its disclosures. In September 2025, the FASB issued ASU 2025-06, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which modernizes the rules for capitalizing internal-use software. The amendments are effective for fiscal years beginning after December 15, 2027, with early adoption permitted. The amendments can be applied using a prospective approach, a retrospective approach, or a modified approach that bases the adoption of the amendments on the completion status of the software project as of the adoption date. The Company is in the process of evaluating the impact of this pronouncement. In November 2025, the FASB issued ASU 2025-08, Financial Instruments-Credit Losses (Topic 326): Purchased Loans, which provides targeted improvements to the accounting for purchased loans, including clarification on the recognition and measurement of credit losses for acquired financial assets. The amendments are effective for fiscal years beginning after December 15, 2026, with early adoption permitted. The amendments should be applied prospectively to loans acquired after the initial adoption date. The Company is in the process of evaluating the impact of this pronouncement. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material, if any, impact on the Company’s Consolidated Financial Statements.

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK, COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
Reserve for unfunded commitments	$ 3.6	$ 2.7

LOANS

6 Months Ended

Jun. 30, 2026

LOANS

NOTE 4 – LOANS

The Company manages its exposure to credit losses by evaluating credit risk across its three loan categories: Commercial Real Estate; Commercial and Industrial; and Consumer. For descriptions of each loan category, refer to the annual Consolidated Financial Statements included in the Company’s Registration Statement on Form S-1.

Loans Held-for-Sale

As of June 30, 2026 and December 31, 2025, the Company had $465.5 million and $379.7 million of loans held-for-sale, respectively. The table below presents the proceeds received from the sales of loans held-for-sale, net realized gains and losses, and net unrealized gains and losses related to loans-held-for sale for the three and six months ended June 30, 2026 and 2025. Realized gains are recognized in Gains on sales of loans and investment securities, net in the Consolidated Statements of Income. Unrealized (losses)/gains, net related to loans held-for-sale are included with Unrealized (losses)/gains on loans and financing receivables, net in the Consolidated Statements of Income.



	For the Three Months Ended				For the Six Months Ended
(in thousands)	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Proceeds from sales	$	43,461	$	108,858	$	86,307	$	167,631
Realized gains	$	252	$	344	$	218	$	976
Unrealized (losses)/gains, net	$	(770)	$	100	$	(2,010)	$	1,195

The following tables present, by loan category, the carrying amount and unpaid contractual balance of the Company’s loans held-for-sale as of June 30, 2026 and December 31, 2025:


	June 30, 2026
	Loans Held-for-Sale at Fair Value				Loans Held-for-Sale at Lower of Cost or Fair Value				Total Loans Held-for-Sale
(in thousands)	Carrying Amount		Unpaid Contractual Balance		Carrying Amount		Unpaid Contractual Balance		Carrying Amount		Unpaid Contractual Balance
Commercial and Industrial	$	54,379	$	57,233	$	411,095	$	415,842	$	465,474	$	473,075


Total loans held-for-sale	$	54,379	$	57,233	$	411,095	$	415,842	$	465,474	$	473,075


	December 31, 2025
	Loans Held-for-Sale at Fair Value				Loans Held-for-Sale at Lower of Cost or Fair Value				Total Loans Held-for-Sale
(in thousands)	Carrying Amount		Unpaid Contractual Balance		Carrying Amount		Unpaid Contractual Balance		Carrying Amount		Unpaid Contractual Balance
Commercial and Industrial	$	62,251	$	65,281	$	317,411	$	321,295	$	379,662	$	386,576


Total loans held-for-sale	$	62,251	$	65,281	$	317,411	$	321,295	$	379,662	$	386,576

Loans Held for Investment at Amortized Cost

Loans held for investment at amortized cost, by loan category, as of June 30, 2026 and December 31, 2025, are presented in the following table:


(in thousands)	June 30, 2026		December 31, 2025
Commercial Real Estate	$	2,849,478	$	2,528,996
Commercial and Industrial	2,541,275		2,475,549
Consumer	205,119		217,689
Total loans held for investment at amortized cost	$	5,595,872	$	5,222,234

Total outstanding loans held for investment at amortized cost are net of deferred fees and costs of $54.3 million and $54.7 million as of June 30, 2026 and December 31, 2025, respectively.

Total outstanding loans held for investment at amortized cost excludes accrued interest receivable of $31.2 million and $32.1 million as of June 30, 2026 and December 31, 2025, respectively.

Loans to Related Parties

From time to time, the Company has loan transactions with some of its officers, directors, and material investors, and their immediate family members and affiliated entities. There were no loans in the ordinary course of business due from related parties as of June 30, 2026 and December 31, 2025. See Note 19 – Related Party Transactions for more information.

NOTE 5 – CREDIT QUALITY ASSESSMENT

Allowance for Credit Losses - Loans Held for Investment at Amortized Cost

For a description of the Company's accounting policy for the allowance for credit losses (“ACL”), refer to the annual Consolidated Financial Statements included in the Company's Registration Statement on Form S-1.

The following table summarizes the activity in the allowance for credit losses for loans held for investment at amortized cost for the three and six months ended June 30, 2026 and 2025:


	For the Three Months Ended				For the Six Months Ended
(in thousands)	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Beginning of period	$	52,794	$	46,868	$	52,986	$	42,294
Provision for credit losses on loans	4,521		3,106		8,388		11,519
Provision for credit losses on loan transfers from loans held-for-sale	—		29		17		97
Loan charge-offs	(3,089)		(2,593)		(7,976)		(7,026)
Loan recoveries	395		898		1,206		1,424
Net charge-offs	(2,694)		(1,695)		(6,770)		(5,602)
End of period	$	54,621	$	48,308	$	54,621	$	48,308

Loans held-for-sale and loans held for investment at fair value do not require an allowance because they are carried at fair value and any changes to the cost basis in the loan are recognized in earnings, as unrealized gains or losses in non-interest income, in the period of the change.

The following tables detail activity in the allowance for credit losses for loans held for investment carried at amortized cost, by loan category, for the three and six months ended June 30, 2026:


	For the Three Months Ended June 30, 2026

(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Allowance for credit losses:
Beginning of period	$	19,566	$	25,535	$	7,693	$	52,794
Provision for credit losses on loans	329		1,467		2,725		4,521

Loan charge-offs	—		(1,736)		(1,353)		(3,089)
Loan recoveries	—		131		264		395
Net charge-offs	—		(1,605)		(1,089)		(2,694)
End of period	$	19,895	$	25,397	$	9,329	$	54,621


	For the Six Months Ended June 30, 2026

(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Allowance for credit losses:
Beginning of period	$	18,639	$	26,023	$	8,324	$	52,986
Provision for credit losses on loans	1,256		3,250		3,882		8,388
Provision for credit losses on loan transfers from loans held-for-sale	—		17		—		17
Loan charge-offs	—		(4,566)		(3,410)		(7,976)
Loan recoveries	—		673		533		1,206
Net charge-offs	—		(3,893)		(2,877)		(6,770)
End of period	$	19,895	$	25,397	$	9,329	$	54,621


	June 30, 2026

(dollars in thousands)	Commercial Real Estate			Commercial and Industrial			Consumer			Total
Individually evaluated for credit loss	$	1,431		$	930		$	—		$	2,361
Collectively evaluated for credit loss	18,464			24,467			9,329			52,260
Total allowance for credit losses	$	19,895		$	25,397		$	9,329		$	54,621

Loans held for investment at amortized cost:
Individually evaluated for credit loss	$	128,324		$	19,150		$	2,035		$	149,509
Collectively evaluated for credit loss	2,721,154			2,522,125			203,084			5,446,363
Total loans held for investment at amortized cost	$	2,849,478		$	2,541,275		$	205,119		$	5,595,872

Allowance for loans to loan type ratio:
Individually evaluated for credit loss	1.12		%	4.86		%	—		%	1.58		%
Collectively evaluated for credit loss	0.68		%	0.97		%	4.59		%	0.96		%
Total loans held for investment at amortized cost	0.70		%	1.00		%	4.55		%	0.98		%

The following tables detail activity in the allowance for credit losses for loans held for investment carried at amortized cost, by loan category, for the three and six months ended June 30, 2025:


	For the Three Months Ended June 30, 2025

(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Allowance for credit losses:
Beginning of period	$	13,819	$	22,553	$	10,496	$	46,868
Provision for credit losses on loans	1,753		572		781		3,106
Provision for/(recovery of) credit losses on loan transfers from/(to) loans held-for-sale	30		(1)		—		29
Loan charge-offs	—		(473)		(2,120)		(2,593)
Loan recoveries	—		738		160		898
Net recoveries/(charge-offs)	—		265		(1,960)		(1,695)
End of period	$	15,602	$	23,389	$	9,317	$	48,308


	For the Six Months Ended June 30, 2025

(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Allowance for credit losses:
Beginning of period	$	12,078	$	19,380	$	10,836	$	42,294
Provision for credit losses on loans	3,432		6,636		1,451		11,519
Provision for credit losses on loan transfers from loans held-for-sale	92		5		—		97
Loan charge-offs	—		(3,580)		(3,446)		(7,026)
Loan recoveries	—		948		476		1,424
Net charge-offs	—		(2,632)		(2,970)		(5,602)
End of period	$	15,602	$	23,389	$	9,317	$	48,308


	June 30, 2025

(dollars in thousands)	Commercial Real Estate			Commercial and Industrial			Consumer			Total
Individually evaluated for credit loss	$	95		$	1,545		$	—		$	1,640
Collectively evaluated for credit loss	15,507			21,844			9,317			46,668
Total allowance for credit losses	$	15,602		$	23,389		$	9,317		$	48,308

Loans held for investment at amortized cost:
Individually evaluated for credit loss	$	88,193		$	81,836		$	1,274		$	171,303
Collectively evaluated for credit loss	1,919,940			2,025,891			359,233			4,305,064
Total loans held for investment at amortized cost	$	2,008,133		$	2,107,727		$	360,507		$	4,476,367

Allowance for loans to loan type ratio:
Individually evaluated for credit loss	0.11		%	1.89		%	—		%	0.96		%
Collectively evaluated for credit loss	0.81		%	1.08		%	2.59		%	1.08		%
Total loans held for investment at amortized cost	0.78		%	1.11		%	2.58		%	1.08		%

Credit Quality

The Company uses an internal risk rating system as its primary credit quality indicator, applying ratings on a case-by-case basis for commercial loans and on a collective basis for consumer loans. For a description of the Company's credit quality indicators, refer to the annual Consolidated Financial Statements included in the Company's Registration Statement on Form S-1.

Loans Held for Investment at Amortized Cost


	June 30, 2026
	Loans Held for Investment at Amortized Cost by Year of Origination
(in thousands)	2026		2025		2024		2023		2022		Prior		Revolving Loans		Revolving Loans Converted to Term		Total
Commercial Real Estate:
Acceptable risk (or better)	$	500,396	$	1,203,202	$	333,364	$	56,571	$	197,695	$	235,628	$	974	$	—	$	2,527,830
Higher risk	32,846		—		19,010		—		123,489		54,697		—		—		230,042
Special mention	—		—		—		—		—		—		—		—		—
Substandard	17,509		—		—		—		47,144		26,953		—		—		91,606
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	550,751	$	1,203,202	$	352,374	$	56,571	$	368,328	$	317,278	$	974	$	—	$	2,849,478
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial and Industrial:
Acceptable risk (or better)	$	151,191	$	87,189	$	73,321	$	38,605	$	104,267	$	5,484	$	1,987,518	$	10,101	$	2,457,676
Higher risk	221		217		—		—		20,608		11,573		12,527		—		45,146
Special mention	—		—		59		—		254		1		19,122		—		19,436
Substandard	—		—		1,763		12,562		1,132		411		963		—		16,831
Doubtful	—		1,365		819		—		—		2		—		—		2,186
Total	$	151,412	$	88,771	$	75,962	$	51,167	$	126,261	$	17,471	$	2,020,130	$	10,101	$	2,541,275
Gross charge-offs	$	—	$	—	$	1,718	$	—	$	2,773	$	75	$	—	$	—	$	4,566

Consumer:
Acceptable risk (or better)	$	—	$	—	$	—	$	233	$	55,998	$	134,171	$	5,930	$	—	$	196,332
Higher risk	—		—		—		—		176		4,134		3,070		—		7,380
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		382		1,025		—		—		1,407
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	233	$	56,556	$	139,330	$	9,000	$	—	$	205,119
Gross charge-offs	$	—	$	—	$	—	$	—	$	949	$	2,461	$	—	$	—	$	3,410


Total loans	$	702,163	$	1,291,973	$	428,336	$	107,971	$	551,145	$	474,079	$	2,030,104	$	10,101	$	5,595,872
Total gross charge-offs	$	—	$	—	$	1,718	$	—	$	3,722	$	2,536	$	—	$	—	$	7,976


	December 31, 2025
	Loans Held for Investment at Amortized Cost by Year of Origination
(in thousands)	2025		2024		2023		2022		2021		Prior		Revolving Loans		Revolving Loans Converted to Term		Total
Commercial Real Estate:
Acceptable risk (or better)	$	1,226,416	$	284,180	$	56,976	$	238,490	$	174,345	$	94,808	$	—	$	—	$	2,075,215
Higher risk	—		101,977		—		136,724		130,391		16,425		982		—		386,499
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		40,420		26,862		—		—		—		67,282
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	1,226,416	$	386,157	$	56,976	$	415,634	$	331,598	$	111,233	$	982	$	—	$	2,528,996
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial and Industrial:
Acceptable risk (or better)	$	205,677	$	173,813	$	53,566	$	123,425	$	17,225	$	888	$	1,825,313	$	—	$	2,399,907
Higher risk	144		139		—		21,312		519		—		33,000		—		55,114
Special mention	—		—		—		—		1		—		—		—		1
Substandard	1,431		—		12,452		701		486		2,136		781		—		17,987
Doubtful	—		2,540		—		—		—		—		—		—		2,540
Total	$	207,252	$	176,492	$	66,018	$	145,438	$	18,231	$	3,024	$	1,859,094	$	—	$	2,475,549
Gross charge-offs	$	—	$	1,632	$	171	$	5,493	$	78	$	—	$	—	$	—	$	7,374

Consumer:
Acceptable risk (or better)	$	—	$	1,243	$	483	$	60,909	$	131,188	$	16,681	$	—	$	—	$	210,504
Higher risk	—		—		—		178		249		4,901		—		—		5,328
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		665		977		215		—		—		1,857
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	—	$	1,243	$	483	$	61,752	$	132,414	$	21,797	$	—	$	—	$	217,689
Gross charge-offs	$	—	$	—	$	—	$	3,063	$	4,907	$	70	$	—	$	—	$	8,040

Total loans	$	1,433,668	$	563,892	$	123,477	$	622,824	$	482,243	$	136,054	$	1,860,076	$	—	$	5,222,234
Total gross charge-offs	$	—	$	1,632	$	171	$	8,556	$	4,985	$	70	$	—	$	—	$	15,414


	June 30, 2026
(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Loans 90 days or more past due and still accruing	$	—	$	—	$	—	$	—
Non-accrual loans with no allowance for credit losses	$	45,836	$	2,764	$	14	$	48,614
Non-accrual loans	$	67,312	$	3,752	$	1,407	$	72,471

Contractual interest income on non-accrual loans while on non-accrual status	$	3,526	$	1,313	$	1,395	$	6,234


	December 31, 2025
(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Loans 90 days or more past due and still accruing	$	—	$	—	$	—	$	—
Non-accrual loans with no allowance for credit losses	$	60,361	$	116	$	1,857	$	62,334
Non-accrual loans	$	60,361	$	5,484	$	1,857	$	67,702

Contractual interest income on non-accrual loans while on non-accrual status	$	4,812	$	916	$	1,663	$	7,391

No interest income was recognized on non-accrual loans while on non-accrual status for the six months ended June 30, 2026 and 2025. At the time a loan is designated as non-accrual, the Company reverses any related accrued interest from interest income. During the three and six months ended June 30, 2026, the Company reversed $0.1 million and $0.4 million, respectively, of accrued interest from interest income related to loans designated as non-accrual. During the three months ended June 30, 2025, no accrued interest was reversed from interest income related to loans designated as non-accrual. During the six months ended June 30, 2025, the Company reversed $0.9 million of accrued interest from interest income related to loans designated as non-accrual.


	June 30, 2026
(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Past due loans:
30 - 59 days past due	$	—	$	—	$	1,842	$	1,842
60 - 89 days past due	2,003		—		894		2,897
90 or more days past due	—		—		—		—
Total past due loans	2,003		—		2,736		4,739
Current loans	2,780,163		2,537,523		200,976		5,518,662
Total	$	2,782,166	$	2,537,523	$	203,712	$	5,523,401


	December 31, 2025
(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Past due loans:
30 - 59 days past due	$	32,412	$	42,487	$	2,297	$	77,196
60 - 89 days past due	—		122		1,092		1,214
90 or more days past due	—		—		—		—
Total past due loans	32,412		42,609		3,389		78,410
Current loans	2,436,223		2,427,456		212,443		5,076,122
Total	$	2,468,635	$	2,470,065	$	215,832	$	5,154,532


	June 30, 2026
(in thousands)	Commercial Real Estate		Commercial and Industrial		Total
Collateral type:
Real estate	$	56,345	$	—	$	56,345
Business assets	—		1,368		1,368

Total	$	56,345	$	1,368	$	57,713


	December 31, 2025
(in thousands)	Commercial Real Estate		Consumer		Total
Collateral type:
Real estate	$	49,494	$	188	$	49,682


Total	$	49,494	$	188	$	49,682


	For the Three and Six Months Ended
	June 30, 2026
(dollars in thousands)	Term Extension and Interest Rate Reduction		Total		Modification to Loan Class Ratio		Weighted-Average Term Extension	Weighted-Average Interest Rate Reduction
Commercial Real Estate	$	17,509	$	17,509	0.61	%	2.0 years	1.90	%


Total	$	17,509	$	17,509

As of June 30, 2026, there were no unfunded loan commitments on modifications for borrowers experiencing financial difficulty.

The Company closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. As of June 30, 2026, all loans that were modified to borrowers experiencing financial difficulty during the three and six months ended June 30, 2026, were 30 - 59 days past due.

There were no payment defaults during the three and six months ended June 30, 2026, on loans previously reported as modified.


	For the Three Months Ended
	June 30, 2025
(dollars in thousands)	Term Extension		Total		Modification to Loan Class Ratio		Weighted-Average Term Extension

Commercial and Industrial	$	151	$	151	0.01	%	1.0 year

Total	$	151	$	151


	For the Six Months Ended
	June 30, 2025
(dollars in thousands)	Term Extension		Total		Modification to Loan Class Ratio		Weighted-Average Term Extension

Commercial and Industrial	$	292	$	292	0.01	%	1.0 year

Total	$	292	$	292

As of June 30, 2025, there were no unfunded loan commitments on modifications for borrowers experiencing financial difficulty.

The Company closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. As of June 30, 2025, all loans that were modified to borrowers experiencing financial difficulty during the three and six months ended June 30, 2025, were current and on non-accrual status.

There were no payment defaults during the three and six months ended June 30, 2025, on loans previously reported as modified.

Other Real Estate Owned

The following table presents by class the recorded investment in the Company’s other real estate owned assets (“OREO”) at fair value for the three and six months ended June 30, 2026 and 2025:


	For the Three Months Ended				For the Six Months Ended
(in thousands)	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Balance at beginning of period	$	7,109	$	26,076	$	8,729	$	25,476

Improvements	—		418		—		1,018
Sales	(2,382)		(17,452)		(3,258)		(17,452)
Valuation adjustments	(85)		(589)		(829)		(589)
Balance at end of period	$	4,642	$	8,453	$	4,642	$	8,453

During the three months ended June 30, 2026, the Company sold one OREO asset and a portion of one of its OREO assets with carrying values of $2.4 million for proceeds of $2.4 million resulting in a non-material amount of net loss. During the six months ended June 30, 2026, the Company sold one OREO asset and portions of one of its OREO assets with carrying values of $3.3 million for proceeds of $3.2 million resulting in a net loss of $0.1 million.

During the three and six months ended June 30, 2025, the Company sold two OREO assets with carrying values of $17.5 million for proceeds of $17.8 million resulting in a net gain of $0.3 million. Gains and losses on the sales of OREO assets are included in Other non-interest income in the Consolidated Statements of Income.

There were no transfers into OREO assets during the three and six months ended June 30, 2026 or 2025.

During the three and six months ended June 30, 2026 and 2025, the Company incurred a non-material amount of expense related to holding OREO assets, which is included in Other non-interest expense in the Consolidated Statements of Income. Subsequent to foreclosure, the Company determined the fair values of certain of its OREO assets had declined during the three and six months ended June 30, 2026 and 2025, at which time the Company recorded a valuation adjustment, which is included in Other non-interest income in the Consolidated Statements of Income. OREO assets were $4.6 million and $8.7 million as of June 30, 2026 and December 31, 2025, respectively, and are included with Other assets in the Consolidated Balance Sheets.

CREDIT QUALITY ASSESSMENT - Loans Held for Investment at Amortized Cost by Year of Origination (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2026/2025	$ 702,163		$ 702,163		$ 1,433,668
2025/2024	1,291,973		1,291,973		563,892
2024/2023	428,336		428,336		123,477
2023/2022	107,971		107,971		622,824
2022/2021	551,145		551,145		482,243
Prior	474,079		474,079		136,054
Revolving Loans	2,030,104		2,030,104		1,860,076
Revolving Loans Converted to Term	10,101		10,101		0
Total	5,595,872	$ 4,476,367	5,595,872	$ 4,476,367	5,222,234
Gross charge-offs
2026/2025			0		0
2025/2024			0		1,632
2024/2023			1,718		171
2023/2022			0		8,556
2022/2021			3,722		4,985
Prior			2,536		70
Revolving Loans			0		0
Revolving Loans Converted to Term			0		0
Total	3,089	2,593	7,976	7,026	15,414
Commercial Real Estate
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2026/2025	550,751		550,751		1,226,416
2025/2024	1,203,202		1,203,202		386,157
2024/2023	352,374		352,374		56,976
2023/2022	56,571		56,571		415,634
2022/2021	368,328		368,328		331,598
Prior	317,278		317,278		111,233
Revolving Loans	974		974		982
Revolving Loans Converted to Term	0		0		0
Total	2,849,478	2,008,133	2,849,478	2,008,133	2,528,996
Gross charge-offs
2026/2025			0		0
2025/2024			0		0
2024/2023			0		0
2023/2022			0		0
2022/2021			0		0
Prior			0		0
Revolving Loans			0		0
Revolving Loans Converted to Term			0		0
Total	0	0	0	0	0
Commercial Real Estate \| Acceptable risk (or better)
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2026/2025	500,396		500,396		1,226,416
2025/2024	1,203,202		1,203,202		284,180
2024/2023	333,364		333,364		56,976
2023/2022	56,571		56,571		238,490
2022/2021	197,695		197,695		174,345
Prior	235,628		235,628		94,808
Revolving Loans	974		974		0
Revolving Loans Converted to Term	0		0		0
Total	2,527,830		2,527,830		2,075,215
Commercial Real Estate \| Higher risk
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2026/2025	32,846		32,846		0
2025/2024	0		0		101,977
2024/2023	19,010		19,010		0
2023/2022	0		0		136,724
2022/2021	123,489		123,489		130,391
Prior	54,697		54,697		16,425
Revolving Loans	0		0		982
Revolving Loans Converted to Term	0		0		0
Total	230,042		230,042		386,499
Commercial Real Estate \| Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2026/2025	0		0		0
2025/2024	0		0		0
2024/2023	0		0		0
2023/2022	0		0		0
2022/2021	0		0		0
Prior	0		0		0
Revolving Loans	0		0		0
Revolving Loans Converted to Term	0		0		0
Total	0		0		0
Commercial Real Estate \| Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2026/2025	17,509		17,509		0
2025/2024	0		0		0
2024/2023	0		0		0
2023/2022	0		0		40,420
2022/2021	47,144		47,144		26,862
Prior	26,953		26,953		0
Revolving Loans	0		0		0
Revolving Loans Converted to Term	0		0		0
Total	91,606		91,606		67,282
Commercial Real Estate \| Doubtful
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2026/2025	0		0		0
2025/2024	0		0		0
2024/2023	0		0		0
2023/2022	0		0		0
2022/2021	0		0		0
Prior	0		0		0
Revolving Loans	0		0		0
Revolving Loans Converted to Term	0		0		0
Total	0		0		0
Commercial and Industrial
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2026/2025	151,412		151,412		207,252
2025/2024	88,771		88,771		176,492
2024/2023	75,962		75,962		66,018
2023/2022	51,167		51,167		145,438
2022/2021	126,261		126,261		18,231
Prior	17,471		17,471		3,024
Revolving Loans	2,020,130		2,020,130		1,859,094
Revolving Loans Converted to Term	10,101		10,101		0
Total	2,541,275	2,107,727	2,541,275	2,107,727	2,475,549
Gross charge-offs
2026/2025			0		0
2025/2024			0		1,632
2024/2023			1,718		171
2023/2022			0		5,493
2022/2021			2,773		78
Prior			75		0
Revolving Loans			0		0
Revolving Loans Converted to Term			0		0
Total	1,736	473	4,566	3,580	7,374
Commercial and Industrial \| Acceptable risk (or better)
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2026/2025	151,191		151,191		205,677
2025/2024	87,189		87,189		173,813
2024/2023	73,321		73,321		53,566
2023/2022	38,605		38,605		123,425
2022/2021	104,267		104,267		17,225
Prior	5,484		5,484		888
Revolving Loans	1,987,518		1,987,518		1,825,313
Revolving Loans Converted to Term	10,101		10,101		0
Total	2,457,676		2,457,676		2,399,907
Commercial and Industrial \| Higher risk
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2026/2025	221		221		144
2025/2024	217		217		139
2024/2023	0		0		0
2023/2022	0		0		21,312
2022/2021	20,608		20,608		519
Prior	11,573		11,573		0
Revolving Loans	12,527		12,527		33,000
Revolving Loans Converted to Term	0		0		0
Total	45,146		45,146		55,114
Commercial and Industrial \| Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2026/2025	0		0		0
2025/2024	0		0		0
2024/2023	59		59		0
2023/2022	0		0		0
2022/2021	254		254		1
Prior	1		1		0
Revolving Loans	19,122		19,122		0
Revolving Loans Converted to Term	0		0		0
Total	19,436		19,436		1
Commercial and Industrial \| Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2026/2025	0		0		1,431
2025/2024	0		0		0
2024/2023	1,763		1,763		12,452
2023/2022	12,562		12,562		701
2022/2021	1,132		1,132		486
Prior	411		411		2,136
Revolving Loans	963		963		781
Revolving Loans Converted to Term	0		0		0
Total	16,831		16,831		17,987
Commercial and Industrial \| Doubtful
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2026/2025	0		0		0
2025/2024	1,365		1,365		2,540
2024/2023	819		819		0
2023/2022	0		0		0
2022/2021	0		0		0
Prior	2		2		0
Revolving Loans	0		0		0
Revolving Loans Converted to Term	0		0		0
Total	2,186		2,186		2,540
Consumer
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2026/2025	0		0		0
2025/2024	0		0		1,243
2024/2023	0		0		483
2023/2022	233		233		61,752
2022/2021	56,556		56,556		132,414
Prior	139,330		139,330		21,797
Revolving Loans	9,000		9,000		0
Revolving Loans Converted to Term	0		0		0
Total	205,119	360,507	205,119	360,507	217,689
Gross charge-offs
2026/2025			0		0
2025/2024			0		0
2024/2023			0		0
2023/2022			0		3,063
2022/2021			949		4,907
Prior			2,461		70
Revolving Loans			0		0
Revolving Loans Converted to Term			0		0
Total	1,353	$ 2,120	3,410	$ 3,446	8,040
Consumer \| Acceptable risk (or better)
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2026/2025	0		0		0
2025/2024	0		0		1,243
2024/2023	0		0		483
2023/2022	233		233		60,909
2022/2021	55,998		55,998		131,188
Prior	134,171		134,171		16,681
Revolving Loans	5,930		5,930		0
Revolving Loans Converted to Term	0		0		0
Total	196,332		196,332		210,504
Consumer \| Higher risk
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2026/2025	0		0		0
2025/2024	0		0		0
2024/2023	0		0		0
2023/2022	0		0		178
2022/2021	176		176		249
Prior	4,134		4,134		4,901
Revolving Loans	3,070		3,070		0
Revolving Loans Converted to Term	0		0		0
Total	7,380		7,380		5,328
Consumer \| Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2026/2025	0		0		0
2025/2024	0		0		0
2024/2023	0		0		0
2023/2022	0		0		0
2022/2021	0		0		0
Prior	0		0		0
Revolving Loans	0		0		0
Revolving Loans Converted to Term	0		0		0
Total	0		0		0
Consumer \| Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2026/2025	0		0		0
2025/2024	0		0		0
2024/2023	0		0		0
2023/2022	0		0		665
2022/2021	382		382		977
Prior	1,025		1,025		215
Revolving Loans	0		0		0
Revolving Loans Converted to Term	0		0		0
Total	1,407		1,407		1,857
Consumer \| Doubtful
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2026/2025	0		0		0
2025/2024	0		0		0
2024/2023	0		0		0
2023/2022	0		0		0
2022/2021	0		0		0
Prior	0		0		0
Revolving Loans	0		0		0
Revolving Loans Converted to Term	0		0		0
Total	$ 0		$ 0		$ 0

LEASES - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Supplemental balance sheet information related to leases:
Right-of-use assets, operating leases	$ 5,030	$ 15,691
Operating lease liability	$ 5,867	$ 20,077
Other information related to leases:
Weighted-average remaining lease term of operating leases	6 years 9 months 18 days	6 years 2 months 12 days
Weighted-average discount rate of operating leases	3.69%	2.60%

DEPOSITS - Deposit Balance by Type (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Deposits [Abstract]
Non-interest-bearing deposits	$ 435,065	$ 372,444
Interest-bearing deposits:
Demand	284,748	275,259
Money market	1,394,865	1,206,544
Savings	3,878,206	3,500,532
Time deposits less than $250 thousand	1,100,398	1,242,892
Time deposits greater than $250 thousand	172,553	180,244
Total interest-bearing deposits	6,830,770	6,405,471
Total deposits	$ 7,265,835	$ 6,777,915

INVESTMENT SECURITIES - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
INVESTMENT SECURITIES - Narrative (Details) $ in Thousands	Jun. 30, 2026 USD ($) investment	Jun. 30, 2025 investment	Jun. 30, 2026 USD ($) investment	Jun. 30, 2025 USD ($) investment	Dec. 31, 2025 USD ($)
Investments, Debt and Equity Securities [Abstract]
Debt securities, AFS, accrued interest receivable	$ 10,800		$ 10,800		$ 13,400
Debt securities, available-for-sale, number of securities sold \| investment	0	0	0	13
Debt securities, available-for-sale, aggregate cost basis of securities sold				$ 1,200,000
Proceeds from sale of debt securities, available-for-sale				1,200,000
Debt securities, available-for-sale, realized gain				1,100
Debt securities, available-for-sale, realized loss				$ 0
Federal home loan bank, advance	$ 0		$ 0		0
Debt securities, AFS, allowance for credit loss	0		0		0
Debt securities, HTM, accrued interest receivable	$ 2,200		$ 2,200		$ 1,700

CREDIT QUALITY ASSESSMENT - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026 USD ($) realEstateAsset	Jun. 30, 2025 USD ($) realEstateAsset	Jun. 30, 2026 USD ($) realEstateAsset	Jun. 30, 2025 USD ($) realEstateAsset	Mar. 31, 2026 USD ($)	Dec. 31, 2025 USD ($)	Mar. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)
Receivables [Abstract]
Financing receivable, accrued interest, writeoff	$ 100	$ 0	$ 400	$ 900
Number of other real estate assets sold \| realEstateAsset	1	2	1	2
Other real estate, disposals	$ 2,382	$ 17,452	$ 3,258	$ 17,452
Proceeds from sales of other real estate owned	2,400	17,800	$ 3,160	17,837
Number of other real estate assets sold, portion sold \| realEstateAsset			1
Gains (losses) on sales of other real estate		300	$ (100)	300
OREO	$ 4,642	$ 8,453	$ 4,642	$ 8,453	$ 7,109	$ 8,729	$ 26,076	$ 25,476

INVESTMENT SECURITIES - Investment Securities Available-for-Sale, Gross Unrealized Losses (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
AFS, less than 12 months, fair value	$ 647,631	$ 111,584
AFS, less than 12 months, gross unrealized losses	(7,382)	(420)
AFS, 12 months or more, fair value	20,991	27,827
AFS, 12 months or more, gross unrealized losses	(1,533)	(1,998)
AFS, total, fair value	668,622	139,411
AFS, total, gross unrealized losses	(8,915)	(2,418)
U.S. Treasury and government agencies
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
AFS, less than 12 months, fair value	200,312
AFS, less than 12 months, gross unrealized losses	(537)
AFS, 12 months or more, fair value	0
AFS, 12 months or more, gross unrealized losses	0
AFS, total, fair value	200,312
AFS, total, gross unrealized losses	(537)
Residential agency mortgage-backed
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
AFS, less than 12 months, fair value	287,456	49,759
AFS, less than 12 months, gross unrealized losses	(3,710)	(170)
AFS, 12 months or more, fair value	653	719
AFS, 12 months or more, gross unrealized losses	(96)	(92)
AFS, total, fair value	288,109	50,478
AFS, total, gross unrealized losses	(3,806)	(262)
Commercial agency mortgage-backed
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
AFS, less than 12 months, fair value	157,796	59,754
AFS, less than 12 months, gross unrealized losses	(3,120)	(237)
AFS, 12 months or more, fair value	4,510	8,901
AFS, 12 months or more, gross unrealized losses	(142)	(285)
AFS, total, fair value	162,306	68,655
AFS, total, gross unrealized losses	(3,262)	(522)
Municipal bonds
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
AFS, less than 12 months, fair value	1,977	1,978
AFS, less than 12 months, gross unrealized losses	(15)	(13)
AFS, 12 months or more, fair value	5,561	5,541
AFS, 12 months or more, gross unrealized losses	(858)	(883)
AFS, total, fair value	7,538	7,519
AFS, total, gross unrealized losses	(873)	(896)
Other
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
AFS, less than 12 months, fair value	90	93
AFS, less than 12 months, gross unrealized losses	0	0
AFS, 12 months or more, fair value	10,267	12,666
AFS, 12 months or more, gross unrealized losses	(437)	(738)
AFS, total, fair value	10,357	12,759
AFS, total, gross unrealized losses	$ (437)	$ (738)

FAIR VALUE OF FINANCIAL INSTRUMENTS - Assets at Fair Value on a Nonrecurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026	Dec. 31, 2025	Jun. 30, 2025	Mar. 31, 2025	Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value	$ 3,481		$ 4,645
OREO	4,642	$ 7,109	8,729	$ 8,453	$ 26,076	$ 25,476
Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO	4,642		8,729
Total assets	72,242		72,428
Fair Value, Nonrecurring \| Collateral-dependent loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value	56,122		49,682
Fair Value, Nonrecurring \| Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value	11,478		14,017
Quoted Prices in Active Markets for Identical Assets/ Liabilities (Level 1) \| Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO	0		0
Total assets	0		0
Quoted Prices in Active Markets for Identical Assets/ Liabilities (Level 1) \| Fair Value, Nonrecurring \| Collateral-dependent loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value	0		0
Quoted Prices in Active Markets for Identical Assets/ Liabilities (Level 1) \| Fair Value, Nonrecurring \| Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value	0		0
Significant Other Observable Inputs (Level 2) \| Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO	0		0
Total assets	0		0
Significant Other Observable Inputs (Level 2) \| Fair Value, Nonrecurring \| Collateral-dependent loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value	0		0
Significant Other Observable Inputs (Level 2) \| Fair Value, Nonrecurring \| Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value	0		0
Significant Unobservable Inputs (Level 3) \| Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO	4,642		8,729
Total assets	72,242		72,428
Significant Unobservable Inputs (Level 3) \| Fair Value, Nonrecurring \| Collateral-dependent loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value	56,122		49,682
Significant Unobservable Inputs (Level 3) \| Fair Value, Nonrecurring \| Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value	$ 11,478		$ 14,017

INVESTMENT SECURITIES - Schedule of Investment Securities Held-to-Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026	Dec. 31, 2025	Jun. 30, 2025	Mar. 31, 2025	Dec. 31, 2024
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	$ 48,744		$ 48,944
Gross Unrealized Gains	3,049		4,218
Gross Unrealized Losses	(2,962)		(2,687)
Fair Value	48,831		50,475
Allowance for credit losses	(110)	$ (110)	(110)	$ (161)	$ (161)	$ (161)
Total investment securities held-to-maturity, net of allowance for credit losses	48,634		48,834
Municipal bonds
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	31,000		31,200
Gross Unrealized Gains	2,591		3,736
Gross Unrealized Losses	0		0
Fair Value	33,591		34,936
Allowance for credit losses	(66)	(66)	(66)	(109)	(109)	(109)
Other
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	17,744		17,744
Gross Unrealized Gains	458		482
Gross Unrealized Losses	(2,962)		(2,687)
Fair Value	15,240		15,539
Allowance for credit losses	$ (44)	$ (44)	$ (44)	$ (52)	$ (52)	$ (52)

Amount excluding accrued interest, after allowance for credit loss, of investment in debt security measured at amortized cost (held-to-maturity).

Fair value of investment in debt security measured at amortized cost (held-to-maturity).

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Property, Plant, and Equipment [Abstract]

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash, due from banks and restricted cash	$ 26,524	$ 18,241
Interest-bearing deposits with banks:	808,192	630,474
Total cash, cash equivalents and restricted cash	834,716	648,715
Investment securities available-for-sale, at fair value	1,210,665	1,254,887
Investment securities held-to-maturity, at amortized cost	48,634	48,834
Loans held-for-sale	465,474	379,662
Loans held for investment, at fair value	3,481	4,645
Loans and held for investment, at amortized cost	5,595,872	5,222,234
Allowance for credit losses - loan	(54,621)	(52,986)
Total loans held for investment at amortized cost	5,541,251	5,169,248
Other earning assets, net	50,479	55,928
Deferred tax asset, net	145,269	153,314
Accrued interest receivable	46,445	55,155
Premises and equipment, net	47,877	30,763
Goodwill and other intangible assets, net	35,964	31,685
Other assets	75,249	56,470
Total assets	8,505,504	7,889,306
LIABILITIES
Non-interest-bearing deposits	435,065	372,444
Interest-bearing deposits	6,830,770	6,405,471
Total deposits	7,265,835	6,777,915
Subordinated debt, net	151,181	151,003
Other liabilities	121,325	137,945
Total liabilities	7,538,341	7,066,863
Commitments and contingent liabilities (Note 14)
STOCKHOLDERS’ EQUITY
Preferred stock	0	0
Additional paid-in capital	628,499	490,550
Retained earnings	344,582	328,828
Accumulated other comprehensive (loss)/income	(5,968)	3,024
Total stockholders’ equity	967,163	822,443
Total liabilities and stockholders’ equity	8,505,504	7,889,306
Voting Common stock
STOCKHOLDERS’ EQUITY
Common stock	29	20
Non-voting Common stock
STOCKHOLDERS’ EQUITY
Common stock	$ 21	$ 21

INVESTMENT SECURITIES - Schedule of Allowance for Credit Loss on Held-to-Maturity Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Debt Securities, Held-to-Maturity, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 110	$ 161	$ 110	$ 161
Provision for credit losses	0	0	0	0
Balance at end of period	110	161	110	161
Municipal bonds
Debt Securities, Held-to-Maturity, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	66	109	66	109
Provision for credit losses	0	0	0	0
Balance at end of period	66	109	66	109
Other
Debt Securities, Held-to-Maturity, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	44	52	44	52
Provision for credit losses	0	0	0	0
Balance at end of period	$ 44	$ 52	$ 44	$ 52

CREDIT QUALITY ASSESSMENT - Recorded Investment of Collateral-Dependent Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025	Jun. 30, 2025
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and held for investment, at amortized cost	$ 5,595,872	$ 5,222,234	$ 4,476,367
Collateral Pledged
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and held for investment, at amortized cost	57,713	49,682
Real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and held for investment, at amortized cost	56,345	49,682
Business assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and held for investment, at amortized cost	1,368
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and held for investment, at amortized cost	2,849,478	2,528,996	2,008,133
Commercial Real Estate \| Collateral Pledged
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and held for investment, at amortized cost	56,345	49,494
Commercial Real Estate \| Real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and held for investment, at amortized cost	56,345	49,494
Commercial Real Estate \| Business assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and held for investment, at amortized cost	0
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and held for investment, at amortized cost	205,119	217,689	$ 360,507
Consumer \| Collateral Pledged
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and held for investment, at amortized cost	1,368	188
Consumer \| Real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and held for investment, at amortized cost	0	$ 188
Consumer \| Business assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and held for investment, at amortized cost	$ 1,368

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
INTEREST INCOME
Loans held for investment	$ 98,522	$ 89,601	$ 191,686	$ 175,759
Loans held-for-sale	8,484	10,384	16,678	19,822
Deposits with banks	7,252	7,247	14,834	14,576
Investment securities	14,158	15,262	28,257	32,261
Other earning assets	648	804	1,364	1,776
Total interest income	129,064	123,298	252,819	244,194
INTEREST EXPENSE
Deposits	64,024	58,719	126,319	115,205
Subordinated debt, net	1,895	2,441	3,797	4,942
Other borrowings	0	417	0	1,266
Total interest expense	65,919	61,577	130,116	121,413
Net interest income	63,145	61,721	122,703	122,781
Provision for credit losses	5,899	4,090	9,372	12,549
Net interest income after provision for credit losses	57,246	57,631	113,331	110,232
NON-INTEREST INCOME
Servicing income	6,876	0	13,963	0
Investment advisory fees	3,090	4,182	6,283	8,498
Fee income on loans	2,252	2,390	4,255	3,831
Gains on sales of loans and investment securities, net	252	344	218	2,170
Unrealized (losses)/gains on loans and financing receivables, net	(963)	883	(2,298)	2,746
Total other non-interest income	10,339	3,438	15,009	8,047
Total non-interest income	21,846	11,237	37,430	25,292
NON-INTEREST EXPENSE
Compensation and benefits	33,407	30,338	65,049	60,440
Information technology	7,581	6,885	15,121	12,896
Professional fees	9,777	2,800	17,600	6,542
Loan administration and servicing	5,500	1,089	9,625	2,756
Advertising and marketing	2,720	1,220	5,024	4,539
FDIC insurance	1,111	687	2,013	3,349
Occupancy expense	1,466	1,165	2,588	2,497
Other non-interest expense	4,214	4,071	7,213	6,896
Total non-interest expense	65,776	48,255	124,233	99,915
Income before income taxes	13,316	20,613	26,528	35,609
Income tax expense	9,194	5,504	10,774	9,373
Net income	$ 4,122	$ 15,109	$ 15,754	$ 26,236
Voting Common stock
NON-INTEREST EXPENSE
Basic earnings per common share (in dollars per share)	$ 0.10	$ 0.38	$ 0.38	$ 0.65
Diluted earnings per common share (in dollars per share)	$ 0.09	$ 0.37	$ 0.36	$ 0.63
Weighted-average shares - basic (in shares)	21,175,037	19,000,131	20,120,097	18,993,327
Weighted-average shares - diluted (in shares)	23,498,322	20,042,883	22,344,262	20,157,743
Non-voting Common stock
NON-INTEREST EXPENSE
Basic earnings per common share (in dollars per share)	$ 0.10	$ 0.38	$ 0.39	$ 0.65
Diluted earnings per common share (in dollars per share)	$ 0.09	$ 0.37	$ 0.37	$ 0.63
Weighted-average shares - basic (in shares)	21,014,378	21,242,551	21,127,834	21,242,551
Weighted-average shares - diluted (in shares)	21,014,378	21,242,551	21,127,834	21,242,551

PREMISES AND EQUIPMENT

6 Months Ended

Jun. 30, 2026

PREMISES AND EQUIPMENT

NOTE 7 – PREMISES AND EQUIPMENT


(in thousands)	June 30, 2026		December 31, 2025
Land	$	13,413	$	—
Building	13,420		—
Software	27,943		26,166
Leasehold improvements	7,543		7,484
Furniture and equipment	4,017		3,695
Tenant improvements	1,777		—
Assets in process	1,589		761
Premises and equipment	69,702		38,106
Right-of-use assets, operating leases	5,030		15,691
Accumulated depreciation	(26,855)		(23,034)
Premises and equipment, net	$	47,877	$	30,763

The Company recognized depreciation and amortization expense of $2.0 million and $3.9 million for the three and six months ended June 30, 2026, respectively, and $1.8 million and $3.5 million for the three and six months ended June 30, 2025, respectively. Depreciation and amortization expense is included in Information technology and Occupancy expense in the Consolidated Statements of Income.

On April 30, 2026, the Company acquired the building which houses its corporate headquarters for $37.4 million cash consideration. Prior to the acquisition, the Company leased office space in the acquired building and had $9.7 million of right-of-use assets and $13.3 million of lease liabilities recognized in the Consolidated Balance Sheets. Upon the acquisition of the building, the Company derecognized the right-of-use assets and lease liabilities, and the $3.6 million net of the two was recognized as a reduction to the $37.4 million purchase price, resulting in a $33.9 million net carrying value of the assets acquired.

The following table summarizes the purchase price allocated to the acquired assets:


(in thousands)	April 30, 2026
Cash consideration	$	37,440
Less: right-of-use-assets, net of lease liabilities	(3,576)
Purchase price to be allocated	$	33,864

Allocation of purchase price:
Land	$	13,413
Building	13,420
Tenant improvements	1,777
In-place lease intangibles	3,793
Above/below market rent intangibles	1,461
Total allocated purchase price	$	33,864

See Note 8 – Goodwill and Other Intangible Assets and Note 9 – Leases for more information.

The entire disclosure for property, plant, and equipment. Includes, but is not limited to, land and land improvement; building; machinery and equipment; furniture and fixture; and work of art, historical treasure, or similar asset classified as collection.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/360/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482130/360-10-45-13

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.CC)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480091/360-10-S99-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-7

OTHER NON-INTEREST INCOME AND NON-INTEREST EXPENSE - Schedule of Other Noninterest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Other Income and Expenses [Abstract]
Referral fees	$ 323	$ 523	$ 683	$ 988
Other non-interest expense	3,891	3,548	6,530	5,908
Total other non-interest expense	$ 4,214	$ 4,071	$ 7,213	$ 6,896

PREMISES AND EQUIPMENT - Schedule of Premises and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Property, Plant, and Equipment [Line Items]
Premises and equipment	$ 69,702	$ 38,106
Right-of-use assets, operating leases	5,030	15,691
Accumulated depreciation	(26,855)	(23,034)
Premises and equipment, net	47,877	30,763
Land
Property, Plant, and Equipment [Line Items]
Premises and equipment	13,413	0
Building
Property, Plant, and Equipment [Line Items]
Premises and equipment	13,420	0
Software
Property, Plant, and Equipment [Line Items]
Premises and equipment	27,943	26,166
Leasehold improvements
Property, Plant, and Equipment [Line Items]
Premises and equipment	7,543	7,484
Furniture and equipment
Property, Plant, and Equipment [Line Items]
Premises and equipment	4,017	3,695
Tenant improvements
Property, Plant, and Equipment [Line Items]
Premises and equipment	1,777	0
Assets in process
Property, Plant, and Equipment [Line Items]
Premises and equipment	$ 1,589	$ 761

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Expected Future Amortization Expense (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Intangible Asset, Goodwill and Other [Abstract]
Remaining 2026	$ 1,262
2027	2,269
2028	2,050
2029	1,930
2030	1,302
Thereafter	6,518
Net Carrying Amount	$ 15,331	$ 11,052

CREDIT QUALITY ASSESSMENT

6 Months Ended

Jun. 30, 2026

CREDIT QUALITY ASSESSMENT

NOTE 4 – LOANS

Loans Held-for-Sale



	For the Three Months Ended				For the Six Months Ended
(in thousands)	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Proceeds from sales	$	43,461	$	108,858	$	86,307	$	167,631
Realized gains	$	252	$	344	$	218	$	976
Unrealized (losses)/gains, net	$	(770)	$	100	$	(2,010)	$	1,195

The following tables present, by loan category, the carrying amount and unpaid contractual balance of the Company’s loans held-for-sale as of June 30, 2026 and December 31, 2025:


	June 30, 2026
	Loans Held-for-Sale at Fair Value				Loans Held-for-Sale at Lower of Cost or Fair Value				Total Loans Held-for-Sale
(in thousands)	Carrying Amount		Unpaid Contractual Balance		Carrying Amount		Unpaid Contractual Balance		Carrying Amount		Unpaid Contractual Balance
Commercial and Industrial	$	54,379	$	57,233	$	411,095	$	415,842	$	465,474	$	473,075


Total loans held-for-sale	$	54,379	$	57,233	$	411,095	$	415,842	$	465,474	$	473,075


	December 31, 2025
	Loans Held-for-Sale at Fair Value				Loans Held-for-Sale at Lower of Cost or Fair Value				Total Loans Held-for-Sale
(in thousands)	Carrying Amount		Unpaid Contractual Balance		Carrying Amount		Unpaid Contractual Balance		Carrying Amount		Unpaid Contractual Balance
Commercial and Industrial	$	62,251	$	65,281	$	317,411	$	321,295	$	379,662	$	386,576


Total loans held-for-sale	$	62,251	$	65,281	$	317,411	$	321,295	$	379,662	$	386,576

Loans Held for Investment at Amortized Cost

Loans held for investment at amortized cost, by loan category, as of June 30, 2026 and December 31, 2025, are presented in the following table:


(in thousands)	June 30, 2026		December 31, 2025
Commercial Real Estate	$	2,849,478	$	2,528,996
Commercial and Industrial	2,541,275		2,475,549
Consumer	205,119		217,689
Total loans held for investment at amortized cost	$	5,595,872	$	5,222,234

Total outstanding loans held for investment at amortized cost are net of deferred fees and costs of $54.3 million and $54.7 million as of June 30, 2026 and December 31, 2025, respectively.

Total outstanding loans held for investment at amortized cost excludes accrued interest receivable of $31.2 million and $32.1 million as of June 30, 2026 and December 31, 2025, respectively.

Loans to Related Parties

NOTE 5 – CREDIT QUALITY ASSESSMENT

Allowance for Credit Losses - Loans Held for Investment at Amortized Cost

The following table summarizes the activity in the allowance for credit losses for loans held for investment at amortized cost for the three and six months ended June 30, 2026 and 2025:


	For the Three Months Ended				For the Six Months Ended
(in thousands)	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Beginning of period	$	52,794	$	46,868	$	52,986	$	42,294
Provision for credit losses on loans	4,521		3,106		8,388		11,519
Provision for credit losses on loan transfers from loans held-for-sale	—		29		17		97
Loan charge-offs	(3,089)		(2,593)		(7,976)		(7,026)
Loan recoveries	395		898		1,206		1,424
Net charge-offs	(2,694)		(1,695)		(6,770)		(5,602)
End of period	$	54,621	$	48,308	$	54,621	$	48,308

The following tables detail activity in the allowance for credit losses for loans held for investment carried at amortized cost, by loan category, for the three and six months ended June 30, 2026:


	For the Three Months Ended June 30, 2026

(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Allowance for credit losses:
Beginning of period	$	19,566	$	25,535	$	7,693	$	52,794
Provision for credit losses on loans	329		1,467		2,725		4,521

Loan charge-offs	—		(1,736)		(1,353)		(3,089)
Loan recoveries	—		131		264		395
Net charge-offs	—		(1,605)		(1,089)		(2,694)
End of period	$	19,895	$	25,397	$	9,329	$	54,621


	For the Six Months Ended June 30, 2026

(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Allowance for credit losses:
Beginning of period	$	18,639	$	26,023	$	8,324	$	52,986
Provision for credit losses on loans	1,256		3,250		3,882		8,388
Provision for credit losses on loan transfers from loans held-for-sale	—		17		—		17
Loan charge-offs	—		(4,566)		(3,410)		(7,976)
Loan recoveries	—		673		533		1,206
Net charge-offs	—		(3,893)		(2,877)		(6,770)
End of period	$	19,895	$	25,397	$	9,329	$	54,621


	June 30, 2026

(dollars in thousands)	Commercial Real Estate			Commercial and Industrial			Consumer			Total
Individually evaluated for credit loss	$	1,431		$	930		$	—		$	2,361
Collectively evaluated for credit loss	18,464			24,467			9,329			52,260
Total allowance for credit losses	$	19,895		$	25,397		$	9,329		$	54,621

Loans held for investment at amortized cost:
Individually evaluated for credit loss	$	128,324		$	19,150		$	2,035		$	149,509
Collectively evaluated for credit loss	2,721,154			2,522,125			203,084			5,446,363
Total loans held for investment at amortized cost	$	2,849,478		$	2,541,275		$	205,119		$	5,595,872

Allowance for loans to loan type ratio:
Individually evaluated for credit loss	1.12		%	4.86		%	—		%	1.58		%
Collectively evaluated for credit loss	0.68		%	0.97		%	4.59		%	0.96		%
Total loans held for investment at amortized cost	0.70		%	1.00		%	4.55		%	0.98		%

The following tables detail activity in the allowance for credit losses for loans held for investment carried at amortized cost, by loan category, for the three and six months ended June 30, 2025:


	For the Three Months Ended June 30, 2025

(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Allowance for credit losses:
Beginning of period	$	13,819	$	22,553	$	10,496	$	46,868
Provision for credit losses on loans	1,753		572		781		3,106
Provision for/(recovery of) credit losses on loan transfers from/(to) loans held-for-sale	30		(1)		—		29
Loan charge-offs	—		(473)		(2,120)		(2,593)
Loan recoveries	—		738		160		898
Net recoveries/(charge-offs)	—		265		(1,960)		(1,695)
End of period	$	15,602	$	23,389	$	9,317	$	48,308


	For the Six Months Ended June 30, 2025

(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Allowance for credit losses:
Beginning of period	$	12,078	$	19,380	$	10,836	$	42,294
Provision for credit losses on loans	3,432		6,636		1,451		11,519
Provision for credit losses on loan transfers from loans held-for-sale	92		5		—		97
Loan charge-offs	—		(3,580)		(3,446)		(7,026)
Loan recoveries	—		948		476		1,424
Net charge-offs	—		(2,632)		(2,970)		(5,602)
End of period	$	15,602	$	23,389	$	9,317	$	48,308


	June 30, 2025

(dollars in thousands)	Commercial Real Estate			Commercial and Industrial			Consumer			Total
Individually evaluated for credit loss	$	95		$	1,545		$	—		$	1,640
Collectively evaluated for credit loss	15,507			21,844			9,317			46,668
Total allowance for credit losses	$	15,602		$	23,389		$	9,317		$	48,308

Loans held for investment at amortized cost:
Individually evaluated for credit loss	$	88,193		$	81,836		$	1,274		$	171,303
Collectively evaluated for credit loss	1,919,940			2,025,891			359,233			4,305,064
Total loans held for investment at amortized cost	$	2,008,133		$	2,107,727		$	360,507		$	4,476,367

Allowance for loans to loan type ratio:
Individually evaluated for credit loss	0.11		%	1.89		%	—		%	0.96		%
Collectively evaluated for credit loss	0.81		%	1.08		%	2.59		%	1.08		%
Total loans held for investment at amortized cost	0.78		%	1.11		%	2.58		%	1.08		%

Credit Quality

Loans Held for Investment at Amortized Cost


	June 30, 2026
	Loans Held for Investment at Amortized Cost by Year of Origination
(in thousands)	2026		2025		2024		2023		2022		Prior		Revolving Loans		Revolving Loans Converted to Term		Total
Commercial Real Estate:
Acceptable risk (or better)	$	500,396	$	1,203,202	$	333,364	$	56,571	$	197,695	$	235,628	$	974	$	—	$	2,527,830
Higher risk	32,846		—		19,010		—		123,489		54,697		—		—		230,042
Special mention	—		—		—		—		—		—		—		—		—
Substandard	17,509		—		—		—		47,144		26,953		—		—		91,606
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	550,751	$	1,203,202	$	352,374	$	56,571	$	368,328	$	317,278	$	974	$	—	$	2,849,478
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial and Industrial:
Acceptable risk (or better)	$	151,191	$	87,189	$	73,321	$	38,605	$	104,267	$	5,484	$	1,987,518	$	10,101	$	2,457,676
Higher risk	221		217		—		—		20,608		11,573		12,527		—		45,146
Special mention	—		—		59		—		254		1		19,122		—		19,436
Substandard	—		—		1,763		12,562		1,132		411		963		—		16,831
Doubtful	—		1,365		819		—		—		2		—		—		2,186
Total	$	151,412	$	88,771	$	75,962	$	51,167	$	126,261	$	17,471	$	2,020,130	$	10,101	$	2,541,275
Gross charge-offs	$	—	$	—	$	1,718	$	—	$	2,773	$	75	$	—	$	—	$	4,566

Consumer:
Acceptable risk (or better)	$	—	$	—	$	—	$	233	$	55,998	$	134,171	$	5,930	$	—	$	196,332
Higher risk	—		—		—		—		176		4,134		3,070		—		7,380
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		382		1,025		—		—		1,407
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	233	$	56,556	$	139,330	$	9,000	$	—	$	205,119
Gross charge-offs	$	—	$	—	$	—	$	—	$	949	$	2,461	$	—	$	—	$	3,410


Total loans	$	702,163	$	1,291,973	$	428,336	$	107,971	$	551,145	$	474,079	$	2,030,104	$	10,101	$	5,595,872
Total gross charge-offs	$	—	$	—	$	1,718	$	—	$	3,722	$	2,536	$	—	$	—	$	7,976


	December 31, 2025
	Loans Held for Investment at Amortized Cost by Year of Origination
(in thousands)	2025		2024		2023		2022		2021		Prior		Revolving Loans		Revolving Loans Converted to Term		Total
Commercial Real Estate:
Acceptable risk (or better)	$	1,226,416	$	284,180	$	56,976	$	238,490	$	174,345	$	94,808	$	—	$	—	$	2,075,215
Higher risk	—		101,977		—		136,724		130,391		16,425		982		—		386,499
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		40,420		26,862		—		—		—		67,282
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	1,226,416	$	386,157	$	56,976	$	415,634	$	331,598	$	111,233	$	982	$	—	$	2,528,996
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial and Industrial:
Acceptable risk (or better)	$	205,677	$	173,813	$	53,566	$	123,425	$	17,225	$	888	$	1,825,313	$	—	$	2,399,907
Higher risk	144		139		—		21,312		519		—		33,000		—		55,114
Special mention	—		—		—		—		1		—		—		—		1
Substandard	1,431		—		12,452		701		486		2,136		781		—		17,987
Doubtful	—		2,540		—		—		—		—		—		—		2,540
Total	$	207,252	$	176,492	$	66,018	$	145,438	$	18,231	$	3,024	$	1,859,094	$	—	$	2,475,549
Gross charge-offs	$	—	$	1,632	$	171	$	5,493	$	78	$	—	$	—	$	—	$	7,374

Consumer:
Acceptable risk (or better)	$	—	$	1,243	$	483	$	60,909	$	131,188	$	16,681	$	—	$	—	$	210,504
Higher risk	—		—		—		178		249		4,901		—		—		5,328
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		665		977		215		—		—		1,857
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	—	$	1,243	$	483	$	61,752	$	132,414	$	21,797	$	—	$	—	$	217,689
Gross charge-offs	$	—	$	—	$	—	$	3,063	$	4,907	$	70	$	—	$	—	$	8,040

Total loans	$	1,433,668	$	563,892	$	123,477	$	622,824	$	482,243	$	136,054	$	1,860,076	$	—	$	5,222,234
Total gross charge-offs	$	—	$	1,632	$	171	$	8,556	$	4,985	$	70	$	—	$	—	$	15,414


	June 30, 2026
(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Loans 90 days or more past due and still accruing	$	—	$	—	$	—	$	—
Non-accrual loans with no allowance for credit losses	$	45,836	$	2,764	$	14	$	48,614
Non-accrual loans	$	67,312	$	3,752	$	1,407	$	72,471

Contractual interest income on non-accrual loans while on non-accrual status	$	3,526	$	1,313	$	1,395	$	6,234


	December 31, 2025
(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Loans 90 days or more past due and still accruing	$	—	$	—	$	—	$	—
Non-accrual loans with no allowance for credit losses	$	60,361	$	116	$	1,857	$	62,334
Non-accrual loans	$	60,361	$	5,484	$	1,857	$	67,702

Contractual interest income on non-accrual loans while on non-accrual status	$	4,812	$	916	$	1,663	$	7,391


	June 30, 2026
(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Past due loans:
30 - 59 days past due	$	—	$	—	$	1,842	$	1,842
60 - 89 days past due	2,003		—		894		2,897
90 or more days past due	—		—		—		—
Total past due loans	2,003		—		2,736		4,739
Current loans	2,780,163		2,537,523		200,976		5,518,662
Total	$	2,782,166	$	2,537,523	$	203,712	$	5,523,401


	December 31, 2025
(in thousands)	Commercial Real Estate		Commercial and Industrial		Consumer		Total
Past due loans:
30 - 59 days past due	$	32,412	$	42,487	$	2,297	$	77,196
60 - 89 days past due	—		122		1,092		1,214
90 or more days past due	—		—		—		—
Total past due loans	32,412		42,609		3,389		78,410
Current loans	2,436,223		2,427,456		212,443		5,076,122
Total	$	2,468,635	$	2,470,065	$	215,832	$	5,154,532


	June 30, 2026
(in thousands)	Commercial Real Estate		Commercial and Industrial		Total
Collateral type:
Real estate	$	56,345	$	—	$	56,345
Business assets	—		1,368		1,368

Total	$	56,345	$	1,368	$	57,713


	December 31, 2025
(in thousands)	Commercial Real Estate		Consumer		Total
Collateral type:
Real estate	$	49,494	$	188	$	49,682


Total	$	49,494	$	188	$	49,682


	For the Three and Six Months Ended
	June 30, 2026
(dollars in thousands)	Term Extension and Interest Rate Reduction		Total		Modification to Loan Class Ratio		Weighted-Average Term Extension	Weighted-Average Interest Rate Reduction
Commercial Real Estate	$	17,509	$	17,509	0.61	%	2.0 years	1.90	%


Total	$	17,509	$	17,509

As of June 30, 2026, there were no unfunded loan commitments on modifications for borrowers experiencing financial difficulty.

There were no payment defaults during the three and six months ended June 30, 2026, on loans previously reported as modified.


	For the Three Months Ended
	June 30, 2025
(dollars in thousands)	Term Extension		Total		Modification to Loan Class Ratio		Weighted-Average Term Extension

Commercial and Industrial	$	151	$	151	0.01	%	1.0 year

Total	$	151	$	151


	For the Six Months Ended
	June 30, 2025
(dollars in thousands)	Term Extension		Total		Modification to Loan Class Ratio		Weighted-Average Term Extension

Commercial and Industrial	$	292	$	292	0.01	%	1.0 year

Total	$	292	$	292

As of June 30, 2025, there were no unfunded loan commitments on modifications for borrowers experiencing financial difficulty.

The Company closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. As of June 30, 2025, all loans that were modified to borrowers experiencing financial difficulty during the three and six months ended June 30, 2025, were current and on non-accrual status.

There were no payment defaults during the three and six months ended June 30, 2025, on loans previously reported as modified.

Other Real Estate Owned

The following table presents by class the recorded investment in the Company’s other real estate owned assets (“OREO”) at fair value for the three and six months ended June 30, 2026 and 2025:


	For the Three Months Ended				For the Six Months Ended
(in thousands)	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Balance at beginning of period	$	7,109	$	26,076	$	8,729	$	25,476

Improvements	—		418		—		1,018
Sales	(2,382)		(17,452)		(3,258)		(17,452)
Valuation adjustments	(85)		(589)		(829)		(589)
Balance at end of period	$	4,642	$	8,453	$	4,642	$	8,453

There were no transfers into OREO assets during the three and six months ended June 30, 2026 or 2025.

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK, COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Other Commitments [Line Items]
Total commitments to extend credit and available lines of credit	$ 1,078,765	$ 807,237
Commercial real estate development and construction
Other Commitments [Line Items]
Total commitments to extend credit and available lines of credit	201,042	179,439
Residential real estate development and construction
Other Commitments [Line Items]
Total commitments to extend credit and available lines of credit	0	682
Lines of credit, primarily business lines
Other Commitments [Line Items]
Total commitments to extend credit and available lines of credit	867,830	606,921
Standby letters of credit
Other Commitments [Line Items]
Total commitments to extend credit and available lines of credit	$ 9,893	$ 20,195

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK, COMMITMENTS AND CONTINGENCIES

6 Months Ended

Jun. 30, 2026

Commitments and Contingencies Disclosure [Abstract]

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK, COMMITMENTS AND CONTINGENCIES

NOTE 14 – FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK, COMMITMENTS AND CONTINGENCIES

In the normal course of business, the Company enters into commitments to extend credit and standby letters of credit to meet the financing needs of its customers. For a description of the Company's accounting policy for off-balance sheet instruments, refer to Note 1 - Significant Accounting Policies to the annual Consolidated Financial Statements included in the Company's Registration Statement on Form S-1.

A summary of the net commitment available to fund financial instruments with off-balance sheet credit risk as of June 30, 2026 and December 31, 2025 is as follows:


(in thousands)	June 30, 2026		December 31, 2025
Commercial real estate development and construction	$	201,042	$	179,439
Residential real estate development and construction	—		682
Lines of credit, primarily business lines	867,830		606,921
Standby letters of credit	9,893		20,195
Total commitments to extend credit and available lines of credit	$	1,078,765	$	807,237

As of June 30, 2026 and December 31, 2025, the total reserve for unfunded commitments was $3.6 million and $2.7 million, respectively, which is included in Other liabilities in the Consolidated Balance Sheets.

The following table summarizes the provision for credit losses on unfunded commitments for the three and six months ended June 30, 2026 and 2025:


	For the Three Months Ended				For the Six Months Ended
(in thousands)	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Provision for credit losses on unfunded commitments	$	1,378	$	955	$	982	$	933

The provision for credit losses on unfunded commitments is included in Provision for credit losses in the Consolidated Statements of Income.

The Company is involved in various legal actions arising in the ordinary course of business. The Company’s evaluation has resulted in none being expected to result in a loss contingency.

LOANS - Loans by Category, Unpaid Contract Balance and Carrying Amount (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	$ 465,474	$ 379,662
Unpaid Contractual Balance	473,075	386,576
Estimated Fair Value
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	54,379	62,251
Unpaid Contractual Balance	57,233	65,281
Carrying Amount
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	411,095	317,411
Unpaid Contractual Balance	415,842	321,295
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	465,474	379,662
Unpaid Contractual Balance	473,075	386,576
Commercial and Industrial \| Estimated Fair Value
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	54,379	62,251
Unpaid Contractual Balance	57,233	65,281
Commercial and Industrial \| Carrying Amount
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	411,095	317,411
Unpaid Contractual Balance	$ 415,842	$ 321,295

FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Assets
Investment securities available-for-sale:	$ 1,210,665	$ 1,254,887
Investment securities held-to-maturity, at amortized cost	48,634	48,834
Loans held-for-sale at fair value	54,379	62,251
Loans held for investment at fair value	3,481	4,645
Carrying Amount
Assets
Cash, cash equivalents and restricted cash	834,716	648,715
Investment securities available-for-sale:	1,210,665	1,254,887
Investment securities held-to-maturity, at amortized cost	48,634	48,834
Other earning assets	50,479	55,928
Accrued interest receivable	46,445	55,155
Liabilities
Subordinated debt, net	151,181	151,003
Carrying Amount \| Loans held-for-sale, at fair value
Assets
Loans held-for-sale at fair value	54,379	62,251
Carrying Amount \| Loans held-for-sale, at lower of cost or fair value
Assets
Loans held-for-sale at fair value	411,095	317,411
Carrying Amount \| Loans held for investment, at fair value
Assets
Loans held for investment at fair value	3,481	4,645
Carrying Amount \| Loans held for investment, at amortized cost
Assets
Loans held for investment at fair value	5,541,251	5,169,248
Carrying Amount \| Time deposits
Liabilities
Deposits	1,272,951	1,423,136
Carrying Amount \| Other deposits
Liabilities
Deposits	5,992,884	5,354,779
Estimated Fair Value
Assets
Cash, cash equivalents and restricted cash	834,716	648,715
Investment securities available-for-sale:	1,210,665	1,254,887
Investment securities held-to-maturity, at amortized cost	48,831	50,475
Other earning assets	46,745	54,023
Accrued interest receivable	46,445	55,155
Liabilities
Subordinated debt, net	151,662	146,547
Estimated Fair Value \| Loans held-for-sale, at fair value
Assets
Loans held-for-sale at fair value	54,379	62,251
Estimated Fair Value \| Loans held-for-sale, at lower of cost or fair value
Assets
Loans held-for-sale at fair value	411,146	317,411
Estimated Fair Value \| Loans held for investment, at fair value
Assets
Loans held for investment at fair value	3,481	4,645
Estimated Fair Value \| Loans held for investment, at amortized cost
Assets
Loans held for investment at fair value	5,547,241	5,213,899
Estimated Fair Value \| Time deposits
Liabilities
Deposits	1,274,054	1,431,710
Estimated Fair Value \| Other deposits
Liabilities
Deposits	5,992,884	5,354,779
Quoted Prices in Active Markets for Identical Assets/ Liabilities (Level 1)
Assets
Cash, cash equivalents and restricted cash	834,716	648,715
Investment securities available-for-sale:	695,844	958,347
Investment securities held-to-maturity, at amortized cost	0	0
Other earning assets	0	0
Accrued interest receivable	46,445	55,155
Liabilities
Subordinated debt, net	0	0
Quoted Prices in Active Markets for Identical Assets/ Liabilities (Level 1) \| Loans held-for-sale, at fair value
Assets
Loans held-for-sale at fair value	0	0
Quoted Prices in Active Markets for Identical Assets/ Liabilities (Level 1) \| Loans held-for-sale, at lower of cost or fair value
Assets
Loans held-for-sale at fair value	0	0
Quoted Prices in Active Markets for Identical Assets/ Liabilities (Level 1) \| Loans held for investment, at fair value
Assets
Loans held for investment at fair value	0	0
Quoted Prices in Active Markets for Identical Assets/ Liabilities (Level 1) \| Loans held for investment, at amortized cost
Assets
Loans held for investment at fair value	0	0
Quoted Prices in Active Markets for Identical Assets/ Liabilities (Level 1) \| Time deposits
Liabilities
Deposits	0	0
Quoted Prices in Active Markets for Identical Assets/ Liabilities (Level 1) \| Other deposits
Liabilities
Deposits	5,992,884	5,354,779
Significant Other Observable Inputs (Level 2)
Assets
Cash, cash equivalents and restricted cash	0	0
Investment securities available-for-sale:	511,765	291,065
Investment securities held-to-maturity, at amortized cost	33,591	34,936
Other earning assets	0	0
Accrued interest receivable	0	0
Liabilities
Subordinated debt, net	151,662	146,547
Significant Other Observable Inputs (Level 2) \| Loans held-for-sale, at fair value
Assets
Loans held-for-sale at fair value	0	0
Significant Other Observable Inputs (Level 2) \| Loans held-for-sale, at lower of cost or fair value
Assets
Loans held-for-sale at fair value	0	0
Significant Other Observable Inputs (Level 2) \| Loans held for investment, at fair value
Assets
Loans held for investment at fair value	0	0
Significant Other Observable Inputs (Level 2) \| Loans held for investment, at amortized cost
Assets
Loans held for investment at fair value	0	0
Significant Other Observable Inputs (Level 2) \| Time deposits
Liabilities
Deposits	1,274,054	1,431,710
Significant Other Observable Inputs (Level 2) \| Other deposits
Liabilities
Deposits	0	0
Significant Unobservable Inputs (Level 3)
Assets
Cash, cash equivalents and restricted cash	0	0
Investment securities available-for-sale:	3,056	5,475
Investment securities held-to-maturity, at amortized cost	15,240	15,539
Other earning assets	46,745	54,023
Accrued interest receivable	0	0
Liabilities
Subordinated debt, net	0	0
Significant Unobservable Inputs (Level 3) \| Loans held-for-sale, at fair value
Assets
Loans held-for-sale at fair value	54,379	62,251
Significant Unobservable Inputs (Level 3) \| Loans held-for-sale, at lower of cost or fair value
Assets
Loans held-for-sale at fair value	411,146	317,411
Significant Unobservable Inputs (Level 3) \| Loans held for investment, at fair value
Assets
Loans held for investment at fair value	3,481	4,645
Significant Unobservable Inputs (Level 3) \| Loans held for investment, at amortized cost
Assets
Loans held for investment at fair value	5,547,241	5,213,899
Significant Unobservable Inputs (Level 3) \| Time deposits
Liabilities
Deposits	0	0
Significant Unobservable Inputs (Level 3) \| Other deposits
Liabilities
Deposits	$ 0	$ 0

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Intangible Asset, Finite-Lived


	June 30, 2026
(dollars in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizing intangible assets:
Core deposit intangible	$	1,491	$	(1,491)	$	—
Customer relationship intangibles	18,742		(8,256)		10,486
In-place lease intangibles (1)	3,793		(359)		3,434
Above/below market rent intangibles (2)	1,461		(50)		1,411
Other	399		(399)		—
Total amortizing intangible assets	$	25,886	$	(10,555)	$	15,331
Indefinite life intangible asset					2,114
Total intangible assets					17,445
Goodwill					18,519
Total goodwill and intangible assets, net					$	35,964

__________________

(1)In-place lease intangible assets had a weighted-average remaining life of 4.8 years as of June 30, 2026.

(2)Above/below market rent intangible assets had a weighted-average remaining life of 4.9 years as of June 30, 2026.


	December 31, 2025
(dollars in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizing intangible assets:
Core deposit intangible	$	1,491	$	(1,491)	$	—
Customer relationship intangibles	18,742		(7,690)		11,052
Other	399		(399)		—
Total amortizing intangible assets	$	20,632	$	(9,580)	$	11,052
Indefinite life intangible asset					2,114
Total intangible assets					13,166
Goodwill					18,519
Total goodwill and intangible assets, net					$	31,685

Intangible Asset, Indefinite-Lived


	June 30, 2026
(dollars in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizing intangible assets:
Core deposit intangible	$	1,491	$	(1,491)	$	—
Customer relationship intangibles	18,742		(8,256)		10,486
In-place lease intangibles (1)	3,793		(359)		3,434
Above/below market rent intangibles (2)	1,461		(50)		1,411
Other	399		(399)		—
Total amortizing intangible assets	$	25,886	$	(10,555)	$	15,331
Indefinite life intangible asset					2,114
Total intangible assets					17,445
Goodwill					18,519
Total goodwill and intangible assets, net					$	35,964

__________________

(1)In-place lease intangible assets had a weighted-average remaining life of 4.8 years as of June 30, 2026.

(2)Above/below market rent intangible assets had a weighted-average remaining life of 4.9 years as of June 30, 2026.


	December 31, 2025
(dollars in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizing intangible assets:
Core deposit intangible	$	1,491	$	(1,491)	$	—
Customer relationship intangibles	18,742		(7,690)		11,052
Other	399		(399)		—
Total amortizing intangible assets	$	20,632	$	(9,580)	$	11,052
Indefinite life intangible asset					2,114
Total intangible assets					13,166
Goodwill					18,519
Total goodwill and intangible assets, net					$	31,685

Intangible Asset, Finite-Lived, Amortization Expense

The following table presents the estimated future amortization of amortizing intangible assets as of June 30, 2026:


(in thousands)	Amount
Remaining 2026	$	1,262
2027	2,269
2028	2,050
2029	1,930
2030	1,302
Thereafter	6,518
Total amortizing intangible assets	$	15,331

LOANS (Tables)

6 Months Ended

Jun. 30, 2026

Sale of Financing Receivables

The table below presents the proceeds received from the sales of loans held-for-sale, net realized gains and losses, and net unrealized gains and losses related to loans-held-for sale for the three and six months ended June 30, 2026 and 2025. Realized gains are recognized in Gains on sales of loans and investment securities, net in the Consolidated Statements of Income. Unrealized (losses)/gains, net related to loans held-for-sale are included with Unrealized (losses)/gains on loans and financing receivables, net in the Consolidated Statements of Income.



	For the Three Months Ended				For the Six Months Ended
(in thousands)	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Proceeds from sales	$	43,461	$	108,858	$	86,307	$	167,631
Realized gains	$	252	$	344	$	218	$	976
Unrealized (losses)/gains, net	$	(770)	$	100	$	(2,010)	$	1,195

Financing Receivables, Held-for-Sale

The following tables present, by loan category, the carrying amount and unpaid contractual balance of the Company’s loans held-for-sale as of June 30, 2026 and December 31, 2025:


	June 30, 2026
	Loans Held-for-Sale at Fair Value				Loans Held-for-Sale at Lower of Cost or Fair Value				Total Loans Held-for-Sale
(in thousands)	Carrying Amount		Unpaid Contractual Balance		Carrying Amount		Unpaid Contractual Balance		Carrying Amount		Unpaid Contractual Balance
Commercial and Industrial	$	54,379	$	57,233	$	411,095	$	415,842	$	465,474	$	473,075


Total loans held-for-sale	$	54,379	$	57,233	$	411,095	$	415,842	$	465,474	$	473,075


	December 31, 2025
	Loans Held-for-Sale at Fair Value				Loans Held-for-Sale at Lower of Cost or Fair Value				Total Loans Held-for-Sale
(in thousands)	Carrying Amount		Unpaid Contractual Balance		Carrying Amount		Unpaid Contractual Balance		Carrying Amount		Unpaid Contractual Balance
Commercial and Industrial	$	62,251	$	65,281	$	317,411	$	321,295	$	379,662	$	386,576


Total loans held-for-sale	$	62,251	$	65,281	$	317,411	$	321,295	$	379,662	$	386,576

Schedule of Accounts, Notes, Loans and Financing Receivable

Loans held for investment at amortized cost, by loan category, as of June 30, 2026 and December 31, 2025, are presented in the following table:


(in thousands)	June 30, 2026		December 31, 2025
Commercial Real Estate	$	2,849,478	$	2,528,996
Commercial and Industrial	2,541,275		2,475,549
Consumer	205,119		217,689
Total loans held for investment at amortized cost	$	5,595,872	$	5,222,234

PREMISES AND EQUIPMENT - Narrative (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	Apr. 30, 2026	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Property, Plant, and Equipment [Line Items]
Other depreciation and amortization		$ 2,000	$ 1,800	$ 3,900	$ 3,500
Operating lease, right-of-use asset, derecognized	$ 9,700
Operating lease, lease liability, derecognized	13,300
Operating lease, right-of-use asset and lease liability, derecognized, net	3,600
Headquarters Acquisition
Property, Plant, and Equipment [Line Items]
Cash consideration	37,440
Operating lease, right-of-use asset and lease liability, derecognized, net	3,576
Net carrying value of assets acquired	$ 33,864

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 905
-SubTopic 360
-Name Accounting Standards Codification
-Section 25
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478704/905-360-25-4

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 05
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482338/360-10-05-3

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 30
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482222/360-10-30-2

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 05
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482338/360-10-05-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-1

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 05
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482338/360-10-05-3

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 05
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482338/360-10-05-3

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482558/350-40-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-7A

Investments, Debt and Equity Securities [Abstract]

LOANS - Proceeds From Sales of Financing Receivables and Corresponding Gains/Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Receivables [Abstract]
Proceeds from sales	$ 43,461	$ 108,858	$ 86,307	$ 167,631
Realized gains	252	344	218	976
Unrealized (losses)/gains, net	$ (770)	$ 100	$ (2,010)	$ 1,195

LEASES - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended
LEASES - Narrative (Details) $ in Millions	Jun. 30, 2026 USD ($) lease option	Jun. 30, 2025 USD ($)	Jun. 30, 2026 USD ($) lease option	Jun. 30, 2025 USD ($)	Apr. 30, 2026 USD ($) lease office_space
Lessee, Lease, Description [Line Items]
Number of operating leases \| lease	6		6
Number of office spaces leased \| office_space					3
Operating lease, right-of-use asset, derecognized					$ 9.7
Operating lease, lease liability, derecognized					$ 13.3
Lessee, operating lease, number of options to renew \| option	1		1
Operating lease, lease income	$ 1.4	$ 0.0	$ 1.4	$ 0.0
Headquarters Acquisition
Lessee, Lease, Description [Line Items]
Lessee, operating lease, renewal term					5 years
Number of leases acquired \| lease					15
Minimum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, renewal term	3 years		3 years
Maximum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, renewal term	5 years		5 years

INVESTMENT SECURITIES

6 Months Ended

Jun. 30, 2026

INVESTMENT SECURITIES

NOTE 3 – INVESTMENT SECURITIES

Investment Securities Available-For-Sale

Investment securities available-for-sale as of June 30, 2026 and December 31, 2025, consisted of the following securities:


	June 30, 2026
(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Fair Value
U.S. Treasury and government agencies	$	695,879	$	502	$	(537)	$	—	$	695,844
Residential agency mortgage-backed	316,727		52		(3,806)		—		312,973
Commercial agency mortgage-backed	185,835		283		(3,262)		—		182,856
Municipal bonds	9,481		27		(873)		—		8,635
Other	10,794		—		(437)		—		10,357
Total investment securities available-for-sale	$	1,218,716	$	864	$	(8,915)	$	—	$	1,210,665

	December 31, 2025
(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Fair Value
U.S. Treasury and government agencies	$	953,981	$	4,366	$	—	$	—	$	958,347
Residential agency mortgage-backed	138,262		1,077		(262)		—		139,077
Commercial agency mortgage-backed	135,588		1,004		(522)		—		136,070
Municipal bonds	9,485		46		(896)		—		8,635
Other	13,496		—		(738)		—		12,758
Total investment securities available-for-sale	$	1,250,812	$	6,493	$	(2,418)	$	—	$	1,254,887

The tables above exclude accrued interest receivables of $10.8 million and $13.4 million as of June 30, 2026 and December 31, 2025, respectively.

Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without penalties. The amortized cost and fair value of investment securities available-for-sale as of June 30, 2026 and December 31, 2025, by contractual maturity are presented in the following table:


	June 30, 2026				December 31, 2025
(in thousands)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
U.S. Treasury and government agencies:
One year or less	$	516,229	$	516,507	$	520,293	$	521,605
One to five years	179,650		179,337		433,688		436,742
Five to ten years	—		—		—		—
After ten years	—		—		—		—
Residential agency mortgage-backed:
One year or less	—		—		—		—
One to five years	71		70		109		107
Five to ten years	—		—		—		—
After ten years	316,656		312,903		138,153		138,970
Commercial agency mortgage-backed:
One year or less	—		—		—		—
One to five years	18,805		18,967		18,794		19,261
Five to ten years	8,458		8,425		13,396		13,612
After ten years	158,572		155,464		103,398		103,197
Municipal bonds:
One year or less	—		—		—		—
One to five years	3,075		2,970		2,081		2,096
Five to ten years	—		—		994		894
After ten years	6,406		5,665		6,410		5,645
Other:
One year or less	—		—		—		—
One to five years	—		—		—		—
Five to ten years	5,000		4,770		5,000		4,537
After ten years	5,794		5,587		8,496		8,221
	$	1,218,716	$	1,210,665	$	1,250,812	$	1,254,887

During the three and six months ended June 30, 2026, the Company sold no investment securities available-for-sale. There were no sales of investment securities available-for-sale during the three months ended June 30, 2025. During the six months ended June 30, 2025, the Company sold thirteen investment securities available-for-sale with an aggregate cost basis of $1.2 billion and sales proceeds of $1.2 billion. The Company realized gross gains of $1.1 million and no gross losses on the sales. There were no transfers of investment securities from available-for-sale to held-to-maturity during the three and six months ended June 30, 2026 or 2025.

As of June 30, 2026 and December 31, 2025, the Company had no pledged available-for-sale securities to secure FHLB advances. There were no outstanding FHLB advances as of June 30, 2026 and December 31, 2025.

See Note 11 – Borrowed Funds for more information on FHLB advances availability.

As of June 30, 2026 and December 31, 2025, the Company held no investment securities available-for-sale of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders’ equity.

Information pertaining to investment securities available-for-sale with gross unrealized losses as of June 30, 2026 and December 31, 2025, aggregated by investment category and length of time that individual securities have been in a continuous loss position, are presented in the following tables:


	June 30, 2026
	12 Months or Less				12 Months or More				Total
(in thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
U.S. Treasury and government agencies	$	200,312	$	(537)	$	—	$	—	$	200,312	$	(537)
Residential agency mortgage-backed	287,456		(3,710)		653		(96)		288,109		(3,806)
Commercial agency mortgage-backed	157,796		(3,120)		4,510		(142)		162,306		(3,262)
Municipal bonds	1,977		(15)		5,561		(858)		7,538		(873)
Other	90		—		10,267		(437)		10,357		(437)
Total	$	647,631	$	(7,382)	$	20,991	$	(1,533)	$	668,622	$	(8,915)

	December 31, 2025
	12 Months or Less				12 Months or More				Total
(in thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses

Residential agency mortgage-backed	49,759		(170)		719		(92)		50,478		(262)
Commercial agency mortgage-backed	59,754		(237)		8,901		(285)		68,655		(522)
Municipal bonds	1,978		(13)		5,541		(883)		7,519		(896)
Other	93		—		12,666		(738)		12,759		(738)
Total	$	111,584	$	(420)	$	27,827	$	(1,998)	$	139,411	$	(2,418)

The Company individually evaluates its investment securities available-for-sale for credit losses. As of June 30, 2026 and December 31, 2025, the Company determined no portion of the unrealized losses on its investment securities available-for-sale was due to credit factors. Unrealized losses on investment securities available-for-sale due to factors other than credit are largely due to the nature of the investments. Therefore, no allowance for credit losses was recorded as of June 30, 2026 or December 31, 2025. Additionally, the Company has the intent and ability to hold its investment securities available-for-sale for a period of time sufficient to allow for any anticipated recovery.

Investment Securities Held-to-Maturity

Investment securities held-to-maturity as of June 30, 2026 and December 31, 2025, consisted of the following securities:


	June 30, 2026
(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value

Municipal bonds	$	31,000	$	2,591	$	—	$	33,591
Other	17,744		458		(2,962)		15,240
Total investment securities held-to-maturity	$	48,744	$	3,049	$	(2,962)	$	48,831
Allowance for credit losses	(110)
Total investment securities held-to-maturity, net of allowance for credit losses	$	48,634

	December 31, 2025
(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value

Municipal bonds	$	31,200	$	3,736	$	—	$	34,936
Other	17,744		482		(2,687)		15,539
Total investment securities held-to-maturity	$	48,944	$	4,218	$	(2,687)	$	50,475
Allowance for credit losses	(110)
Total investment securities held-to-maturity, net of allowance for credit losses	$	48,834

The tables above exclude accrued interest receivables of $2.2 million and $1.7 million as of June 30, 2026 and December 31, 2025, respectively.

Expected maturities of investment securities held-to-maturity may differ from contractual maturities because issuers may have the right to call or prepay obligations without penalties. The amortized cost and fair value of investment securities held-to-maturity as of June 30, 2026 and December 31, 2025, by contractual maturity, are presented in the following table:


	June 30, 2026				December 31, 2025
(in thousands)	Amortized Cost		Fair Value		Amortized Cost		Fair Value





Municipal bonds:
One year or less	$	—	$	—	$	—	$	—
One to five years	31,000		33,591		31,200		34,936
Five to ten years	—		—		—		—
After ten years	—		—		—		—
Other:
One year or less	—		—		—		—
One to five years	—		—		—		—
Five to ten years	—		—		—		—
After ten years	17,744		15,240		17,744		15,539
Total	$	48,744	$	48,831	$	48,944	$	50,475

As of June 30, 2026 and December 31, 2025, there were no investment securities held-to-maturity of any one issuer in an amount greater than 10% of stockholders’ equity.

There were no sales of investment securities held-to-maturity or transfers of investment securities available-for-sale to investment securities held-to-maturity during the three and six months ended June 30, 2026 or 2025.

Information pertaining to investment securities held-to-maturity with gross unrealized losses as of June 30, 2026 and December 31, 2025, aggregated by investment category and length of time that individual securities have been in a continuous loss position, are presented in the following tables:


	June 30, 2026
	12 Months or Less				12 Months or More				Total
(in thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses


Other	$	105	$	—	$	13,756	$	(2,962)	$	13,861	$	(2,962)
Total	$	105	$	—	$	13,756	$	(2,962)	$	13,861	$	(2,962)

	December 31, 2025
	12 Months or Less				12 Months or More				Total
(in thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses


Other	$	—	$	—	$	14,032	$	(2,687)	$	14,032	$	(2,687)
Total	$	—	$	—	$	14,032	$	(2,687)	$	14,032	$	(2,687)

The Company collectively evaluates its investment securities held-to-maturity for credit losses. As of June 30, 2026 and December 31, 2025, the Company recorded an allowance for credit losses on its investment securities held-to-maturity.

The following tables summarize the activity in the allowance for credit losses for investment securities held-to-maturity for the three and six months ended June 30, 2026 and 2025:


	For the Three Months Ended
	June 30, 2026
(in thousands)	Municipal bonds		Other		Total
Balance at beginning of period	$	66	$	44	$	110
Provision for credit losses	—		—		—
Balance at end of period	$	66	$	44	$	110


	For the Three Months Ended
	June 30, 2025
(in thousands)	Municipal bonds		Other		Total
Balance at beginning of period	$	109	$	52	$	161
Provision for credit losses	—		—		—
Balance at end of period	$	109	$	52	$	161


	For the Six Months Ended
	June 30, 2026
(in thousands)	Municipal bonds		Other		Total
Balance at beginning of period	$	66	$	44	$	110
Provision for credit losses	—		—		—
Balance at end of period	$	66	$	44	$	110


	For the Six Months Ended
	June 30, 2025
(in thousands)	Municipal bonds		Other		Total
Balance at beginning of period	$	109	$	52	$	161
Provision for credit losses	—		—		—
Balance at end of period	$	109	$	52	$	161

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
OPERATING ACTIVITIES
Net income	$ 15,754	$ 26,236
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
Depreciation and intangible asset amortization	4,788	4,216
Provision for credit losses	9,372	12,549
Accretion of net discounts on investment securities, net	(3,048)	(13,184)
Amortization of deferred fees and costs on loans, net	(12,693)	(13,181)
Increase in loans originated for sale, net	(85,284)	(17,092)
Gains on sales of loans and investment securities, net	(218)	(2,170)
Stock-based compensation	7,262	4,348
Deferred income taxes	11,179	0
Other	6,681	112
Net change in assets and liabilities:
Accrued interest receivable	8,710	(6,987)
Other assets	(20,242)	(21,770)
Other liabilities	(4,764)	(22,534)
Net cash used in operating activities	(62,503)	(49,457)
INVESTING ACTIVITIES
Net increase in loans held for investment, at amortized cost	(369,399)	(505,826)
Net decrease in loans held for investment, at fair value	1,953	1,215
Purchase of investment securities available-for-sale	(247,521)	(1,029,853)
Proceeds, maturities, prepayments and calls of securities available-for-sale	282,665	1,252,917
Proceeds, maturities, prepayments and calls of securities held-to-maturity	200	186
Acquisition of corporate headquarters	(37,440)	0
Proceeds from sales of other real estate owned	3,160	17,837
(Purchase of)/proceeds from Federal Home Loan Bank of Atlanta stock, net	(473)	11,577
Other	(4,806)	(4,517)
Net cash used in investing activities	(371,661)	(256,464)
FINANCING ACTIVITIES
Net increase in deposits	487,920	415,375
Repayment of subordinated debt	0	(24,000)
Proceeds from other borrowings	0	1,000,000
Repayments of other borrowings	0	(1,250,000)
Gross proceeds from issuance of common stock	142,200	0
Payment of offering costs	(9,605)	0
Proceeds from exercise of stock options under employee stock plans	552	1,044
Shares withheld for tax withholding and exercise of stock options and restricted shares	(902)	(734)
Net cash provided by financing activities	620,165	141,685
Net increase/(decrease) in cash, cash equivalents and restricted cash	186,001	(164,236)
Beginning cash, cash equivalents and restricted cash	648,715	1,179,982
Ending cash, cash equivalents and restricted cash	834,716	1,015,746
Supplemental cash flow disclosures:
Interest payments	126,654	120,519
Income tax payments, net of refunds of $563 and $377, respectively	1,521	1,186
Noncash investing activity:
Net amount of right-of-use assets and lease liabilities applied to carrying value of corporate headquarters	(3,576)	0
Loans held-for-sale transferred to loans held for investment (at fair value), net	151	157
Loans held for investment (at amortized cost) transferred to loans held-for-sale, net	48	0
Accrued deferred initial public offering costs	$ 1,549	$ 0

STOCKHOLDERS' EQUITY (Details) - USD ($) $ / shares in Units, $ in Thousands			3 Months Ended	6 Months Ended
	Jul. 14, 2026	Jun. 11, 2026	Jun. 30, 2026	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Class of Stock [Line Items]
Common and preferred stock, authorized (in shares)			108,200,000	108,200,000
Common stock, authorized (in shares)			103,200,000	103,200,000		103,200,000
Common stock, par value (in dollars per share)			$ 0.001	$ 0.001		$ 0.001
Preferred stock, authorized (in shares)			5,000,000	5,000,000		5,000,000
Preferred stock, par value (in dollars per share)			$ 0.001	$ 0.001		$ 0.001
Preferred stock, issued (in shares)			0	0		0
Preferred stock, outstanding (in shares)			0	0		0
Issuance of common stock, net of offering costs			$ 131,046	$ 131,046
Payments of stock issuance costs				$ 9,605	$ 0
Voting Common stock
Class of Stock [Line Items]
Common stock, authorized (in shares)			51,600,000	51,600,000
Common stock, par value (in dollars per share)			$ 0.001	$ 0.001
Common stock, issued (in shares)			28,949,031	28,949,031		19,438,060
Common stock, outstanding (in shares)			28,949,031	28,949,031		19,438,060
Issuance of common stock, net of costs (in shares)		7,900,000
Issuance of common stock, net of offering costs		$ 131,000
Payments of stock issuance costs		$ 11,200
Voting Common stock \| Subsequent Event
Class of Stock [Line Items]
Issuance of common stock, net of costs (in shares)	1,012,085
Issuance of common stock, net of offering costs	$ 17,100
Payments of stock issuance costs	$ 1,100
Non-voting Common stock
Class of Stock [Line Items]
Common stock, authorized (in shares)			51,600,000	51,600,000
Common stock, par value (in dollars per share)			$ 0.001	$ 0.001
Common stock, issued (in shares)			20,748,177	20,748,177		21,242,551
Common stock, outstanding (in shares)			20,748,177	20,748,177		21,242,551

Consolidated Statements of Changes in Stockholders’ Equity - USD ($) $ in Thousands	Total	Voting Common stock	Non-voting Common stock	Common Stock Voting Common stock	Common Stock Non-voting Common stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive income/(loss)
Beginning balance (in shares) at Dec. 31, 2024				19,001,365	21,242,551
Beginning balance at Dec. 31, 2024	$ 721,954			$ 19	$ 21	$ 481,455	$ 240,902	$ (443)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	26,236						26,236
Other comprehensive loss, net of tax	(552)							(552)
Total comprehensive income	25,684
Exercise of stock options (in shares)				93,200
Exercise of stock options	1,044					1,044
Stock-based compensation (in shares)				363,522
Stock-based compensation	4,348			$ 1		4,347
Shares withheld for tax withholding and exercise of stock options and restricted shares (in shares)				(42,196)
Shares withheld for tax withholding and exercise of stock options and restricted shares	(734)					(734)
Ending balance (in shares) at Jun. 30, 2025				19,415,891	21,242,551
Ending balance at Jun. 30, 2025	752,296			$ 20	$ 21	486,112	267,138	(995)
Beginning balance (in shares) at Mar. 31, 2025				19,013,529	21,242,551
Beginning balance at Mar. 31, 2025	736,359			$ 19	$ 21	483,414	252,029	876
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	15,109						15,109
Other comprehensive loss, net of tax	(1,871)							(1,871)
Total comprehensive income	13,238
Exercise of stock options (in shares)				53,200
Exercise of stock options	672					672
Stock-based compensation (in shares)				363,522
Stock-based compensation	2,267			$ 1		2,266
Shares withheld for tax withholding and exercise of stock options and restricted shares (in shares)				(14,360)
Shares withheld for tax withholding and exercise of stock options and restricted shares	(240)					(240)
Ending balance (in shares) at Jun. 30, 2025				19,415,891	21,242,551
Ending balance at Jun. 30, 2025	752,296			$ 20	$ 21	486,112	267,138	(995)
Beginning balance (in shares) at Dec. 31, 2025		19,438,060	21,242,551	19,438,060	21,242,551
Beginning balance at Dec. 31, 2025	822,443			$ 20	$ 21	490,550	328,828	3,024
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	15,754						15,754
Other comprehensive loss, net of tax	(8,992)							(8,992)
Total comprehensive income	6,762
Issuance of common stock, net of costs (in shares)				7,900,000
Issuance of common stock, net of offering costs	131,046			$ 8		131,038
Exercise of stock options (in shares)				36,400
Exercise of stock options	552					552
Stock-based compensation (in shares)				1,124,985
Stock-based compensation	7,262			$ 1		7,261
Conversion of non-voting to voting common stock (in shares)				494,374	(494,374)
Shares withheld for tax withholding and exercise of stock options and restricted shares (in shares)				(44,788)
Shares withheld for tax withholding and exercise of stock options and restricted shares	(902)					(902)
Ending balance (in shares) at Jun. 30, 2026		28,949,031	20,748,177	28,949,031	20,748,177
Ending balance at Jun. 30, 2026	967,163			$ 29	$ 21	628,499	344,582	(5,968)
Beginning balance (in shares) at Mar. 31, 2026				19,605,006	21,242,551
Beginning balance at Mar. 31, 2026	831,195			$ 20	$ 21	493,074	340,460	(2,380)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	4,122						4,122
Other comprehensive loss, net of tax	(3,588)							(3,588)
Total comprehensive income	534
Issuance of common stock, net of costs (in shares)				7,900,000
Issuance of common stock, net of offering costs	$ 131,046			$ 8		131,038
Exercise of stock options (in shares)	36,400			36,400
Exercise of stock options	$ 552					552
Stock-based compensation (in shares)				943,125
Stock-based compensation	4,438			$ 1		4,437
Conversion of non-voting to voting common stock (in shares)				494,374	(494,374)
Shares withheld for tax withholding and exercise of stock options and restricted shares (in shares)				(29,874)
Shares withheld for tax withholding and exercise of stock options and restricted shares	(602)					(602)
Ending balance (in shares) at Jun. 30, 2026		28,949,031	20,748,177	28,949,031	20,748,177
Ending balance at Jun. 30, 2026	$ 967,163			$ 29	$ 21	$ 628,499	$ 344,582	$ (5,968)

OTHER EARNING ASSETS - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other earning assets, financing receivable, after allowance for credit loss	$ 36.9	$ 42.8
Direct funding related income, net	0.1	0.2
Equity method investments	$ 13.6	$ 13.1

This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.

Regulatory Capital Requirements under Banking Regulations [Abstract]

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026	Dec. 31, 2025	Jun. 30, 2025	Mar. 31, 2025	Dec. 31, 2024
Statement [Line Items]
Debt securities, held-to-maturity, allowance for credit loss	$ 110	$ 110	$ 110	$ 161	$ 161	$ 161
Preferred stock, par value (in dollars per share)	$ 0.001		$ 0.001
Preferred stock, authorized (in shares)	5,000,000		5,000,000
Preferred stock, issued (in shares)	0		0
Preferred stock, outstanding (in shares)	0		0
Common stock, par value (in dollars per share)	$ 0.001		$ 0.001
Common stock, authorized (in shares)	103,200,000		103,200,000
Voting Common stock
Statement [Line Items]
Common stock, par value (in dollars per share)	$ 0.001
Common stock, authorized (in shares)	51,600,000
Common stock, issued (in shares)	28,949,031		19,438,060
Common stock, outstanding (in shares)	28,949,031		19,438,060
Non-voting Common stock
Statement [Line Items]
Common stock, par value (in dollars per share)	$ 0.001
Common stock, authorized (in shares)	51,600,000
Common stock, issued (in shares)	20,748,177		21,242,551
Common stock, outstanding (in shares)	20,748,177		21,242,551

REGULATORY MATTERS

6 Months Ended

Jun. 30, 2026

REGULATORY MATTERS

NOTE 20 – REGULATORY MATTERS

The Company and the Bank are subject to regulatory capital requirements administered by federal and state banking agencies. As of June 30, 2026 and December 31, 2025, each of the Company and the Bank qualified as a community banking organization under the community bank leverage ratio ("CBLR") framework and elected to measure capital adequacy under that framework. Effective July 1, 2026, the required minimum capital level under CBLR decreased from 9% to 8%. For a description of the CBLR framework, discussion of the changes effective July 1, 2026, and applicable capital requirements, refer to Management’s Discussion and Analysis of Results of Operations and Financial Condition—Liquidity and Capital Resources—Capital Resources within this Quarterly Form 10-Q.


	Actual				To Be Well Capitalized Under Prompt Corrective Action Provisions (CBLR Framework)
(dollars in thousands)	Amount		Ratio		Amount		Ratio
As of June 30, 2026:
Required under CBLR framework:
Tier 1 leverage ratio:
Company	$	841,241	10.38	%	$	729,154	9.00	%
Bank	$	909,300	11.24	%	$	727,930	9.00	%
Optional under CBLR framework:
Total capital to risk-weighted assets ratio:
Company	$	1,041,003	16.05	%	N/A		N/A
Bank	$	967,774	14.98	%	N/A		N/A
Tier 1 capital to risk-weighted assets ratio:
Company	$	841,241	12.97	%	N/A		N/A
Bank	$	909,300	14.08	%	N/A		N/A
Common Equity Tier 1 to risk weighted-assets ratio:
Company	$	841,241	12.97	%	N/A		N/A
Bank	$	909,300	14.08	%	N/A		N/A

As of December 31, 2025:
Required under CBLR framework:
Tier 1 leverage ratio:
Company	$	748,650	9.79	%	$	688,367	9.00	%
Bank	$	848,960	11.11	%	$	687,907	9.00	%
Optional under CBLR framework:
Total capital to risk-weighted assets ratio:
Company	$	934,965	15.89	%	N/A		N/A
Bank	$	894,305	15.14	%	N/A		N/A
Tier 1 capital to risk-weighted assets ratio:
Company	$	748,650	12.72	%	N/A		N/A
Bank	$	848,960	14.37	%	N/A		N/A
Common Equity Tier 1 to risk weighted-assets ratio:
Company	$	748,650	12.72	%	N/A		N/A
Bank	$	848,960	14.37	%	N/A		N/A

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1A

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

NOTE 18 – EARNINGS PER COMMON SHARE

The following table presents the calculation of basic and diluted earnings per Voting and Non-voting common share for the three months ended June 30, 2026 and 2025:


	For the Three Months Ended
	June 30, 2026				June 30, 2025
(in thousands, except share and per share data)	Voting		Non-Voting		Voting		Non-Voting
Basic Earnings Per Common Share:
Net income	$	2,069	$	2,053	$	7,134	$	7,975
Weighted-average shares - basic	21,175,037		21,014,378		19,000,131		21,242,551
Basic earnings per common share	$	0.10	$	0.10	$	0.38	$	0.38
Diluted Earnings Per Common Share:
Net income	$	2,176	$	1,946	$	7,335	$	7,774
Weighted-average shares - basic	21,175,037		21,014,378		19,000,131		21,242,551
Effect of dilutive securities - stock options and restricted stock awards	2,323,285		—		1,042,752		—
Weighted-average shares - diluted	23,498,322		21,014,378		20,042,883		21,242,551
Diluted earnings per common share	$	0.09	$	0.09	$	0.37	$	0.37

The following table presents the calculation of basic and diluted earnings per Voting and Non-voting common share for the six months ended June 30, 2026 and 2025:


	For the Six Months Ended
	June 30, 2026				June 30, 2025
(in thousands, except share and per share data)	Voting		Non-Voting		Voting		Non-Voting
Basic Earnings Per Common Share:
Net income	$	7,569	$	8,185	$	12,385	$	13,851
Weighted-average shares - basic	20,120,097		21,127,834		18,993,327		21,242,551
Basic earnings per common share	$	0.38	$	0.39	$	0.65	$	0.65
Diluted Earnings Per Common Share:
Net income	$	7,983	$	7,771	$	12,769	$	13,467
Weighted-average shares - basic	20,120,097		21,127,834		18,993,327		21,242,551
Effect of dilutive securities - stock options and restricted stock awards	2,224,165		—		1,164,416		—
Weighted-average shares - diluted	22,344,262		21,127,834		20,157,743		21,242,551
Diluted earnings per common share	$	0.36	$	0.37	$	0.63	$	0.63

The Company has two classes of common stock, Voting and Non-voting, which are participating securities. Earnings are allocated to each class based on their respective participation rights, and basic and diluted earnings per share are presented under the two-class method in accordance with ASC 260. All potentially dilutive shares have voting rights, and net income has been reallocated to reflect the incremental dilutive voting shares.

Diluted weighted-average shares outstanding includes 2,323,285 and 2,224,165 incremental common stock equivalents related to stock options, restricted stock awards, and restricted stock units as calculated under the treasury-stock method for the three and six months ended June 30, 2026, respectively, as the stock options and restricted stock awards are not considered participating securities. Diluted weighted-average shares outstanding includes 1,042,752 and 1,164,416 incremental common stock equivalents related to stock options and restricted stock awards as calculated under the treasury-stock method for the three and six months ended June 30, 2025, respectively, as the stock options and restricted stock awards are not considered participating securities.

For the three and six months ended June 30, 2026, 21,966 shares and 20,438 shares, respectively, of common stock equivalents were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. For the three and six months ended June 30, 2025, 18,320 shares and 19,684 shares, respectively, of common stock equivalents were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

Additionally, for the three and six months ended June 30, 2026 and 2025, 2,335,736 stock options and 2,325,336 stock options, respectively, with unresolved substantive contingencies that must be satisfied before shares can be exercised and issued, and therefore do not represent potential shares of common stock, have been excluded from the weighted-average shares outstanding to calculate basic and diluted earnings per common share.

As of June 30, 2026 and 2025, 1,463,013 shares and 386,522 shares, respectively, of unvested restricted stock awards with voting rights are included in outstanding shares of common stock on the Consolidated Statements of Changes in Stockholders’ Equity, but are excluded from the calculation of basic earnings per share.

DEPOSITS

6 Months Ended

Jun. 30, 2026

Deposits [Abstract]

DEPOSITS

NOTE 10 – DEPOSITS

Deposit balances as of June 30, 2026 and December 31, 2025, are presented in the following table:


(in thousands)	June 30, 2026		December 31, 2025

Non-interest-bearing deposits	$	435,065		$	372,444
Interest-bearing deposits:
Demand	284,748			275,259
Money market	1,394,865			1,206,544
Savings	3,878,206			3,500,532
Time deposits less than $250 thousand	1,100,398			1,242,892
Time deposits greater than $250 thousand	172,553			180,244
Total interest-bearing deposits	6,830,770			6,405,471
Total deposits	$	7,265,835		$	6,777,915

The following table presents the maturities of time deposits as of June 30, 2026, for the years indicated:


(in thousands)	Amount
Remaining 2026	$	335,650
2027	688,728
2028	110,854
2029	112,334
2030	25,370
Thereafter	15
Total time deposits	$	1,272,951

The Company’s time deposits of $250 thousand or greater represented 13.6% of total time deposits as of June 30, 2026, and are presented by maturity in the following table:


	Months to Maturity
(in thousands)	3 or Less		Over 3 to 6		Over 6 to 12		Over 12		Total
Time deposits greater than $250 thousand	$	24,091	$	36,968	$	108,548	$	2,946	$	172,553

Deposits received in the ordinary course of business from related parties held as of June 30, 2026 and December 31, 2025, were $5.7 million and $5.2 million, respectively. See Note 19 – Related Party Transactions for more information.

RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2026

RELATED PARTY TRANSACTIONS

NOTE 19 – RELATED PARTY TRANSACTIONS

In the ordinary course of business, the Company may make loans to and receive deposits from related parties, which primarily includes principal officers and directors, and their affiliates. The Company had no loans outstanding to related parties as of June 30, 2026 and December 31, 2025. The aggregate amounts of deposits from related parties as of June 30, 2026 and December 31, 2025, was $5.7 million and $5.2 million, respectively. For more information on the activity of loans and deposits with related parties, see Note 4 – Loans and Note 10 – Deposits, respectively.

The Company has a related party relationship with BancAlliance because certain employees of the Company also hold officer roles with BancAlliance, and a subsidiary of the Company serves as the asset manager of BancAlliance members. The Company sources loans for its own balance sheet and makes those loans available for sale through the BancAlliance program. Loans sold to BancAlliance are immediately sold to members in the program with terms of loan sales, including pricing, dictated by a Master Participation Agreement for the program that applies the same to all members of BancAlliance. BancAlliance is a pass-through participant and does not incur an economic or accounting impact from the program.


	For the Three Months Ended				For the Six Months Ended
(in thousands)	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Loans sold to BancAlliance	$	40,919	$	84,884	$	77,195	$	138,157
Net gains realized on loans sold to BancAlliance	$	256	$	498	$	482	$	891

As of June 30, 2026 and December 31, 2025, the amounts due from BancAlliance related to funding and expense advancements were $3.4 million and $6.0 million, respectively.

In the ordinary course of business, the Company incurs expenses from transactions with vendors who are considered related parties. These transactions resulted in a non-material amount of expense for the three and six months ended June 30, 2026 and 2025.

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/850/tableOfContent

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-Paragraph 6
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-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

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-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK, COMMITMENTS AND CONTINGENCIES - Provision for Credit Losses on Unfunded Commitments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Other Commitments [Line Items]
Provision for credit losses	$ 5,899	$ 4,090	$ 9,372	$ 12,549
Unfunded Loan Commitment
Other Commitments [Line Items]
Provision for credit losses	$ 1,378	$ 955	$ 982	$ 933

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Statement of Comprehensive Income [Abstract]
Net income	$ 4,122	$ 15,109	$ 15,754	$ 26,236
Other comprehensive loss, net:
Net change in unrealized (loss)/gain on investment securities available-for-sale	(4,837)	(2,511)	(12,126)	448
Related income tax effect	1,249	640	3,134	(107)
Reclassification of gain on investment securities available-for-sale to income	0	0	0	(1,194)
Related income tax effect	0	0	0	301
Total other comprehensive loss, net	(3,588)	(1,871)	(8,992)	(552)
Total comprehensive income	$ 534	$ 13,238	$ 6,762	$ 25,684

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Investments, Debt and Equity Securities [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Dec. 31, 2025
Amortizing intangible assets:
Gross Carrying Amount	$ 25,886	$ 20,632
Accumulated Amortization	(10,555)	(9,580)
Net Carrying Amount	15,331	11,052
Indefinite life intangible asset	2,114	2,114
Total intangible assets	17,445	13,166
Goodwill	18,519	18,519
Total goodwill and intangible assets, net	35,964	31,685
Core deposit intangible
Amortizing intangible assets:
Gross Carrying Amount	1,491	1,491
Accumulated Amortization	(1,491)	(1,491)
Net Carrying Amount	0	0
Customer relationship intangibles
Amortizing intangible assets:
Gross Carrying Amount	18,742	18,742
Accumulated Amortization	(8,256)	(7,690)
Net Carrying Amount	10,486	11,052
In-place lease intangibles
Amortizing intangible assets:
Gross Carrying Amount	3,793
Accumulated Amortization	(359)
Net Carrying Amount	$ 3,434
Intangible asset, finite-lived, acquired, weighted-average amortization period	4 years 9 months 18 days
Above/below market rent intangibles
Amortizing intangible assets:
Gross Carrying Amount	$ 1,461
Accumulated Amortization	(50)
Net Carrying Amount	$ 1,411
Intangible asset, finite-lived, acquired, weighted-average amortization period	4 years 10 months 24 days
Other
Amortizing intangible assets:
Gross Carrying Amount	$ 399	399
Accumulated Amortization	(399)	(399)
Net Carrying Amount	$ 0	$ 0

LEASES - Lessor, Maturity (Details) $ in Thousands	Jun. 30, 2026 USD ($)
Leases [Abstract]
Remaining 2026	$ 2,972
2027	5,196
2028	4,839
2029	3,525
2030	2,372
Thereafter	5,451
Total lease payments	$ 24,355

INVESTMENT SECURITIES (Tables)

6 Months Ended

Jun. 30, 2026

Debt Securities, Available-for-Sale

Investment securities available-for-sale as of June 30, 2026 and December 31, 2025, consisted of the following securities:


	June 30, 2026
(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Fair Value
U.S. Treasury and government agencies	$	695,879	$	502	$	(537)	$	—	$	695,844
Residential agency mortgage-backed	316,727		52		(3,806)		—		312,973
Commercial agency mortgage-backed	185,835		283		(3,262)		—		182,856
Municipal bonds	9,481		27		(873)		—		8,635
Other	10,794		—		(437)		—		10,357
Total investment securities available-for-sale	$	1,218,716	$	864	$	(8,915)	$	—	$	1,210,665

	December 31, 2025
(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Fair Value
U.S. Treasury and government agencies	$	953,981	$	4,366	$	—	$	—	$	958,347
Residential agency mortgage-backed	138,262		1,077		(262)		—		139,077
Commercial agency mortgage-backed	135,588		1,004		(522)		—		136,070
Municipal bonds	9,485		46		(896)		—		8,635
Other	13,496		—		(738)		—		12,758
Total investment securities available-for-sale	$	1,250,812	$	6,493	$	(2,418)	$	—	$	1,254,887

The amortized cost and fair value of investment securities available-for-sale as of June 30, 2026 and December 31, 2025, by contractual maturity are presented in the following table:


	June 30, 2026				December 31, 2025
(in thousands)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
U.S. Treasury and government agencies:
One year or less	$	516,229	$	516,507	$	520,293	$	521,605
One to five years	179,650		179,337		433,688		436,742
Five to ten years	—		—		—		—
After ten years	—		—		—		—
Residential agency mortgage-backed:
One year or less	—		—		—		—
One to five years	71		70		109		107
Five to ten years	—		—		—		—
After ten years	316,656		312,903		138,153		138,970
Commercial agency mortgage-backed:
One year or less	—		—		—		—
One to five years	18,805		18,967		18,794		19,261
Five to ten years	8,458		8,425		13,396		13,612
After ten years	158,572		155,464		103,398		103,197
Municipal bonds:
One year or less	—		—		—		—
One to five years	3,075		2,970		2,081		2,096
Five to ten years	—		—		994		894
After ten years	6,406		5,665		6,410		5,645
Other:
One year or less	—		—		—		—
One to five years	—		—		—		—
Five to ten years	5,000		4,770		5,000		4,537
After ten years	5,794		5,587		8,496		8,221
	$	1,218,716	$	1,210,665	$	1,250,812	$	1,254,887

Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value


	June 30, 2026
	12 Months or Less				12 Months or More				Total
(in thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
U.S. Treasury and government agencies	$	200,312	$	(537)	$	—	$	—	$	200,312	$	(537)
Residential agency mortgage-backed	287,456		(3,710)		653		(96)		288,109		(3,806)
Commercial agency mortgage-backed	157,796		(3,120)		4,510		(142)		162,306		(3,262)
Municipal bonds	1,977		(15)		5,561		(858)		7,538		(873)
Other	90		—		10,267		(437)		10,357		(437)
Total	$	647,631	$	(7,382)	$	20,991	$	(1,533)	$	668,622	$	(8,915)

	December 31, 2025
	12 Months or Less				12 Months or More				Total
(in thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses

Residential agency mortgage-backed	49,759		(170)		719		(92)		50,478		(262)
Commercial agency mortgage-backed	59,754		(237)		8,901		(285)		68,655		(522)
Municipal bonds	1,978		(13)		5,541		(883)		7,519		(896)
Other	93		—		12,666		(738)		12,759		(738)
Total	$	111,584	$	(420)	$	27,827	$	(1,998)	$	139,411	$	(2,418)

Debt Securities, Held-to-Maturity

Investment securities held-to-maturity as of June 30, 2026 and December 31, 2025, consisted of the following securities:


	June 30, 2026
(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value

Municipal bonds	$	31,000	$	2,591	$	—	$	33,591
Other	17,744		458		(2,962)		15,240
Total investment securities held-to-maturity	$	48,744	$	3,049	$	(2,962)	$	48,831
Allowance for credit losses	(110)
Total investment securities held-to-maturity, net of allowance for credit losses	$	48,634

	December 31, 2025
(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value

Municipal bonds	$	31,200	$	3,736	$	—	$	34,936
Other	17,744		482		(2,687)		15,539
Total investment securities held-to-maturity	$	48,944	$	4,218	$	(2,687)	$	50,475
Allowance for credit losses	(110)
Total investment securities held-to-maturity, net of allowance for credit losses	$	48,834

The amortized cost and fair value of investment securities held-to-maturity as of June 30, 2026 and December 31, 2025, by contractual maturity, are presented in the following table:


	June 30, 2026				December 31, 2025
(in thousands)	Amortized Cost		Fair Value		Amortized Cost		Fair Value





Municipal bonds:
One year or less	$	—	$	—	$	—	$	—
One to five years	31,000		33,591		31,200		34,936
Five to ten years	—		—		—		—
After ten years	—		—		—		—
Other:
One year or less	—		—		—		—
One to five years	—		—		—		—
Five to ten years	—		—		—		—
After ten years	17,744		15,240		17,744		15,539
Total	$	48,744	$	48,831	$	48,944	$	50,475

Debt Securities, Held-to-Maturity, Unrealized Loss Position, Fair Value


	June 30, 2026
	12 Months or Less				12 Months or More				Total
(in thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses


Other	$	105	$	—	$	13,756	$	(2,962)	$	13,861	$	(2,962)
Total	$	105	$	—	$	13,756	$	(2,962)	$	13,861	$	(2,962)

	December 31, 2025
	12 Months or Less				12 Months or More				Total
(in thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses


Other	$	—	$	—	$	14,032	$	(2,687)	$	14,032	$	(2,687)
Total	$	—	$	—	$	14,032	$	(2,687)	$	14,032	$	(2,687)

Debt Securities, Held-to-Maturity, Allowance for Credit Loss

The following tables summarize the activity in the allowance for credit losses for investment securities held-to-maturity for the three and six months ended June 30, 2026 and 2025:


	For the Three Months Ended
	June 30, 2026
(in thousands)	Municipal bonds		Other		Total
Balance at beginning of period	$	66	$	44	$	110
Provision for credit losses	—		—		—
Balance at end of period	$	66	$	44	$	110


	For the Three Months Ended
	June 30, 2025
(in thousands)	Municipal bonds		Other		Total
Balance at beginning of period	$	109	$	52	$	161
Provision for credit losses	—		—		—
Balance at end of period	$	109	$	52	$	161


	For the Six Months Ended
	June 30, 2026
(in thousands)	Municipal bonds		Other		Total
Balance at beginning of period	$	66	$	44	$	110
Provision for credit losses	—		—		—
Balance at end of period	$	66	$	44	$	110


	For the Six Months Ended
	June 30, 2025
(in thousands)	Municipal bonds		Other		Total
Balance at beginning of period	$	109	$	52	$	161
Provision for credit losses	—		—		—
Balance at end of period	$	109	$	52	$	161

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity).

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-Topic 320
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-Topic 320
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Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
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CREDIT QUALITY ASSESSMENT - Schedule of Other Real Estate (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Other Real Estate [Roll Forward]
Balance at beginning of period	$ 7,109	$ 26,076	$ 8,729	$ 25,476
Improvements	0	418	0	1,018
Sales	(2,382)	(17,452)	(3,258)	(17,452)
Valuation adjustments	(85)	(589)	(829)	(589)
Balance at end of period	$ 4,642	$ 8,453	$ 4,642	$ 8,453

INVESTMENT SECURITIES - Maturities of Investment Securities Held-to-Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Carrying Value or Amortized Cost
Amortized Cost	$ 48,744	$ 48,944
Fair Value
Fair Value	48,831	50,475
Municipal bonds
Carrying Value or Amortized Cost
One year or less	0	0
One to five years	31,000	31,200
Five to ten years	0	0
After ten years	0	0
Amortized Cost	31,000	31,200
Fair Value
One year or less	0	0
One to five years	33,591	34,936
Five to ten years	0	0
After ten years	0	0
Fair Value	33,591	34,936
Other
Carrying Value or Amortized Cost
One year or less	0	0
One to five years	0	0
Five to ten years	0	0
After ten years	17,744	17,744
Amortized Cost	17,744	17,744
Fair Value
One year or less	0	0
One to five years	0	0
Five to ten years	0	0
After ten years	15,240	15,539
Fair Value	$ 15,240	$ 15,539

RELATED PARTY TRANSACTIONS - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Related Party Transaction [Line Items]
Loans outstanding	$ 5,541,251	$ 5,169,248
Deposits	7,265,835	6,777,915
Related Party
Related Party Transaction [Line Items]
Loans outstanding	0	0
Deposits	5,700	5,200
Related Party \| BancAlliance
Related Party Transaction [Line Items]
Amounts due related to funding and expense advancements	$ 3,400	$ 6,000

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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CREDIT QUALITY ASSESSMENT - Aging Analysis of Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	$ 5,541,251	$ 5,169,248
Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	5,523,401	5,154,532
Past due loans: \| Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	4,739	78,410
30 - 59 days past due \| Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	1,842	77,196
60 - 89 days past due \| Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	2,897	1,214
90 or more days past due \| Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	0	0
Current loans \| Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	5,518,662	5,076,122
Commercial Real Estate \| Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	2,782,166	2,468,635
Commercial Real Estate \| Past due loans: \| Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	2,003	32,412
Commercial Real Estate \| 30 - 59 days past due \| Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	0	32,412
Commercial Real Estate \| 60 - 89 days past due \| Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	2,003	0
Commercial Real Estate \| 90 or more days past due \| Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	0	0
Commercial Real Estate \| Current loans \| Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	2,780,163	2,436,223
Commercial and Industrial \| Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	2,537,523	2,470,065
Commercial and Industrial \| Past due loans: \| Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	0	42,609
Commercial and Industrial \| 30 - 59 days past due \| Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	0	42,487
Commercial and Industrial \| 60 - 89 days past due \| Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	0	122
Commercial and Industrial \| 90 or more days past due \| Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	0	0
Commercial and Industrial \| Current loans \| Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	2,537,523	2,427,456
Consumer \| Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	203,712	215,832
Consumer \| Past due loans: \| Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	2,736	3,389
Consumer \| 30 - 59 days past due \| Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	1,842	2,297
Consumer \| 60 - 89 days past due \| Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	894	1,092
Consumer \| 90 or more days past due \| Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	0	0
Consumer \| Current loans \| Financing Receivable on Accrual Status
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans held for investment at amortized cost	$ 200,976	$ 212,443

FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair Value, Quantitative Inputs (Details) $ in Thousands	Jun. 30, 2026 USD ($)	Dec. 31, 2025 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale:	$ 1,210,665	$ 1,254,887
Loans held-for-sale at fair value	54,379	62,251
Loans held for investment at fair value	3,481	4,645
Discounted Cash Flow \| Discount for Risk of Non-Payment
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale at fair value	6,481	4,192
Loans held for investment at fair value	1,102	792
Market Observations \| Market (Premium)/Discount
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale at fair value	47,898	58,059
Loans held for investment at fair value	$ 2,379	$ 3,853
Minimum \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.089	0.093
Loans held for investment, measurement input	0.089	0.093
Minimum \| Discounted Cash Flow \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale, measurement input	0.080	0.075
Minimum \| Discounted Cash Flow \| Discount for Risk of Non-Payment
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.232	0.100
Loans held for investment, measurement input	0.232	0.100
Minimum \| Market Observations \| Market (Premium)/Discount
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	(0.004)	(0.014)
Loans held for investment, measurement input	(0.004)	(0.014)
Maximum \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.118	0.118
Loans held for investment, measurement input	0.118	0.118
Maximum \| Discounted Cash Flow \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale, measurement input	0.080	0.076
Maximum \| Discounted Cash Flow \| Discount for Risk of Non-Payment
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.507	0.400
Loans held for investment, measurement input	0.507	0.400
Maximum \| Market Observations \| Market (Premium)/Discount
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.125	0.076
Loans held for investment, measurement input	0.125	0.076
Weighted Average \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.094	0.100
Loans held for investment, measurement input	0.096	0.104
Weighted Average \| Discounted Cash Flow \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale, measurement input	0.080	0.075
Weighted Average \| Discounted Cash Flow \| Discount for Risk of Non-Payment
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.305	0.306
Loans held for investment, measurement input	0.385	0.282
Weighted Average \| Market Observations \| Market (Premium)/Discount
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.026	0.023
Loans held for investment, measurement input	0.017	0.008
Other
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale:	$ 10,357	$ 12,758
Other \| Discounted Cash Flow \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available-for-sale:	$ 3,056	$ 5,475

DEPOSITS - Maturities of Time Deposits (Details) $ in Thousands	Jun. 30, 2026 USD ($)
Deposits [Abstract]
Remaining 2026	$ 335,650
2027	688,728
2028	110,854
2029	112,334
2030	25,370
Thereafter	15
Total time deposits	$ 1,272,951

STOCK-BASED COMPENSATION - Schedule of Unvested Options (Details) - $ / shares	3 Months Ended
	Jun. 30, 2026	Mar. 31, 2026
Shares
Beginning balance (in shares)	2,182,540	2,233,040
Granted (in shares)	61,000	85,000
Vested (in shares)	(1,637,640)	(135,500)
Forfeited (in shares)	(11,200)
Ending balance (in shares)	594,700	2,182,540
Weighted-Average Grant-Date Fair Value
Beginning balance (in dollars per share)	$ 4.69	$ 4.49
Granted (in dollars per share)	9.77	10.17
Vested (in dollars per share)	4.10	4.92
Forfeited (in dollars per share)	4.01
Ending balance (in dollars per share)	$ 6.83	$ 4.69

STOCK-BASED COMPENSATION - Assumptions Used to Determine Fair Value of Options Granted (Details) - Option	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Black-Scholes
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Volatility	45.00%	40.00%
Expected dividend yield	0.00%	0.00%
Expected term	6 years 6 months	6 years 6 months
Risk-free rate	3.89%	4.46%
Monte Carlo
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Volatility	45.00%	40.00%
Expected dividend yield	0.00%	0.00%
Risk-free rate, minimum	3.47%	4.25%
Risk-free rate, maximum	4.18%	4.58%
Monte Carlo \| Minimum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected term	1 year 9 months	2 years 3 months
Monte Carlo \| Maximum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected term	10 years	10 years

RELATED PARTY TRANSACTIONS - Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Related Party Transaction [Line Items]
Realized gains	$ 252	$ 344	$ 218	$ 976
Related Party \| BancAlliance
Related Party Transaction [Line Items]
Loans sold to BancAlliance	40,919	84,884	77,195	138,157
Realized gains	$ 256	$ 498	$ 482	$ 891

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME

ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME

6 Months Ended

Jun. 30, 2026

Equity [Abstract]

NOTE 12 – STOCKHOLDERS' EQUITY

June 30, 2026, certain shareholders exercised their right to convert 494,374 shares of Non-Voting Common Stock to Voting Common Stock.

NOTE 13 – ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME

The following table presents the activity in Accumulated other comprehensive income/(loss) for the three and six months ended June 30, 2026 and 2025:


(in thousands)	Total		Tax Effect		Net
Investment securities available-for-sale:

Balance as of March 31, 2026	$	(3,214)	$	834	$	(2,380)
Unrealized losses, net	(4,837)		1,249		(3,588)
Reclassification of net losses on investments available-for-sale to earnings	—		—		—
Balance as of June 30, 2026	$	(8,051)	$	2,083	$	(5,968)

Balance as of March 31, 2025	$	1,169	$	(293)	$	876
Unrealized losses, net	(2,511)		640		(1,871)
Reclassification of net losses on investments available-for-sale to earnings	—		—		—
Balance as of June 30, 2025	$	(1,342)	$	347	$	(995)


Balance as of December 31, 2025	$	4,075	$	(1,051)	$	3,024
Unrealized losses, net	(12,126)		3,134		(8,992)

Balance as of June 30, 2026	$	(8,051)	$	2,083	$	(5,968)

Balance as of December 31, 2024	$	(596)	$	153	$	(443)
Unrealized gains, net	448		(107)		341
Reclassification of net gains on investments available-for-sale to earnings	(1,194)		301		(893)
Balance as of June 30, 2025	$	(1,342)	$	347	$	(995)

The entire disclosure for equity.