GREAT SOUTHERN BANCORP, INC., 10-Q filed on 5/7/2026
Quarterly Report
v3.26.1
Document and Entity Information - shares
 3 Months Ended
Mar. 31, 2026
May 05, 2026
Document and Entity Information    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2026  
Document Transition Report false  
Entity File Number 0-18082  
Entity Registrant Name GREAT SOUTHERN BANCORP, INC.  
Entity Incorporation, State or Country Code MD  
Entity Tax Identification Number 43-1524856  
Entity Address, Address Line One 1451 E. Battlefield,  
Entity Address, City or Town Springfield,  
Entity Address, State or Province MO  
Entity Address, Postal Zip Code 65804  
City Area Code 417  
Local Phone Number 887-4400  
Title of 12(b) Security Common Stock, par value $0.01 per share  
Trading Symbol GSBC  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   10,893,203
Entity Central Index Key 0000854560  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q1  
Amendment Flag false  
v3.26.1
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash $ 101,405 $ 109,833
Interest-bearing deposits in other financial institutions 85,999 79,721
Cash and cash equivalents 187,404 189,554
Available-for-sale securities 513,846 523,831
Held-to-maturity securities 177,594 179,200
Mortgage loans held for sale 6,823 6,838
Loans receivable, net of allowance for credit losses of $64,784 - March 2026; $64,771 - December 2025 4,456,639 4,356,853
Interest receivable 19,716 18,068
Prepaid expenses and other assets 124,023 128,615
Other real estate owned and repossessions, net 6,615 6,036
Premises and equipment, net 132,113 133,257
Goodwill and other intangible assets 9,552 9,660
Federal Home Loan Bank stock and other interest-earning assets 27,720 20,079
Current and deferred income taxes 25,277 26,615
Total Assets 5,687,322 5,598,606
Liabilities:    
Deposits 4,445,161 4,482,774
Securities sold under reverse repurchase agreements with customers 37,198 48,467
Short-term borrowings and other interest-bearing liabilities 470,660 330,928
Subordinated debentures issued to capital trust 25,774 25,774
Accrued interest payable 3,250 3,612
Advances from borrowers for taxes and insurance 9,021 5,781
Accrued expenses and other liabilities 55,011 56,596
Liability for unfunded commitments 7,617 8,548
Total Liabilities 5,053,692 4,962,480
Stockholders' Equity:    
Serial preferred stock, $.01 par value; authorized 1,000,000 shares; issued and outstanding March 2026 and December 2025 - - 0 - shares
Common stock, $.01 par value; authorized 20,000,000 shares; issued and outstanding March 2026 - 10,873,847 shares; December 2025 - 11,062,252 shares 83 111
Additional paid-in capital 56,126 54,120
Retained earnings 612,570 614,095
Accumulated other comprehensive loss (35,149) (32,200)
Total Stockholders' Equity 633,630 636,126
Total Liabilities and Stockholders' Equity $ 5,687,322 $ 5,598,606
v3.26.1
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION    
Loans receivable, net of allowance for credit losses $ 64,784 $ 64,771
Serial preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Serial preferred stock, shares authorized (in shares) 1,000,000 1,000,000
Serial preferred stock, shares issued (in shares) 0 0
Serial preferred stock, shares outstanding (in shares) 0 0
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 20,000,000 20,000,000
Common stock, shares issued (in shares) 10,873,847 11,062,252
Common stock, shares outstanding (in shares) 10,873,847 11,062,252
v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
INTEREST INCOME    
Loans $ 64,660 $ 73,071
Investment securities and other 6,505 7,172
TOTAL INTEREST INCOME 71,165 80,243
INTEREST EXPENSE    
Deposits 18,337 24,600
Securities sold under reverse repurchase agreements 96 371
Short-term borrowings, overnight FHLBank borrowings and other interest-bearing liabilities 4,062 4,450
Subordinated debentures issued to capital trust 342 382
Subordinated notes   1,106
TOTAL INTEREST EXPENSE 22,837 30,909
NET INTEREST INCOME 48,328 49,334
CREDIT FOR LOSSES ON UNFUNDED COMMITMENTS (931) (348)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES ON LOANS AND CREDIT FOR LOSSES ON UNFUNDED COMMITMENTS 49,259 49,682
NON-INTEREST INCOME    
Commissions 615 262
Overdraft and insufficient funds fees 1,231 1,215
Point-Of-Sale and ATM fee income and service charges 3,101 3,234
Net gains on loan sales 719 601
Late charges and fees on loans 136 243
Loss on derivative interest rate products (2) (24)
Other income 1,229 1,059
TOTAL NON-INTEREST INCOME 7,029 6,590
NON-INTEREST EXPENSE    
Salaries and employee benefits 20,071 20,129
Net occupancy and equipment expense 8,864 8,533
Postage 925 931
Insurance 1,072 1,165
Advertising 372 290
Office supplies and printing 222 266
Telephone 685 706
Legal, audit and other professional fees 690 1,038
Expense (income) on other real estate and repossessions 54 (70)
Intangible asset amortization 108 108
Other operating expenses 1,729 1,726
TOTAL NON-INTEREST EXPENSE 34,792 34,822
INCOME BEFORE INCOME TAXES 21,496 21,450
PROVISION FOR INCOME TAXES 4,020 4,290
NET INCOME $ 17,476 $ 17,160
Earnings Per Common Share    
Basic Earnings Per Common Share (in dollars per share) $ 1.59 $ 1.47
Diluted Earnings Per Common Share (in dollars per share) 1.58 1.47
Dividends Declared Per Common Share (in dollars per share) $ 0.43 $ 0.4
v3.26.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME    
Net Income $ 17,476 $ 17,160
Unrealized appreciation (depreciation) on available-for-sale securities, net of taxes (credit) of $(497) and $2,490, for 2026 and 2025, respectively (1,519) 7,633
Unrealized loss on securities transferred to held-to-maturity, net of credit of $(13) and $(15) for 2026 and 2025, respectively (40) (44)
Amortization of realized loss on termination of cash flow hedge, net of credit of $-0- and $(457), for 2026 and 2025, respectively   (1,546)
Change in value of active cash flow hedges, net of taxes (credit) of $(453) and $1,364 for 2026 and 2025, respectively (1,390) 4,181
Comprehensive Income $ 14,527 $ 27,384
v3.26.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME    
Unrealized appreciation (depreciation) on available-for-sale securities, net of taxes (credit) $ (497) $ 2,490
Unrealized loss on securities transferred to held-to-maturity, net of credit (13) (15)
Amortization of realized loss on termination of cash flow hedge, net of credit 0 (457)
Change in value of active cash flow hedges, net of taxes (credit) $ (453) $ 1,364
v3.26.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Total
Balance at beginning of period at Dec. 31, 2024 $ 117 $ 50,336 $ 603,477 $ (54,362)   $ 599,568
Net income     17,160     17,160
Stock issued under Stock Option Plan   740     $ 441 1,181
Common cash dividends declared     (4,626)     (4,626)
Change in fair value of cash flow hedges       2,635   2,635
Change in fair value of held-to-maturity securities       (44)   (44)
Change in fair value of available-for-sale securities       7,633   7,633
Repurchase of the Company's common stock         (10,214) (10,214)
Reclassification of treasury stock per Maryland law (1)   (9,772)   9,773  
Balance at ending of period at Mar. 31, 2025 116 51,076 606,239 (44,138)   613,293
Balance at beginning of period at Dec. 31, 2025 111 54,120 614,095 (32,200)   636,126
Net income     17,476     17,476
Stock issued under Stock Option Plan   2,006     2,573 4,579
Common cash dividends declared     (4,680)     (4,680)
Change in fair value of cash flow hedges       (1,390)   (1,390)
Change in fair value of held-to-maturity securities       (40)   (40)
Change in fair value of available-for-sale securities       (1,519)   (1,519)
Repurchase of the Company's common stock         (16,922) (16,922)
Reclassification of treasury stock per Maryland law (28)   (14,321)   $ 14,349  
Balance at ending of period at Mar. 31, 2026 $ 83 $ 56,126 $ 612,570 $ (35,149)   $ 633,630
v3.26.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Consolidated Statements of Stockholders' Equity    
Per share total dividends $ 0.43 $ 0.4
v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 17,476 $ 17,160
Proceeds from sales of loans held for sale 32,885 28,761
Originations of loans held for sale (31,490) (27,636)
Items not requiring (providing) cash:    
Depreciation 2,143 1,969
Amortization 116 186
Compensation expense for stock option grants 494 456
Provision (credit) for unfunded commitments (931) (348)
Net gain on loan sales (719) (601)
Net (gain) loss on sale of premises and equipment (13) 2
Net loss on sale/write-down of other real estate owned and repossessions 6 5
Accretion of deferred income, premiums, discounts and other (1,189) (3,018)
Loss on derivative interest rate products 2 24
Deferred income taxes (958) (161)
Changes in:    
Interest receivable (1,648) (1,074)
Prepaid expenses and other assets 2,928 2,594
Accrued expenses and other liabilities (1,175) (4,896)
Income taxes refundable/payable 3,257 1,577
Net cash provided by operating activities 21,184 15,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Net change in loans (100,513) (399)
Purchase of premises and equipment (1,302) (1,932)
Proceeds from sale of premises and equipment 33  
Proceeds from sale of other real estate owned and repossessions 69 36
Proceeds from maturities and calls of available-for-sale securities 9 1,509
Principal reductions on mortgage-backed securities 10,115 8,238
Investment in tax credit partnerships (596) (639)
Redemption (purchase) of Federal Home Loan Bank stock and change in other interest-earning assets (7,641) 2,579
Net cash provided by (used in) investing activities (99,826) 9,392
CASH FLOWS FROM FINANCING ACTIVITIES    
Net decrease in certificates of deposit (17,018) (14,076)
Net increase (decrease) in checking and savings deposits (9,136) 43,266
Net increase (decrease) in brokered deposits (11,459) 123,307
Net increase in short-term borrowings 128,463 36,538
Repayment of borrowing under Federal Reserve Bank Term Funding Program   (180,000)
Advances from borrowers for taxes and insurance 3,240 2,179
Repurchases of the Company's common stock (16,922) (10,214)
Dividends paid (4,761) (4,692)
Stock options exercised 4,085 725
Net cash provided by (used in) financing activities 76,492 (2,967)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (2,150) 21,425
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 189,554 195,756
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 187,404 $ 217,181
v3.26.1
BASIS OF PRESENTATION
 3 Months Ended
Mar. 31, 2026
BASIS OF PRESENTATION  
BASIS OF PRESENTATION

NOTE 1: BASIS OF PRESENTATION

The accompanying unaudited interim consolidated financial statements of Great Southern Bancorp, Inc. (the “Company,” “GSBC” or “Great Southern”) 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 Rule 10-01 of Regulation S-X. The financial statements presented herein reflect all adjustments which are, in the opinion of management, necessary to fairly present the financial condition, results of operations, changes in stockholders’ equity and cash flows of the Company as of the dates and for the periods presented. Those adjustments consist only of normal recurring adjustments. Operating results for the three months ended March 31, 2026 are not necessarily indicative of the results that may be expected for the full year. The consolidated statement of financial condition of the Company as of December 31, 2025, has been derived from the audited consolidated statement of financial condition of the Company as of that date.

Certain information and note disclosures normally included in the Company’s annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission (the “SEC”).

Principles of Consolidation

The consolidated financial statements include the accounts of GSBC, its wholly owned subsidiary, Great Southern Bank (the “Bank”), and the Bank’s wholly owned subsidiaries, Great Southern Real Estate Development Corporation, GSB One LLC (including its wholly owned subsidiary, GSB Two LLC), Great Southern Community Development Company, LLC (including its wholly owned subsidiary, Great Southern CDE, LLC), GS, LLC, GSSC, LLC, GSTC Investments, LLC, GS-RE Holding, LLC (including its wholly owned subsidiary, GS RE Management, LLC), GS-RE Holding II, LLC, and GS-RE Holding III, LLC. All significant intercompany accounts and transactions have been eliminated in consolidation.

Reclassifications

Prior period consolidated financial statements are reclassified where necessary to conform to the current period presentation.
v3.26.1
NATURE OF OPERATIONS AND OPERATING SEGMENTS
 3 Months Ended
Mar. 31, 2026
NATURE OF OPERATIONS AND OPERATING SEGMENTS  
NATURE OF OPERATIONS AND OPERATING SEGMENTS

NOTE 2: NATURE OF OPERATIONS AND OPERATING SEGMENTS

GSBC operates as a one-bank holding company. GSBC’s business primarily consists of the operations of the Bank, which provides a full range of financial services to customers primarily located in Missouri, Iowa, Kansas, Minnesota, Nebraska and Arkansas. The Bank also originates commercial loans from lending offices in Atlanta; Charlotte, North Carolina; Chicago; Dallas; Denver; Omaha, Nebraska; and Phoenix. GSBC and the Bank are subject to regulation by certain federal and state agencies and undergo periodic examinations by those regulatory agencies.

The Company’s banking operation is its only reportable segment. The banking operation is principally engaged in the business of originating residential and commercial real estate loans, construction loans, commercial business loans and consumer loans and funding these loans by attracting deposits from the general public, accepting brokered deposits and borrowing from the Federal Home Loan Bank and others. The operating results of this segment are regularly reviewed by management to make decisions about resource allocations and to assess performance. Selected information is not presented separately for the Company’s reportable segment, as there is no material difference between that information and the corresponding information in the consolidated financial statements.
v3.26.1
RECENT ACCOUNTING PRONOUNCEMENTS
 3 Months Ended
Mar. 31, 2026
RECENT ACCOUNTING PRONOUNCEMENTS  
RECENT ACCOUNTING PRONOUNCEMENTS

NOTE 3: RECENT ACCOUNTING PRONOUNCEMENTS

In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU 2023-09 is focused on additional income tax disclosures and requires public business entities, on an annual basis, to disclose specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than 5 percent of the amount computed by multiplying pretax income by the applicable statutory income tax rate). ASU 2023-09 became effective for the Company beginning with the fiscal year ended December 31, 2025 and did not have a material impact on the Company’s consolidated financial statements.

In November 2024, the FASB issued ASU No. 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. ASU 2024-03 requires disaggregated disclosure of income statement expenses for public business entities. ASU 2024-03 requires new financial statement disclosures in tabular format, disaggregating information about prescribed categories underlying any relevant income statement expense caption. The prescribed categories include, among other things, employee compensation, depreciation, and intangible asset amortization. Additionally, entities must disclose the total amount of selling expenses and, in annual reporting periods, an entity’s definition of selling expenses. ASU 2024-03 is effective for us, on a prospective basis, for annual periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027, although early adoption and retrospective application is permitted. ASU 2024-03 is currently not expected to have a material impact on the Company’s consolidated financial statements but will impact disclosures.

​

In November 2025, the FASB issued ASU No. 2025-08, Financial Instruments – Credit Losses (Topic 326): Purchased Loans. ASU 2025-08 expands the scope of the “gross up” method, formerly applicable only to purchased credit-deteriorated (PCD) assets, to include acquired non-PCD loans that meet certain criteria, now referred to as “purchased seasoned loans” (PSLs). Under this ASU, an allowance for expected credit losses is recognized at acquisition, offsetting the loan’s amortized cost basis, thereby eliminating the day-one credit-loss expense previously required for non-PCD assets. PSLs are defined as non-PCD loans acquired either (1) through a business combination, or (2) purchased more than 90 days after origination when the acquirer was not involved in origination. ASU 2025-08 is effective for us, on a prospective basis for loans acquired on or after the adoption date, for interim and annual reporting periods beginning in 2027, though early adoption is permitted. ASU 2025-08 is not expected to have a significant impact on the Company’s consolidated financial statements.

​

In November 2025, the FASB issued ASU No. 2025-09, Derivatives and Hedging (Topic 815): Hedge Accounting Improvements. ASU 2025-09 amends ASC 815 to align hedge accounting more closely with an entity’s economic risk management practices. Key amendments (1) allow designating a variable price component of a nonfinancial forecasted purchase or sale as the hedged risk, (2) allow grouping individual forecasted transactions with similar (not identical) risk exposures, (3) include a new model for hedging forecasted interest on variable-rate debt, enabling changes in index or tenor without designation, subject to simplifying assumptions, and (4) provide additional clarifications related to hedge accounting of nonfinancial components, net written options, and dual-hedge strategies. ASU 2025-09 is effective for us beginning in 2027, though early adoption is permitted. ASU 2025-09 is not expected to have a significant impact on the Company’s consolidated financial statements.

​

In December 2025, the FASB issued ASU No. 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements. ASU 2025-11 clarifies and enhances guidance under ASC 270 on interim financial reporting by (1) clarifying the scope of ASC 270 such that it now explicitly applies only to entities that issue complete interim financial statements and related notes under U.S. GAAP, (2) establishing clear guidance on the form of interim statements and notes, incorporating a comprehensive list of required interim disclosures, and (3) introducing a requirement to disclose material events and changes occurring after the end of the last annual period that could impact interim results. ASU 2025-11 is effective for us for interim periods beginning in 2028, though early adoption is permitted. ASU 2025-11 is not expected to have a significant impact on the Company’s consolidated financial statements.

​
v3.26.1
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2026
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 4: EARNINGS PER SHARE

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Three Months Ended March 31, 

​

​

2026

  ​ ​ ​

2025

​

  ​ ​ ​

(In Thousands, Except Per Share Data)

Basic:

​

​

​

​

​

​

Average common shares outstanding

​

 

10,988

​

 

11,640

Net income

 

$

17,476

 

$

17,160

Per common share amount

 

$

1.59

 

$

1.47

​

​

​

​

​

​

​

Diluted:

​

​

​

​

​

​

Average common shares outstanding

​

​

10,988

​

​

11,640

Net effect of dilutive stock options – based on the treasury stock method using average market price

​

​

61

​

​

52

Diluted common shares

​

​

11,049

​

​

11,692

Net income

 

$

17,476

 

$

17,160

Per common share amount

 

$

1.58

 

$

1.47

​

Options outstanding at March 31, 2026 and 2025, to purchase 581,322 and 854,813 shares of common stock, respectively, were not included in the computation of diluted earnings per common share for each of the three-month periods then ended because the exercise prices of such options were greater than the average market price of the common stock for the three months ended March 31, 2026 and 2025, respectively.
v3.26.1
INVESTMENT SECURITIES
 3 Months Ended
Mar. 31, 2026
INVESTMENT SECURITIES  
INVESTMENT SECURITIES

NOTE 5: INVESTMENT SECURITIES

Available-for-sale securities (“AFS”), which include any security for which the Company has no immediate plan to sell but which may be sold in the future, are carried at fair value. Realized gains and losses, based on the specifically identified amortized cost of the individual security, are included in non-interest income. Unrealized gains and losses are recorded, net of related income tax effects, in stockholders’ equity. Premiums and discounts are amortized and accreted, respectively, to interest income over the estimated life of the security. Prepayments are anticipated for certain mortgage-backed and Small Business Administration (SBA) securities. Premiums on callable securities are amortized to their earliest call date.

Held-to-maturity securities (“HTM”), which include any security for which the Company has both the positive intent and ability to hold until maturity, are carried at historical cost adjusted for amortization of premiums and accretion of discounts. Premiums and discounts are amortized and accreted, respectively, to interest income over the security’s estimated life. Prepayments are anticipated for certain mortgage-backed securities. Premiums on callable securities are amortized to their earliest call date.

The amortized cost and fair values of securities were as follows at the dates indicated:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 2026

​

​

​

​

Gross

​

Gross

​

​

​

​

​

Amortized

​

Unrealized

​

Unrealized

​

Fair

​

 

Cost

  ​ ​ ​

Gains

  ​ ​ ​

Losses

  ​ ​ ​

Value

​

 

(In Thousands)

AVAILABLE-FOR-SALE SECURITIES:

​

​

​

​

​

​

​

​

​

​

​

​

Agency mortgage-backed securities

 

$

320,297

 

$

380

 

$

25,920

 

$

294,757

Agency collateralized mortgage obligations

​

​

119,018

​

​

771

​

​

5,930

​

​

113,859

States and political subdivisions

​

​

53,224

​

​

76

​

​

2,486

​

​

50,814

Small Business Administration securities

​

​

59,922

​

​

—

​

​

5,506

​

​

54,416

​

 

$

552,461

 

$

1,227

 

$

39,842

 

$

513,846

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

March 31, 2026

​

​

​

​

​

​

Amortized

​

Gross

​

Gross

​

​

​

​

Amortized

​

Fair Value

​

Carrying

​

Unrealized

​

Unrealized

​

Fair

​

  ​ ​ ​

Cost

  ​ ​ ​

Adjustment

  ​ ​ ​

Value

  ​ ​ ​

Gains

  ​ ​ ​

Losses

  ​ ​ ​

Value

​

​

(In Thousands)

HELD-TO-MATURITY SECURITIES:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Agency mortgage-backed securities

​

$

69,377

​

$

1,179

​

$

70,556

​

$

—

​

$

5,820

​

$

64,736

Agency collateralized mortgage obligations

​

 

102,711

​

 

(1,778)

​

 

100,933

​

 

—

​

 

10,739

​

 

90,194

States and political subdivisions

​

 

6,076

​

 

29

​

 

6,105

​

 

—

​

 

515

​

 

5,590

​

​

$

178,164

​

$

(570)

​

$

177,594

​

$

—

​

$

17,074

​

$

160,520

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

December 31, 2025

​

​

​

​

Gross

​

Gross

​

​

​

​

​

Amortized

​

Unrealized

​

Unrealized

​

Fair

​

 

Cost

  ​ ​ ​

Gains

  ​ ​ ​

Losses

  ​ ​ ​

Value

​

 

(In Thousands)

AVAILABLE-FOR-SALE SECURITIES:

​

​

​

​

​

​

​

​

​

​

​

​

Agency mortgage-backed securities

 

$

325,618

 

$

805

 

$

25,174

 

$

301,249

Agency collateralized mortgage obligations

​

​

120,465

​

​

933

​

​

6,065

​

​

115,333

States and political subdivisions securities

​

​

53,347

​

​

89

​

​

2,038

​

​

51,398

Small Business Administration securities

​

​

61,000

​

​

14

​

​

5,163

​

​

55,851

​

 

$

560,430

 

$

1,841

 

$

38,440

 

$

523,831

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

December 31, 2025

​

​

​

​

​

​

​

​

Amortized

​

Gross

​

Gross

​

​

​

​

​

Amortized

​

Fair Value

​

Carrying

​

Unrealized

​

Unrealized

​

Fair

​

  ​ ​ ​

Cost

  ​ ​ ​

Adjustment

  ​ ​ ​

Value

  ​ ​ ​

Gains

  ​ ​ ​

Losses

  ​ ​ ​

Value

​

​

(In Thousands)

HELD-TO-MATURITY SECURITIES:

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Agency mortgage-backed securities

​

$

69,713

​

$

1,313

​

$

71,026

​

$

—

​

$

5,694

​

$

65,332

Agency collateralized mortgage obligations

​

 

103,918

​

 

(1,857)

​

 

102,061

​

 

—

​

 

10,424

​

 

91,637

States and political subdivisions

​

 

6,086

​

 

27

​

 

6,113

​

 

—

​

 

453

​

 

5,660

​

​

$

179,717

​

$

(517)

​

$

179,200

​

$

—

​

$

16,571

​

$

162,629

​

The amortized cost and fair value of available-for-sale and held-to-maturity securities at March 31, 2026, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Available-for-Sale

​

Held-to-Maturity

​

​

Amortized

​

Fair

​

Amortized

​

Fair

​

  ​ ​ ​

Cost

  ​ ​ ​

Value

  ​ ​ ​

Carrying Value

  ​ ​ ​

Value

​

​

(In Thousands)

One year or less

​

$

—

​

$

—

​

$

—

 

$

—

After one through two years

​

​

1,029

​

​

1,037

​

​

—

​

​

—

After two through three years

​

​

—

​

​

—

​

​

—

​

​

—

After three through four years

​

​

—

​

​

—

​

​

—

​

​

—

After four through five years

​

​

—

​

​

—

​

​

—

​

​

—

After five through fifteen years

​

​

26,290

​

​

25,243

​

​

6,105

​

​

5,590

After fifteen years

​

​

25,905

​

​

24,534

​

​

—

​

​

—

Securities not due on a single maturity date

​

​

499,237

​

​

463,032

​

​

171,489

​

​

154,930

​

​

$

552,461

​

$

513,846

​

$

177,594

 

$

160,520

​

Available-for-sale investments in debt securities are reported in the financial statements at their fair value. The total fair value of these investments at March 31, 2026 and December 31, 2025, was approximately $513.8 million and $523.8 million, respectively. Total fair value of these investments for which the amortized cost exceeded the fair value at March 31, 2026 and December 31, 2025, was $428.1 million and $409.0 million, respectively, which was approximately 83.3% and 78.1% of the Company’s total available-for-sale investment portfolio at those dates. A high percentage of the unrealized losses were related to the Company’s mortgage-backed securities, collateralized mortgage obligations and Small Business Administration (SBA) securities, which are issued and guaranteed by U.S. government-sponsored entities and agencies. The Company’s state and political subdivision securities are investments in insured fixed rate municipal bonds for which the issuers continue to make timely principal and interest payments under the contractual terms of the securities. Held-to-maturity investments in debt securities are reported in the financial statements at their amortized carrying value at March 31, 2026 and December 31, 2025, which was $177.6 million and $179.2 million, respectively. Total fair value of these investments at March 31, 2026 and December 31, 2025 was approximately $160.5 million and $162.6 million, respectively. The amortized carrying value exceeded the fair value of all held-to-maturity securities at both March 31, 2026 and December 31, 2025.

Held-to-maturity investment securities are evaluated for potential losses under ASU 2016-13. The Company continually assesses its liquidity sources, both on-balance sheet and off-balance sheet, and believes that at March 31, 2026, it had ample liquidity sources to fund its ongoing operations without selling investment securities in this portfolio.

Based on evaluation of available evidence, including recent changes in market interest rates, credit rating information and information obtained from regulatory filings of issuers, management believes the declines in fair value for the Company’s available-for-sale debt securities are not credit related.

The following table shows the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2026 and December 31, 2025:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

March 31, 2026

​

​

Less than 12 Months

​

12 Months or More

​

Total

​

​

Fair

​

Unrealized

​

Fair

​

Unrealized

​

Fair

​

Unrealized

Description of Securities

  ​ ​ ​ ​

Value

  ​ ​ ​

Losses

  ​ ​ ​

Value

  ​ ​ ​

Losses

  ​ ​ ​

Value

  ​ ​ ​

Losses

​

 

(In Thousands)

AVAILABLE-FOR-SALE SECURITIES:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Agency mortgage-backed securities

 

$

20,762

​

$

(21)

​

$

236,437

​

$

(25,899)

​

$

257,199

​

$

(25,920)

Agency collateralized mortgage obligations

​

​

9,098

​

​

(95)

​

​

60,041

​

​

(5,835)

​

​

69,139

​

​

(5,930)

States and political subdivisions securities

​

​

10,724

​

​

(289)

​

​

36,633

​

​

(2,197)

​

​

47,357

​

​

(2,486)

Small Business Administration securities

​

​

6,971

​

​

(59)

​

​

47,445

​

​

(5,447)

​

​

54,416

​

​

(5,506)

​

 

$

47,555

​

$

(464)

​

$

380,556

​

$

(39,378)

​

$

428,111

​

$

(39,842)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

HELD-TO-MATURITY SECURITIES:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Agency mortgage-backed securities

​

$

—

​

$

—

​

$

64,736

​

$

(5,820)

​

$

64,736

​

$

(5,820)

Agency collateralized mortgage obligations

​

​

—

​

​

—

​

​

90,194

​

​

(10,739)

​

​

90,194

​

​

(10,739)

States and political subdivisions securities

​

​

—

​

​

—

​

​

5,590

​

​

(515)

​

​

5,590

​

​

(515)

​

​

$

—

​

$

—

​

$

160,520

​

$

(17,074)

​

$

160,520

​

$

(17,074)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

December 31, 2025

​

​

Less than 12 Months

​

12 Months or More

​

Total

​

​

Fair

​

Unrealized

​

Fair

​

Unrealized

​

Fair

​

Unrealized

Description of Securities

  ​ ​ ​ ​

Value

  ​ ​ ​

Losses

  ​ ​ ​ ​

Value

  ​ ​ ​

Losses

  ​ ​ ​

Value

  ​ ​ ​

Losses

​

 

(In Thousands)

AVAILABLE-FOR-SALE SECURITIES:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Agency mortgage-backed securities

 

$

—

 

$

—

 

$

241,503

 

$

(25,174)

 

$

241,503

 

$

(25,174)

Agency collateralized mortgage obligations

​

​

—

​

​

—

​

​

70,774

​

​

(6,065)

​

​

70,774

​

​

(6,065)

States and political subdivisions securities

​

​

4,409

​

​

(109)

​

​

43,528

​

​

(1,929)

​

​

47,937

​

​

(2,038)

Small Business Administration securities

​

​

—

​

​

—

​

​

48,807

​

​

(5,163)

​

​

48,807

​

​

(5,163)

​

 

$

4,409

​

$

(109)

 

$

404,612

​

$

(38,331)

 

$

409,021

​

$

(38,440)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

HELD-TO-MATURITY SECURITIES:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Agency mortgage-backed securities

​

$

—

​

$

—

​

$

65,332

​

$

(5,694)

​

$

65,332

​

$

(5,694)

Agency collateralized mortgage obligations

​

​

—

​

​

—

​

​

91,637

​

​

(10,424)

​

​

91,637

​

​

(10,424)

States and political subdivisions securities

​

​

—

​

​

—

​

​

5,660

​

​

(453)

​

​

5,660

​

​

(453)

​

​

$

—

​

$

—

​

$

162,629

​

$

(16,571)

​

$

162,629

​

$

(16,571)

​

There were no sales of available-for-sale securities during the three months ended March 31, 2026 or March 31, 2025.

Allowance for Credit Losses. The Company evaluates all securities quarterly to determine if any securities in a loss position require a provision for credit losses in accordance with ASC 326, Measurement of Credit Losses on Financial Instruments. All of the mortgage-backed, collateralized mortgage, and SBA securities held by the Company as of March 31, 2026 were issued by U.S. government-sponsored entities and agencies. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. Likewise, the Company has not historically experienced losses on these types of securities. Accordingly, no allowance for credit losses has been recorded for these securities.

Regarding securities issued by state and political subdivisions, management considers the following when evaluating these securities: (i) current issuer bond ratings, (ii) historical loss rates for given bond ratings, (iii) whether issuers continue to make timely principal and interest payments under the contractual terms of the securities, (iv) updated financial information of the issuer, (v) internal forecasts and (vi) whether such securities provide insurance or other credit enhancement or are pre-refunded by the issuers. These securities are highly rated by major rating agencies and have a long history of no credit losses. Likewise, the Company has not experienced historical losses on these types of securities. Accordingly, no allowance for credit losses has been recorded for these securities.
v3.26.1
LOANS AND ALLOWANCE FOR CREDIT LOSSES
 3 Months Ended
Mar. 31, 2026
LOANS AND ALLOWANCE FOR CREDIT LOSSES  
LOANS AND ALLOWANCE FOR CREDIT LOSSES

NOTE 6: LOANS AND ALLOWANCE FOR CREDIT LOSSES

The Company measures the allowance for credit losses under ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, referred to as the CECL methodology. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loans receivable. It also applies to off-balance sheet credit exposures not accounted for as insurance, including loan commitments, standby letters of credit, financial guarantees, and other similar instruments.

Classes of loans at March 31, 2026 and December 31, 2025 were as follows:

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 

  ​ ​ ​

December 31, 

 

​

​

2026

​

2025

 

​

​

(In Thousands)

 

One- to four-family residential construction

 

$

38,981

​

$

30,258

​

Subdivision construction

​

​

23,008

​

​

32,160

​

Land development

​

​

43,555

​

​

37,519

​

Commercial construction

​

​

326,602

​

​

249,224

​

Owner occupied one- to four-family residential

​

​

651,228

​

​

656,699

​

Non-owner occupied one- to four-family residential

​

​

131,499

​

​

125,298

​

Commercial real estate

​

​

1,583,124

​

​

1,556,148

​

Other residential (multi-family)

​

​

1,369,294

​

​

1,387,410

​

Commercial business

​

​

180,182

​

​

178,514

​

Consumer auto

​

​

23,372

​

​

24,169

​

Consumer other

​

​

21,449

​

​

22,249

​

Home equity lines of credit

​

​

134,704

​

​

128,030

​

​

​

​

4,526,998

​

​

4,427,678

​

Allowance for credit losses

​

​

(64,784)

​

​

(64,771)

​

Deferred loan fees and gains, net

​

​

(5,575)

​

​

(6,054)

​

​

 

$

4,456,639

​

$

4,356,853

​

​

​

​

​

​

​

​

​

Weighted average interest rate

​

​

5.78

%

​

5.76

%

​

Classes of loans by aging were as follows as of the dates indicated.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 2026

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total Loans

​

​

​

​

​

​

​

​

Over 90

​

​

​

​

​

​

​

Total

​

> 90 Days Past

​

​

30-59 Days

​

60-89 Days

​

Days

​

Total Past

​

​

​

​

Loans

​

Due and

​

​

Past Due

  ​ ​ ​

Past Due

  ​ ​ ​

Past Due

  ​ ​ ​

Due

  ​ ​ ​

Current

  ​ ​ ​

Receivable

  ​ ​ ​

Still Accruing

​

​

(In Thousands)

One- to four-family residential construction

 

$

34

​

$

—

​

$

—

​

$

34

​

$

38,947

​

$

38,981

​

$

—

Subdivision construction

​

​

—

​

​

—

​

​

—

​

​

—

​

​

23,008

​

​

23,008

​

​

—

Land development

​

​

—

​

​

—

​

​

—

​

​

—

​

​

43,555

​

​

43,555

​

​

—

Commercial construction

​

​

—

​

​

—

​

​

—

​

​

—

​

​

326,602

​

​

326,602

​

​

—

Owner occupied one- to four-family residential

​

​

2,224

​

​

—

​

​

703

​

​

2,927

​

​

648,301

​

​

651,228

​

​

—

Non-owner occupied one- to four-family residential

​

​

—

​

​

—

​

​

—

​

​

—

​

​

131,499

​

​

131,499

​

​

—

Commercial real estate

​

​

188

​

​

—

​

​

2,725

​

​

2,913

​

​

1,580,211

​

​

1,583,124

​

​

—

Other residential (multi-family)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

1,369,294

​

​

1,369,294

​

​

—

Commercial business

​

​

—

​

​

—

​

​

—

​

​

—

​

​

180,182

​

​

180,182

​

​

—

Consumer auto

​

​

12

​

​

1

​

​

—

​

​

13

​

​

23,359

​

​

23,372

​

​

—

Consumer other

​

​

108

​

​

10

​

​

8

​

​

126

​

​

21,323

​

​

21,449

​

​

—

Home equity lines of credit

​

​

101

​

​

—

​

​

18

​

​

119

​

​

134,585

​

​

134,704

​

​

—

Total

​

$

2,667

​

$

11

​

$

3,454

​

$

6,132

​

$

4,520,866

​

$

4,526,998

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

December 31, 2025

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total Loans

​

​

​

​

​

​

Over 90

​

​

​

​

​

Total

​

> 90 Days Past

​

​

30-59 Days

​

60-89 Days

​

Days

​

Total Past

​

​

​

​

Loans

​

Due and

​

​

Past Due

  ​ ​ ​

Past Due

  ​ ​ ​

Past Due

  ​ ​ ​

Due

  ​ ​ ​

Current

  ​ ​ ​

Receivable

  ​ ​ ​

Still Accruing

​

​

(In Thousands)

One- to four-family residential construction

 

$

—

​

$

—

​

$

—

​

$

—

​

$

30,258

​

$

30,258

​

$

—

Subdivision construction

​

​

—

​

​

—

​

​

—

​

​

—

​

​

32,160

​

​

32,160

​

​

—

Land development

​

​

—

​

​

—

​

​

—

​

​

—

​

​

37,519

​

​

37,519

​

​

—

Commercial construction

​

​

—

​

​

—

​

​

—

​

​

—

​

​

249,224

​

​

249,224

​

​

—

Owner occupied one- to four-family residential

​

​

830

​

​

521

​

​

631

​

​

1,982

​

​

654,717

​

​

656,699

​

​

—

Non-owner occupied one- to four-family residential

​

​

—

​

​

—

​

​

1,435

​

​

1,435

​

​

123,863

​

​

125,298

​

​

—

Commercial real estate

​

​

70

​

​

—

​

​

—

​

​

70

​

​

1,556,078

​

​

1,556,148

​

​

—

Other residential (multi-family)

​

​

24,762

​

​

—

​

​

—

​

​

24,762

​

​

1,362,648

​

​

1,387,410

​

​

—

Commercial business

​

​

—

​

​

—

​

​

—

​

​

—

​

​

178,514

​

​

178,514

​

​

—

Consumer auto

​

​

27

​

​

12

​

​

—

​

​

39

​

​

24,130

​

​

24,169

​

​

—

Consumer other

​

​

128

​

​

30

​

​

10

​

​

168

​

​

22,081

​

​

22,249

​

​

—

Home equity lines of credit

​

​

74

​

​

—

​

​

18

​

​

92

​

​

127,938

​

​

128,030

​

​

—

Total

​

$

25,891

​

$

563

​

$

2,094

​

$

28,548

​

$

4,399,130

​

$

4,427,678

​

$

—

​

Loans are placed on nonaccrual status at 90 days past due and interest is considered a loss unless the loan is well secured and in the process of collection. Payments received on nonaccrual loans are applied to principal until the loans are returned to accrual status. Loans are returned to accrual status when all payments contractually due are brought current, payment performance is sustained for a period of time, generally six months, and future payments are reasonably assured. With the exception of consumer loans, charge-offs on loans are recorded when available information indicates a loan is not fully collectible and the loss is reasonably quantifiable. Consumer loans are charged-off at specified delinquency dates consistent with regulatory guidelines.

Nonaccruing loans are summarized as follows as of the dates indicated:

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 

  ​ ​ ​

December 31, 

​

​

2026

​

2025

​

​

(In Thousands)

One- to four-family residential construction

​

$

—

​

$

—

Subdivision construction

​

​

—

​

​

—

Land development

​

​

—

​

​

—

Commercial construction

​

​

—

​

​

—

Owner occupied one- to four-family residential

​

​

703

​

​

631

Non-owner occupied one- to four-family residential

​

​

—

​

​

1,435

Commercial real estate

​

​

—

​

​

—

Other residential (multi-family)

​

​

2,725

​

​

—

Commercial business

​

​

—

​

​

—

Consumer auto

​

​

—

​

​

—

Consumer other

​

​

9

​

​

10

Home equity lines of credit

​

​

17

​

​

18

Total nonaccruing loans

​

$

3,454

​

$

2,094

​

During the three months ended March 31, 2026, the Company recorded $120,000 in interest income related to recoveries on nonaccrual loans. No interest income was recorded on nonaccrual loans for the three months ended March 31, 2025.

Nonaccrual loans for which there is no related allowance for credit losses as of March 31, 2026 and December 31, 2025, had an amortized cost of $3.3 million and $2.0 million, respectively. These loans were individually assessed and did not require an allowance due to being adequately collateralized under the collateral-dependent valuation method at those dates. A collateral-dependent loan is a financial asset for which the repayment is expected to be provided substantially through the operation or sale of the collateral when the borrower is experiencing financial difficulty based on the Company’s assessment as of the reporting date. Collateral-dependent loans are identified primarily by a classified risk rating with a loan balance equal to or greater than $100,000, including, but not limited to, any loan in the process of foreclosure or repossession.

The following table presents the activity in the allowance for credit losses by portfolio segment for the three months ended March 31, 2026 and 2025. During the three months ended March 31, 2026 and 2025, the Company did not record a provision expense on its portfolio of outstanding loans.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

One- to Four-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

 

​

​

​

Family

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

 

​

​

​

Residential and

​

Other

​

Commercial

​

Commercial

​

Commercial

​

​

​

​

 

​

​

  ​ ​ ​

Construction

  ​ ​ ​

Residential

  ​ ​ ​

Real Estate

  ​ ​ ​

Construction

  ​ ​ ​

Business

  ​ ​ ​

Consumer

  ​ ​ ​

Total

​

​

(In Thousands)

Allowance for credit losses

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance, January 1, 2025

​

$

9,224

​

$

15,594

​

$

28,802

​

$

2,735

​

$

4,656

​

$

3,749

​

$

64,760

Provision (credit) charged to expense

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Losses charged off

​

​

(36)

​

​

—

​

​

(8)

​

​

—

​

​

(147)

​

​

(234)

​

​

(425)

Recoveries

​

​

4

​

​

—

​

​

—

​

​

194

​

​

13

​

​

158

​

​

369

Balance, March 31, 2025

​

$

9,192

​

$

15,594

​

$

28,794

​

$

2,929

​

$

4,522

​

$

3,673

​

$

64,704

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Allowance for credit losses

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance, January 1, 2026

​

$

7,483

​

$

18,476

​

$

29,223

​

$

2,396

​

$

3,911

​

$

3,282

​

$

64,771

Provision (credit) charged to expense

​

​

167

​

​

345

​

​

(454)

​

​

(69)

​

​

(8)

​

​

19

​

​

—

Losses charged off

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

(309)

​

​

(309)

Recoveries

​

​

3

​

​

—

​

​

16

​

​

—

​

​

117

​

​

186

​

​

322

Balance, March 31, 2026

​

$

7,653

​

$

18,821

​

$

28,785

​

$

2,327

​

$

4,020

​

$

3,178

​

$

64,784

​

The following table presents the activity in the allowance for unfunded commitments by portfolio segment for the three months ended March 31, 2026 and 2025. The provision for losses on unfunded commitments for the three months ended March 31, 2026 was a credit (negative expense) of $931,000, compared to a credit (negative expense) of $348,000 for the three months ended March 31, 2025.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

One- to Four-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Family

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Residential and

​

Other

​

Commercial

​

Commercial

​

Commercial

​

​

​

​

​

  ​ ​ ​

Construction

  ​ ​ ​

Residential

  ​ ​ ​

Real Estate

  ​ ​ ​

Construction

  ​ ​ ​

Business

  ​ ​ ​

Consumer

  ​ ​ ​

Total

​

  ​ ​ ​

(In Thousands)

Allowance for unfunded commitments

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance, January 1, 2025

​

$

619

​

$

4,833

​

$

653

​

$

496

​

$

1,468

​

$

434

​

$

8,503

Provision (credit) charged to expense

​

​

39

​

​

(239)

​

​

(33)

​

​

(78)

​

​

(40)

​

​

3

​

​

(348)

Balance, March 31, 2025

​

$

658

​

$

4,594

​

$

620

​

$

418

​

$

1,428

​

$

437

​

$

8,155

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Allowance for unfunded commitments

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance, January 1, 2026

​

$

967

​

$

4,580

​

$

699

​

$

637

​

$

1,302

​

$

363

​

$

8,548

Provision (credit) charged to expense

​

 

(105)

​

​

(582)

​

​

(90)

​

​

63

​

​

(215)

​

​

(2)

​

​

(931)

Balance, March 31, 2026

​

$

862

​

$

3,998

​

$

609

​

$

700

​

$

1,087

​

$

361

​

$

7,617

​

The portfolio segments used in the preceding tables correspond to the loan classes used in all other tables in Note 6 as follows:

●The one- to four-family residential and construction segment includes the one- to four-family residential construction, subdivision construction, owner occupied one- to four-family residential and non-owner occupied one- to four-family residential classes.
●The other residential (multi-family) segment corresponds to the other residential (multi-family) class.
●The commercial real estate segment includes the commercial real estate and industrial revenue bonds classes.
●The commercial construction segment includes the land development and commercial construction classes.
●The commercial business segment corresponds to the commercial business class.
●The consumer segment includes the consumer auto, consumer other and home equity lines of credit classes.

The following table presents the amortized cost basis of collateral-dependent loans by class of loans as of the dates indicated:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

March 31, 2026

  ​ ​ ​

December 31, 2025

​

​

Principal

  ​ ​ ​

Specific

​

Principal

​

Specific

​

  ​ ​ ​

Balance

  ​ ​ ​

Allowance

  ​ ​ ​

Balance

  ​ ​ ​

Allowance

​

​

(In Thousands)

One- to four-family residential construction

​

$

—

​

$

—

​

$

—

​

$

—

Subdivision construction

​

 

—

​

​

—

​

​

—

​

​

—

Land development

​

 

—

​

​

—

​

​

—

​

​

—

Commercial construction

​

 

—

​

​

—

​

​

—

​

​

—

Owner occupied one- to four- family residential

​

 

1,077

​

​

—

​

​

1,207

​

​

—

Non-owner occupied one- to four-family residential

​

 

—

​

​

—

​

​

1,435

​

​

—

Commercial real estate

​

 

—

​

​

—

​

​

—

​

​

—

Other residential (multi-family)

​

 

2,725

​

​

—

​

​

—

​

​

—

Commercial business

​

 

—

​

​

—

​

​

—

​

​

—

Consumer auto

​

 

—

​

​

—

​

​

—

​

​

—

Consumer other

​

 

—

​

​

—

​

​

—

​

​

—

Home equity lines of credit

​

 

120

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

Total

​

$

3,922

​

$

—

​

$

2,642

​

$

—

​

Modified Loans. Loan modifications are reported if concessions have been granted to borrowers that are experiencing financial difficulty. The estimate of lifetime expected losses utilized in the allowance for credit losses model is developed using average historical loss on loans with similar risk characteristics, which includes losses from modifications of loans to borrowers experiencing financial difficulty. As a result, a charge to the allowance for credit losses is generally not recorded upon modification. For modifications to loans made to borrowers experiencing financial difficulty that are adversely classified, the Company determines the allowance for credit losses on an individual basis, using the same process that it utilizes for other adversely classified loans. If collection efforts have begun and the modified loan is subsequently deemed collateral-dependent, the loan is placed on nonaccrual status and the allowance for credit losses is determined based on an individual evaluation. If necessary, the loan is charged down to fair market value less estimated sales costs.

The following table shows, as of the date indicated, the composition of modifications made to loans to borrowers experiencing financial difficulty, by the loan class and type of concession granted. There were no such modifications at March 31, 2026. During the three months ended March 31, 2026, principal forgiveness of $8,000 was completed on consumer loans. During the three months ended March 31, 2025, principal forgiveness of $7,000 was completed on consumer loans.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Amortized Cost Basis at December 31, 2025

​

​

Interest Rate

​

Term

​

​

​

Total

​

  ​ ​ ​

Reduction

  ​ ​ ​

Extension

  ​ ​ ​

Combination

  ​ ​ ​

Modifications

​

​

​

(In Thousands)

Construction and land development

 

$

—

​

$

—

​

$

—

​

$

—

One- to four-family residential

 

​

—

​

​

—

​

​

—

​

​

—

Other residential (multi-family)

 

​

—

​

​

—

​

​

—

​

​

—

Commercial real estate

 

​

—

​

​

—

​

​

—

​

​

—

Commercial business

 

​

—

​

​

—

​

​

—

​

​

—

Consumer

 

​

5

​

​

—

​

​

—

​

​

5

​

 

$

5

​

$

—

​

$

—

​

$

5

​

The Company closely monitors the performance of loans to borrowers experiencing financial difficulty that are modified to understand the effectiveness of its modification efforts. The following table depicts the performance of loans (under modified terms) at December 31, 2025. There were no such loans at March 31, 2026.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2025

​

​

​

​

​

30-89 Days

​

Over 90 Days

​

​

​

​

​

Current

​

Past Due

​

Past Due

​

Total

​

​

(In Thousands)

Construction and land development

  ​ ​ ​

$

—

  ​ ​ ​

$

—

  ​ ​ ​

$

—

  ​ ​ ​

$

—

One- to four-family residential

​

 

—

​

 

—

​

 

—

​

 

—

Other residential (multi-family)

​

 

—

​

 

—

​

 

—

​

 

—

Commercial real estate

​

 

—

​

 

—

​

 

—

​

 

—

Commercial business

​

 

—

​

 

—

​

 

—

​

 

—

Consumer

​

 

5

​

 

—

​

 

—

​

 

5

​

​

$

5

​

$

—

​

$

—

​

$

5

​

Loan Risk Ratings. The Company utilizes an internal risk rating system comprised of a series of grades to categorize loans according to perceived risk associated with the expectation of debt repayment. The analysis of the borrower’s ability to repay considers specific information, including, but not limited to, current financial information, historical payment experience, industry information and collateral levels and types. A risk rating is assigned at loan origination and then monitored throughout the contractual term for possible risk rating changes.

Satisfactory loans range from Excellent to Moderate Risk, but generally are loans supported by strong recent financial statements. The character and capacity of the borrower are solid, including reasonable project performance, good industry experience, liquidity and/or net worth. The probability of financial deterioration seems unlikely. Repayment is expected from approved sources over a reasonable period of time.

Watch loans are identified when the borrower has capacity to perform according to terms; however, elements of uncertainty exist. Margins of debt service coverage may be narrow, historical patterns of financial performance may be erratic, collateral margins may be diminished, or the borrower may be a new and/or thinly capitalized company. Some management weakness on the part of the borrower may also exist, the borrower may have somewhat limited access to credit at other financial institutions, and that access may diminish in difficult economic times.

Special Mention loans have weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of repayment prospects or the Bank’s credit position at some future date. This is a transitional grade closely monitored for improvement or deterioration.

The Substandard rating is applied to loans where the borrower exhibits well-defined weaknesses that jeopardize its continued performance and are of a severity that the distinct possibility of default exists. Loans are placed on “nonaccrual” when management does not expect to collect payments consistent with acceptable and agreed upon terms of repayment.

Doubtful loans have all the weaknesses inherent to those classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, highly questionable and improbable.

The Loss category is used when loans are considered uncollectable and no longer included as an asset.

All loans are analyzed for risk rating updates regularly. For larger loans, rating assessments may be more frequent if relevant information is obtained earlier through debt covenant monitoring or overall relationship management. Smaller loans are monitored as identified by the loan officer based on the risk profile of the individual borrower or if the loan becomes past due related to credit issues. Loans rated Watch, Special Mention, Substandard or Doubtful are subject to formal quarterly review and continuous monitoring processes. In addition to the regular monitoring performed by the lending personnel and credit committees, loans are subject to review by the credit review department, which verifies the appropriateness of the risk ratings for the loans chosen as part of its risk-based review plan.

The following tables present a summary of loans by category and risk rating separated by origination year and loan class as of March 31, 2026 and December 31, 2025.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Term Loans by Origination Year

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Revolving

​

​

March 31, 2026

  ​ ​ ​

2026 YTD

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

Prior

  ​ ​ ​

 Loans

  ​ ​ ​

Total

​

​

(In Thousands)

One- to four-family residential construction

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

$

853

​

$

24,013

​

$

3,122

​

$

2,996

​

$

1,341

​

$

—

​

$

6,656

​

$

38,981

Watch (5)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Special Mention (6)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

 

853

​

​

24,013

​

​

3,122

​

​

2,996

​

​

1,341

​

​

—

​

​

6,656

​

​

38,981

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Subdivision construction

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

 

98

​

​

836

​

​

2,242

​

​

274

​

​

255

​

​

16,425

​

​

2,878

​

​

23,008

Watch (5)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Special Mention (6)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

 

98

​

​

836

​

​

2,242

​

​

274

​

​

255

​

​

16,425

​

​

2,878

​

​

23,008

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Construction and land development

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

 

1,511

​

​

13,018

​

​

8,976

​

​

6,497

​

​

3,590

​

​

7,103

​

​

2,860

​

​

43,555

Watch (5)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Special Mention (6)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

 

1,511

​

​

13,018

​

​

8,976

​

​

6,497

​

​

3,590

​

​

7,103

​

​

2,860

​

​

43,555

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other construction

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

 

42,527

​

​

49,167

​

​

191,013

​

​

1,361

​

​

41,612

​

​

922

​

​

—

​

​

326,602

Watch (5)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Special Mention (6)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

 

42,527

​

​

49,167

​

​

191,013

​

​

1,361

​

​

41,612

​

​

922

​

​

—

​

​

326,602

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

One- to four-family residential

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

 

33,554

​

​

62,379

​

​

34,841

​

​

44,163

​

​

263,195

​

​

340,919

​

​

1,319

​

​

780,370

Watch (5)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

711

​

​

—

​

​

711

Special Mention (6)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

 

—

​

​

—

​

​

—

​

​

103

​

​

510

​

​

1,033

​

​

—

​

​

1,646

Total

​

 

33,554

​

​

62,379

​

​

34,841

​

​

44,266

​

​

263,705

​

​

342,663

​

​

1,319

​

​

782,727

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other residential (multi-family)

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

 

12,703

​

​

99,612

​

​

175,264

​

​

109,904

​

​

533,246

​

​

398,637

​

​

3,052

​

​

1,332,418

Watch (5)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

2,651

​

​

—

​

​

2,651

Special Mention (6)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

31,500

​

​

—

​

​

31,500

Classified (7-9)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

2,725

​

​

—

​

​

—

​

​

2,725

Total

​

 

12,703

​

​

99,612

​

​

175,264

​

​

109,904

​

​

535,971

​

​

432,788

​

​

3,052

​

​

1,369,294

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial real estate

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

 

50,381

​

​

118,170

​

​

162,543

​

​

99,824

​

​

292,834

​

​

800,152

​

​

36,866

​

​

1,560,770

Watch (5)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

10,145

​

​

2,941

​

​

—

​

​

13,086

Special Mention (6)

​

 

232

​

​

—

​

​

—

​

​

—

​

​

—

​

​

9,036

​

​

—

​

​

9,268

Classified (7-9)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

 

50,613

​

​

118,170

​

​

162,543

​

​

99,824

​

​

302,979

​

​

812,129

​

​

36,866

​

​

1,583,124

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial business

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

 

5,417

​

​

38,189

​

​

15,465

​

​

8,699

​

​

9,145

​

​

49,949

​

​

50,143

​

​

177,007

Watch (5)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

764

​

​

2,397

​

​

—

​

​

3,161

Special Mention (6)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

 

—

​

​

—

​

​

—

​

​

14

​

​

—

​

​

—

​

​

—

​

​

14

Total

​

 

5,417

​

​

38,189

​

​

15,465

​

​

8,713

​

​

9,909

​

​

52,346

​

​

50,143

​

​

180,182

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Consumer

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

 

4,509

​

​

13,661

​

​

8,647

​

​

3,810

​

​

1,978

​

​

7,627

​

​

137,751

​

​

177,983

Watch (5)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

184

​

​

68

​

​

252

Special Mention (6)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

983

​

​

983

Classified (7-9)

​

 

—

​

​

—

​

​

10

​

​

16

​

​

—

​

​

48

​

​

233

​

​

307

Total

​

 

4,509

​

​

13,661

​

​

8,657

​

​

3,826

​

​

1,978

​

​

7,859

​

​

139,035

​

​

179,525

Current Period Gross Charge Offs

​

​

—

​

​

11

​

​

12

​

​

8

​

​

7

​

​

239

​

​

32

​

​

309

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Combined

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

 

151,553

​

​

419,045

​

​

602,113

​

​

277,528

​

​

1,147,196

​

​

1,621,734

​

​

241,525

​

​

4,460,694

Watch (5)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

10,909

​

​

8,884

​

​

68

​

​

19,861

Special Mention (6)

​

 

232

​

​

—

​

​

—

​

​

—

​

​

—

​

​

40,536

​

​

983

​

​

41,751

Classified (7-9)

​

 

—

​

​

—

​

​

10

​

​

133

​

​

3,235

​

​

1,081

​

​

233

​

​

4,692

Total

​

$

151,785

​

$

419,045

​

$

602,123

​

$

277,661

​

$

1,161,340

​

$

1,672,235

​

$

242,809

​

$

4,526,998

Current Period Gross Charge Offs

​

$

—

​

$

11

​

$

12

​

$

8

​

$

7

​

$

239

​

$

32

​

$

309

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Term Loans by Origination Year

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Revolving

​

​

December 31, 2025

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

2021

  ​ ​ ​

Prior

  ​ ​ ​

Loans

  ​ ​ ​

Total

​

​

(In Thousands)

One- to four-family residential construction

​

​

 

​

​

 

​

​

 

​

​

 

​

​

 

​

​

 

​

​

​

​

​

 

Satisfactory (1-4)

​

$

18,452

​

$

4,606

​

$

2,611

​

$

1,242

​

$

—

​

$

—

​

$

3,347

​

$

30,258

Watch (5)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Special Mention (6)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

​

18,452

​

​

4,606

​

​

2,611

​

​

1,242

​

​

—

​

​

—

​

​

3,347

​

​

30,258

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Subdivision construction

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

​

924

​

​

2,745

​

​

278

​

​

260

​

​

16,146

​

​

428

​

​

11,379

​

​

32,160

Watch (5)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Special Mention (6)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

​

924

​

​

2,745

​

​

278

​

​

260

​

​

16,146

​

​

428

​

​

11,379

​

​

32,160

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Construction and land development

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

​

11,147

​

​

9,046

​

​

6,573

​

​

1,097

​

​

368

​

​

6,413

​

​

2,875

​

​

37,519

Watch (5)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Special Mention (6)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

​

11,147

​

​

9,046

​

​

6,573

​

​

1,097

​

​

368

​

​

6,413

​

​

2,875

​

​

37,519

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other construction

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

​

35,846

​

​

166,912

​

​

7,448

​

​

38,049

​

​

969

​

​

—

​

​

—

​

​

249,224

Watch (5)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Special Mention (6)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

 

35,846

​

​

166,912

​

​

7,448

​

​

38,049

​

​

969

​

​

—

​

​

—

​

​

249,224

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

One- to four-family residential

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

​

65,388

​

​

39,406

​

​

49,967

​

​

267,992

​

​

153,547

​

​

200,389

​

​

1,340

​

​

778,029

Watch (5)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

724

​

​

—

​

​

724

Special Mention (6)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

​

—

​

​

28

​

​

71

​

​

507

​

​

268

​

​

1,756

​

​

614

​

​

3,244

Total

​

​

65,388

​

​

39,434

​

​

50,038

​

​

268,499

​

​

153,815

​

​

202,869

​

​

1,954

​

​

781,997

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

21

​

​

16

​

​

9

​

​

—

​

​

46

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other residential (multi-family)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

​

99,386

​

​

153,763

​

​

113,657

​

​

541,044

​

​

266,906

​

​

182,230

​

​

2,999

​

​

1,359,985

Watch (5)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

2,663

​

​

—

​

​

2,663

Special Mention (6)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

24,762

​

​

—

​

​

—

​

​

24,762

Classified (7-9)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

 

99,386

​

​

153,763

​

​

113,657

​

​

541,044

​

​

291,668

​

​

184,893

​

​

2,999

​

​

1,387,410

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial real estate

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

​

122,684

​

​

142,179

​

​

93,260

​

​

305,833

​

​

194,448

​

​

640,276

​

​

34,936

​

​

1,533,616

Watch (5)

​

​

—

​

​

—

​

​

—

​

​

10,548

​

​

—

​

​

2,964

​

​

—

​

​

13,512

Special Mention (6)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

9,020

​

​

—

​

​

9,020

Classified (7-9)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

​

122,684

​

​

142,179

​

​

93,260

​

​

316,381

​

​

194,448

​

​

652,260

​

​

34,936

​

​

1,556,148

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

8

​

​

—

​

​

—

​

​

8

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial business

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

​

31,698

​

​

22,010

​

​

9,959

​

​

13,490

​

​

15,629

​

​

38,256

​

​

44,170

​

​

175,212

Watch (5)

​

​

—

​

​

—

​

​

—

​

​

805

​

​

2,473

​

​

24

​

​

—

​

​

3,302

Special Mention (6)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

​

31,698

​

​

22,010

​

​

9,959

​

​

14,295

​

​

18,102

​

​

38,280

​

​

44,170

​

​

178,514

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

135

​

​

44

​

​

179

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Consumer

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

​

15,703

​

​

9,937

​

​

4,651

​

​

2,530

​

​

1,015

​

​

7,509

​

​

131,623

​

​

172,968

Watch (5)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

188

​

​

70

​

​

258

Special Mention (6)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

983

​

​

983

Classified (7-9)

​

​

—

​

​

10

​

​

15

​

​

2

​

​

11

​

​

43

​

​

158

​

​

239

Total

​

​

15,703

​

​

9,947

​

​

4,666

​

​

2,532

​

​

1,026

​

​

7,740

​

​

132,834

​

​

174,448

Current Period Gross Charge Offs

​

​

58

​

​

63

​

​

33

​

​

23

​

​

2

​

​

888

​

​

6

​

​

1,073

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Combined

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

​

401,228

​

​

550,604

​

​

288,404

​

​

1,171,537

​

​

649,028

​

​

1,075,501

​

​

232,669

​

​

4,368,971

Watch (5)

​

 

—

​

​

—

​

​

—

​

​

11,353

​

​

2,473

​

​

6,563

​

​

70

​

​

20,459

Special Mention (6)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

24,762

​

​

9,020

​

​

983

​

​

34,765

Classified (7-9)

​

 

—

​

​

38

​

​

86

​

​

509

​

​

279

​

​

1,799

​

​

772

​

​

3,483

Total

​

$

401,228

​

$

550,642

​

$

288,490

​

$

1,183,399

​

$

676,542

​

$

1,092,883

​

$

234,494

​

$

4,427,678

Current Period Gross Charge Offs

​

$

58

​

$

63

​

$

33

​

$

44

​

$

26

​

$

1,032

​

$

50

​

$

1,306

​
v3.26.1
INVESTMENTS IN LIMITED PARTNERSHIPS
 3 Months Ended
Mar. 31, 2026
INVESTMENTS IN LIMITED PARTNERSHIPS  
INVESTMENTS IN LIMITED PARTNERSHIPS

NOTE 7: INVESTMENTS IN LIMITED PARTNERSHIPS

Investments in Affordable Housing Partnerships

Periodically, the Company has invested in limited partnerships that were formed to develop and operate apartments and single-family houses designed as high-quality affordable housing for lower income tenants throughout Missouri and contiguous states (“Affordable Housing Partnerships”). At March 31, 2026, the Company had 21 such investments, with a net carrying value of $92.8 million. At December 31, 2025, the Company had 21 such investments, with a net carrying value of $96.9 million. Due to the Company’s inability to exercise significant influence over any of the investments in Affordable Housing Partnerships, they all are accounted for using the proportional amortization method. Each of the partnerships must meet the regulatory requirements for affordable housing for a minimum 15-year compliance period to fully utilize the tax credits. If the partnerships cease to qualify during the compliance period, the credits may be denied for any period in which the projects are not in compliance and a portion of the credits previously taken may be subject to recapture with interest.

The remaining federal affordable housing tax credits to be utilized through 2036 were $98.7 million as of March 31, 2026, assuming no tax credit recapture events occur and all projects currently under construction are completed as planned. Amortization of the investments in partnerships is expected to be approximately $88.4 million, assuming all projects currently under construction are completed and funded as planned.

The Company’s usage of federal affordable housing tax credits approximated $3.6 million and $3.2 million during the three months ended March 31, 2026 and 2025, respectively. Investment amortization was $3.3 million for the three months ended March 31, 2026, compared to $2.9 million for the three months ended March 31, 2025.

Investments in Community Development Entities

From time to time, the Company has invested in limited partnerships that were formed to develop and operate business and real estate projects located in low-income communities. At March 31, 2026, the Company had one such investment, with a net carrying value of $74,000. At December 31, 2025, the Company had one such investment, with a net carrying value of $99,000. Due to the Company’s inability to exercise significant influence over any of the investments in qualified community development entities, they are accounted for using the proportional amortization method. Each of the partnerships provides federal new market tax credits over a seven-year credit allowance period. In each of the first three years, credits totaling five percent of the original investment are allowed on the credit allowance dates, and for the final four years, credits totaling six percent of the original investment are allowed on the credit allowance dates. Each of the partnerships must be invested in a qualified community development entity on each of the credit allowance dates during the seven-year period to utilize the tax credits. If the community development entities cease to qualify during the seven-year period, the credits may be denied for any credit allowance date and a portion of the credits previously taken may be subject to recapture with interest. The investments in the community development entities cannot be redeemed before the end of the seven-year period.

The Company’s usage of federal new market tax credits approximated $30,000 during both the three months ended March 31, 2026 and the three months ended March 31, 2025. Investment amortization amounted to $25,000 for both the three months ended March 31, 2026 and the three months ended March 31, 2025.

Investments in Limited Partnerships for Federal Rehabilitation/Historic Tax Credits

From time to time, the Company has invested in limited partnerships that were formed to provide certain federal rehabilitation/historic tax credits. At March 31, 2026 and December 31, 2025, the Company had no such investments, with the most recent investment fully amortizing during 2024. Under current tax law, such partnerships provide federal rehabilitation/historic tax credits over a five-year credit allowance period.

The Company’s usage of certain federal rehabilitation/historic tax credits approximated $75,000 during both the three months ended March 31, 2026 and 2025. Investment amortization amounted to $-0- for the three months ended March 31, 2026 and 2025.

Investments in Limited Partnerships for State Tax Credits

On occasion, the Company has invested in limited partnerships that were formed to provide certain state tax credits. The Company has primarily syndicated these tax credits and the impact to the Consolidated Statements of Income has not been material.

​
v3.26.1
OTHER REAL ESTATE OWNED AND REPOSSESSIONS
 3 Months Ended
Mar. 31, 2026
OTHER REAL ESTATE OWNED AND REPOSSESSIONS  
OTHER REAL ESTATE OWNED AND REPOSSESSIONS

NOTE 8: OTHER REAL ESTATE OWNED AND REPOSSESSIONS

Major classifications of other real estate owned were as follows at the dates indicated:

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 

  ​ ​ ​

December 31, 

​

​

2026

​

2025

​

​

(In Thousands)

Foreclosed assets held for sale and repossessions

 

​

  ​

 

​

  ​

One- to four-family construction

​

$

—

​

$

—

Subdivision construction

​

 

—

​

 

—

Land development

​

 

—

​

 

—

Commercial construction

​

 

—

​

 

—

One- to four-family residential

​

 

643

​

 

—

Other residential (multi-family)

​

 

—

​

 

—

Commercial real estate

​

 

5,960

​

 

6,025

Commercial business

​

 

—

​

 

—

Consumer

​

 

12

​

 

11

Foreclosed assets held for sale and repossessions

​

 

6,615

​

 

6,036

​

​

​

​

​

​

​

Other real estate owned not acquired through foreclosure

​

 

—

​

 

—

​

​

​

​

​

​

​

Other real estate owned and repossessions

​

$

6,615

​

$

6,036

​

At March 31, 2026 and December 31, 2025, there was no other real estate owned not acquired through foreclosure.

At March 31, 2026, residential mortgage loans totaling $77,000 were in the process of foreclosure. At December 31, 2025, no residential mortgage loans were in the process of foreclosure.

Expenses (income) applicable to other real estate owned and repossessions included the following during the periods shown:

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

​

March 31, 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

​

​

(In Thousands)

Net loss on sales of other real estate owned and repossessions

​

$

1

​

$

5

Valuation write-downs

​

 

4

​

​

—

Operating expenses (income), net of rental income

​

 

49

​

​

(75)

​

​

$

54

​

$

(70)

​
v3.26.1
PREMISES AND EQUIPMENT
 3 Months Ended
Mar. 31, 2026
PREMISES AND EQUIPMENT  
PREMISES AND EQUIPMENT

NOTE 9: PREMISES AND EQUIPMENT

Major classifications of premises and equipment, stated at cost, were as follows at the dates indicated:

​

​

​

​

​

​

​

​

​

​

March 31, 

​

December 31, 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

​

​

(In Thousands)

Land

​

$

40,239

​

$

40,250

Buildings and improvements

​

 

110,796

​

 

110,536

Furniture, fixtures and equipment

​

 

71,881

​

 

72,121

Operating leases right of use asset

​

 

3,878

​

 

4,161

​

​

 

226,794

​

 

227,068

Less: accumulated depreciation

​

 

94,681

​

 

93,811

 

​

$

132,113

​

$

133,257

​

Leases. The Company records leases in accordance with ASU 2016-02, Leases (Topic 842). The amount of the right of use asset and corresponding lease liability will fluctuate based on the Company’s lease terminations, new leases and lease modifications and renewals. As of March 31, 2026, the lease right of use asset value was $3.9 million and the corresponding lease liability was $4.0 million. As of December 31, 2025, the lease right of use asset value was $4.2 million and the corresponding lease liability was $4.2 million. At March 31, 2026, expected lease terms ranged from 0.7 years to 9.1 years with a weighted-average lease term of 4.8 years. The weighted-average discount rate at March 31, 2026 was 4.18%.

For the three months ended March 31, 2026 and 2025, total lease expense was $429,000 and $419,000, respectively. The Company’s short-term leases related to offsite ATMs have both fixed and variable lease payment components, based on the number of transactions at the various ATMs. The variable portion of these lease payments is not material and the lease expense related to ATMs for the three months ended March 31, 2026 and 2025 was $91,000 and $76,000, respectively.

The Company does not sublease any of its leased facilities; however, it does lease portions of facilities that it owns to other parties. In terms of being the lessor in these circumstances, all of these lease agreements are classified as operating leases. In the three months ended March 31, 2026 and 2025, income recognized from these lease agreements was $381,000 and $321,000, respectively, and was included in occupancy and equipment expense.

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 2026

  ​ ​ ​

December 31, 2025

​

​

(In Thousands)

Statement of Financial Condition

​

​

​

​

​

​

Operating leases right of use asset

​

$

3,878

​

$

4,161

Operating leases liability

​

$

3,961

​

$

4,236

​

​

​

​

​

​

​

​

  ​ ​ ​

For the Three Months Ended

​

​

March 31, 2026

  ​ ​ ​

March 31, 2025

​

​

(In Thousands)

Statement of Income

​

​

​

​

​

​

Operating lease costs classified as occupancy and equipment expense (includes short-term lease costs and amortization of right of use asset)

​

$

429

​

$

419

​

​

​

​

​

​

​

Supplemental Cash Flow Information

​

​

​

​

​

​

Cash paid for amounts included in the measurement of lease liabilities:

​

​

​

​

​

​

Operating cash flows from operating leases

​

$

422

​

$

416

Right of use assets obtained in exchange for lease obligations:

​

​

​

​

​

​

Operating leases

​

$

—

​

$

—

​

At March 31, 2026, future expected lease payments for leases with terms exceeding one year were as follows (in thousands):

​

​

​

​

​

2026

  ​ ​ ​

$

963

2027

​

 

1,124

2028

​

 

881

2029

​

 

411

2030

​

 

257

2031

​

​

264

Thereafter

​

 

504

​

​

​

​

Future lease payments expected

​

 

4,404

​

​

​

​

Less: interest portion of lease payments

​

 

(443)

​

​

​

​

Lease liability

​

$

3,961

​
v3.26.1
DEPOSITS
 3 Months Ended
Mar. 31, 2026
DEPOSITS  
DEPOSITS

NOTE 10: DEPOSITS

​

​

​

​

​

​

​

​

​

​

​

​

Weighted Average

​

March 31, 

​

December 31, 

​

  ​ ​ ​

Interest Rate

  ​ ​ ​

2026

  ​ ​ ​

2025

​

​

​

​

(In Thousands, Except Interest Rates)

​

​

​

​

​

​

​

​

​

Non-interest-bearing accounts

​

—

​

$

857,357

​

$

841,515

Interest-bearing checking and savings accounts

​

1.20% and 1.20%

​

​

2,264,414

​

​

2,289,393

​

​

​

​

 

3,121,771

​

​

3,130,908

​

​

​

​

 

​

​

​

​

Certificate accounts

​

0.00% - 0.99%

​

 

28,567

​

​

31,380

​

​

1.00% - 1.99%

​

​

87,154

​

​

94,864

​

​

2.00% - 2.99%

​

​

32,283

​

​

22,720

​

​

3.00% - 3.99%

​

 

522,622

​

​

537,043

​

​

4.00% - 4.99%

​

 

795

​

​

2,432

​

​

5.00% and above

​

​

—

​

​

—

​

​

2.97% and 3.13%

​

​

671,421

​

​

688,439

​

​

​

​

​

​

​

​

​

Brokered deposits

​

3.80% and 3.80%

​

​

651,969

​

​

663,427

​

​

​

​

​

651,969

​

​

663,427

​

​

​

​

 

​

​

​

​

​

​

​

​

$

4,445,161

​

$

4,482,774

​

The Bank utilizes brokered deposits as an additional funding source. The aggregate amount of brokered deposits was approximately $652.0 million and $663.4 million at March 31, 2026 and December 31, 2025, respectively. At March 31, 2026 and December 31, 2025, brokered deposits included $300.0 million and $450.0 million, respectively, of purchased funds through the IntraFi Financial network. These IntraFi Financial deposits have a rate of interest that floats daily with an index of effective federal funds rate plus a spread. At March 31, 2026, approximately 39% of the Company’s total deposits were uninsured, including deposit accounts of consolidated subsidiaries of the Company and collateralized deposits of unaffiliated entities. Excluding deposit accounts of the Company’s consolidated subsidiaries, approximately 17% of the Company’s total deposits were uninsured at March 31, 2026.
v3.26.1
ADVANCES FROM FEDERAL HOME LOAN BANK
 3 Months Ended
Mar. 31, 2026
ADVANCES FROM FEDERAL HOME LOAN BANK  
ADVANCES FROM FEDERAL HOME LOAN BANK

NOTE 11: ADVANCES FROM FEDERAL HOME LOAN BANK

At March 31, 2026 and December 31, 2025, there were no outstanding term advances from the Federal Home Loan Bank of Des Moines. At March 31, 2026 and December 31, 2025, the Company did have outstanding overnight borrowings from the Federal Home Loan Bank of Des Moines, which are included in Note 12 below.

The Bank has pledged FHLB stock, investment securities and first mortgage loans free of other pledges, liens and encumbrances as collateral for outstanding advances or borrowings. At March 31, 2026, investment securities with carrying values of approximately $284.8 million and loans with carrying values of approximately $2.17 billion were pledged as collateral for FHLB borrowings, which equates to an advance equivalent of $1.71 billion. At December 31, 2025 investment securities with carrying values of approximately $287.7 million and loans with carrying values of approximately $2.06 billion were pledged as collateral for outstanding advances or borrowings, which equates to an advance equivalent of $1.71 billion. The Bank had $1.24 billion remaining available on its line of credit under a borrowing arrangement with the FHLB of Des Moines at March 31, 2026.
v3.26.1
SHORT-TERM BORROWINGS
 3 Months Ended
Mar. 31, 2026
SHORT-TERM BORROWINGS  
SHORT-TERM BORROWINGS

NOTE 12: SHORT-TERM BORROWINGS

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 

  ​ ​ ​

December 31, 

​

​

2026

​

2025

​

​

(In Thousands)

​

​

​

​

​

​

​

Notes payable – Community Development Equity Funds

  ​ ​ ​

$

660

  ​ ​ ​

$

928

Securities sold under reverse repurchase agreements

​

 

37,198

​

 

48,467

Overnight borrowings from the Federal Home Loan Bank

​

​

470,000

​

​

330,000

​

​

$

507,858

​

$

379,395

​

The Bank enters into sales of securities under agreements to repurchase (reverse repurchase agreements). Reverse repurchase agreements are treated as financings, and the obligations to repurchase securities sold are reflected as a liability in the statements of financial condition. The dollar amount of securities underlying the agreements remains in the asset accounts. The underlying securities sold in the agreements are held by the Bank during the agreement period. All agreements are written on a term of one month or less.

The following table represents the Company’s securities sold under reverse repurchase agreements, by collateral type. These securities contractually mature daily.

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 

  ​ ​ ​

December 31, 

​

​

2026

​

2025

​

​

(In Thousands)

Mortgage-backed securities – GNMA, FNMA, FHLMC

​

$

37,198

​

$

48,467

​
v3.26.1
SUBORDINATED NOTES
 3 Months Ended
Mar. 31, 2026
SUBORDINATED NOTES  
SUBORDINATED NOTES

NOTE 13: SUBORDINATED NOTES

On June 10, 2020, the Company completed the public offering and sale of $75.0 million of its subordinated notes. The notes were due June 15, 2030, and had a fixed interest rate of 5.50% until June 15, 2025, at which time the rate was to begin floating at a rate expected to be equal to three-month term Secured Overnight Financing Rate (SOFR) plus 5.325%. The notes were sold at par, resulting in net proceeds, after underwriting discounts and commissions, legal, accounting and other professional fees, of approximately $73.5 million. Total debt issuance costs of approximately $1.5 million were deferred and amortized over the expected life of the notes, which was five years.

On June 15, 2025, in accordance with the terms of the notes, the Company redeemed all $75.0 million aggregate principal amount of the subordinated notes at a redemption price equal to 100% of their principal amount, plus accrued and unpaid interest.

Amortization of the debt issuance costs during the three months ended March 31, 2025, totaled $74,000.

​
v3.26.1
INCOME TAXES
 3 Months Ended
Mar. 31, 2026
INCOME TAXES  
INCOME TAXES

NOTE 14: INCOME TAXES

On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was enacted in the U.S. The OBBBA includes significant provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, modifications to the international tax framework and the restoration of favorable tax treatment for certain business provisions. The legislation has multiple effective dates, with certain provisions that became effective in 2025 and others that will be implemented through 2027. Provisions effective in 2025 did not have a significant impact on the Company’s operations or financial statements. We continue to assess the expected impact of the OBBBA on our consolidated financial statements in future periods.

All income for the Company is from continuing operations and is from a single country, the United States of America. During the three months ended March 31, 2026 and 2025, the components of income tax expense were as follows:

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Three Months Ended

  ​ ​ ​

Three Months Ended

​

​

March 31, 2026

​

March 31, 2025

​

​

(In Thousands)

Current federal income tax expense

​

$

4,404

​

$

3,731

Current state income tax expense

​

 

574

​

 

720

Deferred income tax expense

​

 

(958)

​

 

(161)

​

​

​

​

​

​

​

Income tax expense

​

$

4,020

​

$

4,290

​

Reconciliations of the Company’s effective tax rates to the statutory corporate tax rates were as follows for the periods indicated:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Three Months Ended

 

​

​

March 31, 2026

​

March 31, 2025

 

​

  ​ ​ ​

(Dollars In Thousands)

  ​ ​ ​

(Dollars In Thousands)

​

Tax at statutory rate

 

$

4,514

​

21.0

%

$

4,505

​

21.0

%

Nontaxable interest and dividends

 

​

(52)

​

(0.2)

​

​

(96)

​

(0.4)

​

U.S. federal tax credits, net (primarily low-income housing)

 

​

(989)

​

(4.6)

​

​

(859)

​

(4.0)

​

State income/franchise taxes, net of federal benefit

 

​

486

​

2.3

​

​

625

​

2.9

​

Other

 

​

61

​

0.2

​

​

115

​

0.5

​

​

 

$

4,020

​

18.7

%

$

4,290

​

20.0

%

​

The Company and its consolidated subsidiaries have not been audited recently by the Internal Revenue Service (IRS). As a result, federal tax years through December 31, 2021 are now closed. In addition, there were no pending audits by any state jurisdiction at March 31, 2026.

​

During the three months ended March 31, 2026, the Company paid no U.S. federal income taxes and paid taxes to various state jurisdictions totaling $41,000. There were no payments to any individual state jurisdiction exceeding five percent of taxable income. In addition, the Company received a refund of $642,000 from one state jurisdiction and federal income tax refunds totaling $977,000. During the three months ended March 31, 2025, the Company paid no U.S. federal income taxes and paid taxes to various state jurisdictions totaling $35,000. There were no payments to any individual state jurisdiction exceeding five percent of taxable income. In addition, the Company received a refund of $19,000 from one state jurisdiction and federal income tax refunds totaling $49,000.

Tax payments made to individual state jurisdictions representing five percent or more of total income taxes paid (net of refunds) in the three months ended March 31, 2026 and 2025, respectively, included: for 2026, Georgia $34,000 and Nebraska $7,000; for 2025, Georgia $27,000 and Nebraska $8,000.

​

During the three months ended March 31, 2026 and 2025, the state and local jurisdictions that contributed a majority (totaling greater than 50%) of the effect of the state and local income tax expense included Minnesota, Colorado, and Illinois.
v3.26.1
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS
 3 Months Ended
Mar. 31, 2026
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS  
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS

NOTE 15: DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS

ASC Topic 820, Fair Value Measurements, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Topic 820 also specifies a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:

●Quoted prices in active markets for identical assets or liabilities (Level 1): Inputs that are quoted unadjusted prices in active markets for identical assets that the Company has the ability to access at the measurement date. An active market for the asset is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.
●Other observable inputs (Level 2): Inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity including quoted prices for similar assets, quoted prices for securities in inactive markets and inputs derived principally from or corroborated by observable market data by correlation or other means.
●Significant unobservable inputs (Level 3): Inputs that reflect assumptions of a source independent of the reporting entity or the reporting entity’s own assumptions that are supported by little or no market activity or observable inputs.

Financial instruments are broken down by recurring or nonrecurring measurement status. Recurring assets are initially measured at fair value and are required to be remeasured at fair value in the financial statements at each reporting date. Assets measured on a nonrecurring basis are assets that, due to an event or circumstance, were required to be remeasured at fair value after initial recognition in the financial statements at some time during the reporting period.

The Company considers transfers between the levels of the hierarchy to be recognized at the end of related reporting periods.

Recurring Measurements

The following table presents the fair value measurements of assets recognized in the accompanying statements of financial condition measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fell at March 31, 2026 and December 31, 2025:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair value measurements using

​

​

​

​

​

Quoted prices

​

​

​

​

​

​

​

​

​

​

​

in active

​

​

​

​

​

​

​

​

​

​

​

markets

​

Other

​

Significant

​

​

​

​

​

for identical

​

observable

​

unobservable

​

​

​

​

​

assets

​

inputs

​

inputs

​

  ​ ​ ​

Fair value

  ​ ​ ​

(Level 1)

  ​ ​ ​

(Level 2)

  ​ ​ ​

(Level 3)

​

​

(In Thousands)

March 31, 2026

​

​

  ​

​

​

  ​

​

​

  ​

​

​

  ​

Available-for-sale securities

​

​

​

​

​

​

​

​

​

​

​

​

Agency mortgage-backed securities

​

$

294,757

​

$

—

​

$

294,757

​

$

—

Agency collateralized mortgage obligations

​

 

113,859

​

​

—

​

​

113,859

​

​

—

States and political subdivisions securities

​

 

50,814

​

​

—

​

​

50,814

​

​

—

Small Business Administration securities

​

 

54,416

​

​

—

​

​

54,416

​

​

—

Interest rate derivative asset

​

 

5,461

​

​

—

​

​

5,461

​

​

—

Interest rate derivative liability

​

 

(12,880)

​

​

—

​

​

(12,880)

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2025

​

 

​

​

​

​

​

​

​

​

​

​

Available-for-sale securities

​

​

​

​

​

​

​

​

​

​

​

​

Agency mortgage-backed securities

​

$

301,249

​

$

—

​

$

301,249

​

$

—

Agency collateralized mortgage obligations

​

 

115,333

​

​

—

​

​

115,333

​

​

—

States and political subdivisions securities

​

 

51,398

​

​

—

​

​

51,398

​

​

—

Small Business Administration securities

​

 

55,851

​

​

—

​

​

55,851

​

​

—

Interest rate derivative asset

​

 

5,663

​

​

—

​

​

5,663

​

​

—

Interest rate derivative liability

​

 

(11,236)

​

​

—

​

​

(11,236)

​

​

—

​

The following is a description of inputs and valuation methodologies used for assets recorded at fair value on a recurring basis and recognized in the accompanying statements of financial condition at March 31, 2026 and December 31, 2025 as well as the general classification of such assets pursuant to the valuation hierarchy. There were no significant changes in the valuation techniques during the three-month period ended March 31, 2026.

Available-for-Sale Securities. Investment securities available-for-sale are recorded at fair value on a recurring basis. The fair values used by the Company are obtained from an independent pricing service, which represent either quoted market prices for the identical asset or fair values determined by pricing models, or other model-based valuation techniques, that consider observable market data, such as interest rate volatilities, SOFR yield curve, credit spreads and prices from market makers and live trading systems. Recurring Level 2 securities include U.S. government agency securities, mortgage-backed securities, state and municipal bonds and certain other investments. Inputs used for valuing Level 2 securities include observable data that may include dealer quotes, benchmark yields, market spreads, live trading levels and market consensus prepayment speeds, among other things. Additional inputs include indicative values derived from the independent pricing service’s proprietary computerized models. There were no recurring Level 3 securities at March 31, 2026 or December 31, 2025.

Interest Rate Derivatives. The fair values are estimated using forward-looking interest rate curves and are determined using observable market rates and, therefore, are classified within Level 2 of the valuation hierarchy.

Nonrecurring Measurements

The following tables present the fair value measurements of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the measurements fell at March 31, 2026 and December 31, 2025:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurements Using

​

​

​

​

​

Quoted prices

​

​

​

​

​

​

​

​

​

​

​

in active

​

​

​

​

​

​

​

​

​

​

​

markets

​

Other

​

Significant

​

​

​

​

​

for identical

​

observable

​

unobservable

​

​

​

​

​

assets

​

inputs

​

inputs

​

  ​ ​ ​

Fair value

  ​ ​ ​

(Level 1)

  ​ ​ ​

(Level 2)

  ​ ​ ​

(Level 3)

​

​

(In Thousands)

March 31, 2026

​

​

  ​

​

​

  ​

​

​

  ​

​

​

  ​

Collateral-dependent loans

​

$

—

​

$

—

​

$

—

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

Foreclosed assets held for sale

​

$

—

​

$

—

​

$

—

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2025

​

 

​

​

 

  ​

​

 

  ​

​

 

  ​

Collateral-dependent loans

​

$

—

​

$

—

​

$

—

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

Foreclosed assets held for sale

​

$

65

​

$

—

​

$

—

​

$

65

​

The following is a description of valuation methodologies used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying statements of financial condition, as well as the general classification of such assets pursuant to the valuation hierarchy. For assets classified within Level 3 of the fair value hierarchy, the process used to develop the reported fair value is described below.

Loans Held for Sale. Mortgage loans held for sale are recorded at the lower of carrying value or fair value. The fair value of mortgage loans held for sale is based on what secondary markets are currently offering for portfolios with similar characteristics. As such, the Company classifies mortgage loans held for sale as Nonrecurring Level 2. Write-downs to fair value typically do not occur as the Company generally enters into commitments to sell individual mortgage loans at the time the loan is originated to reduce market risk. The Company typically does not have commercial loans held for sale. At March 31, 2026 and December 31, 2025, the aggregate fair value of mortgage loans held for sale was not materially different than their cost. Accordingly, no mortgage loans held for sale were marked down and reported at fair value.

Collateral-Dependent Loans. The Company records collateral-dependent loans as Nonrecurring Level 3. If a loan’s fair value as estimated by the Company is less than its carrying value, the Company either records a charge-off of the portion of the loan that exceeds the fair value or establishes a reserve within the allowance for credit losses specific to the loan. Loans for which such charge-offs or reserves were recorded during the three months ended March 31, 2026 and the year ended December 31, 2025, are shown in the table above (net of reserves).

Foreclosed Assets Held for Sale. Foreclosed assets held for sale are initially recorded at fair value less estimated cost to sell at the date of foreclosure. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less estimated cost to sell. Foreclosed assets held for sale are classified within Level 3 of the fair value hierarchy. There were no foreclosed assets held for sale at March 31, 2026 which had valuation write-downs subsequent to the initial recording of the assets.

Fair Value of Financial Instruments

The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying statements of financial condition at amounts other than fair value.

Cash and Cash Equivalents and Federal Home Loan Bank Stock. The carrying amount approximates fair value.

Held-to-Maturity Securities. Fair values for held-to-maturity securities are estimated based on quoted market prices of similar securities. For these securities, the Company obtains fair value measurements from an independent pricing service, which represent either quoted market prices for the identical asset or fair values determined by pricing models, or other model-based valuation techniques, that consider observable market data, such as interest rate volatilities, SOFR yield curve, credit spreads and prices from

market makers and live trading systems. These securities include U.S. government agency securities, mortgage-backed securities, state and municipal bonds and certain other investments.

Loans and Interest Receivable. The fair value of loans is estimated on an exit price basis incorporating contractual cash flows, prepayment discount spreads, credit loss and liquidity premiums. Loans with similar characteristics are aggregated for purposes of the calculations. The carrying amount of accrued interest receivable approximates its fair value.

Deposits and Accrued Interest Payable. The fair value of demand deposits and savings accounts is the amount payable on demand at the reporting date, i.e., their carrying amounts. The fair value of fixed maturity certificates of deposit is estimated based on a discounted cash flow calculation using the average advances yield curve from 11 districts of the FHLB for the as of date. The carrying amount of accrued interest payable approximates its fair value.

Short-Term Borrowings. The carrying amount approximates fair value.

Subordinated Debentures Issued to Capital Trusts. The subordinated debentures have floating rates that reset quarterly. The carrying amount of these debentures approximates their fair value.

Commitments to Originate Loans, Letters of Credit and Lines of Credit. The fair value of commitments is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of letters of credit is based on fees currently charged for similar agreements or on the estimated cost to terminate them or otherwise settle the obligations with the counterparties at the reporting date.

The following table presents estimated fair values of the Company’s financial instruments not recorded at fair value in the financial statements. The fair values of certain of these instruments were calculated by discounting expected cash flows, which involves significant judgments by management and uncertainties. Fair value is the estimated amount at which financial assets or liabilities could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. Because no market exists for certain of these financial instruments and because management does not intend to sell these financial instruments, the Company does not know whether the fair values shown below represent values at which the respective financial instruments could be sold individually or in the aggregate.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

March 31, 2026

  ​ ​ ​

December 31, 2025

​

​

Carrying

​

Fair

​

Hierarchy

​

Carrying

​

Fair

​

Hierarchy

​

  ​ ​ ​

Amount

  ​ ​ ​

Value

  ​ ​ ​

Level

  ​ ​ ​

Amount

  ​ ​ ​

Value

  ​ ​ ​

Level

​

​

(In Thousands)

Financial assets

​

​

  ​

 

​

  ​

​

  ​

​

​

  ​

​

​

  ​

​

  ​

Cash and cash equivalents

​

$

187,404

​

$

187,404

 

1

​

$

189,554

​

$

189,554

 

1

Held-to-maturity securities

​

​

177,594

​

​

160,520

​

2

​

​

179,200

​

​

162,629

​

2

Mortgage loans held for sale

​

 

6,823

​

​

6,823

 

2

​

 

6,838

​

 

6,838

 

2

Loans, net of allowance for credit losses

​

 

4,456,639

​

​

4,374,501

 

3

​

 

4,356,853

​

 

4,261,757

 

3

Interest receivable

​

 

19,716

​

​

19,716

 

3

​

 

18,068

​

 

18,068

 

3

Investment in FHLBank stock and other assets

​

 

27,720

​

​

27,720

 

3

​

 

20,079

​

 

20,079

 

3

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Financial liabilities

​

 

​

​

​

​

 

​

​

 

​

​

 

​

 

​

Deposits

​

 

4,445,161

​

​

4,442,627

 

3

​

 

4,482,774

​

 

4,480,770

 

3

Short-term borrowings

​

 

507,858

​

​

507,858

 

3

​

 

379,395

​

 

379,395

 

3

Subordinated debentures

​

 

25,774

​

​

25,774

 

3

​

 

25,774

​

 

25,774

 

3

Interest payable

​

 

3,250

​

​

3,250

 

3

​

 

3,612

​

 

3,612

 

3

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Unrecognized financial instruments (net of contractual value)

​

 

​

​

​

​

 

​

​

 

​

​

 

​

 

​

Commitments to originate loans

​

 

—

​

​

—

 

3

​

 

—

​

 

—

 

3

Letters of credit

​

 

68

​

​

68

 

3

​

 

53

​

 

53

 

3

Lines of credit

​

 

—

​

​

—

 

3

​

 

—

​

 

—

 

3

​
v3.26.1
DERIVATIVES AND HEDGING ACTIVITIES
 3 Months Ended
Mar. 31, 2026
DERIVATIVES AND HEDGING ACTIVITIES  
DERIVATIVES AND HEDGING ACTIVITIES

NOTE 16: DERIVATIVES AND HEDGING ACTIVITIES

Risk Management Objective of Using Derivatives

The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity and credit risk, primarily by managing the amount, sources and duration of its assets and liabilities. In the normal course of business, the Company may use derivative financial instruments (primarily interest rate swaps) from time to time to assist in its interest rate risk management. The Company has interest rate derivatives that result from a service provided to certain qualifying loan customers that are not used to manage interest rate risk in the Company’s assets or liabilities and are not designated in a qualifying hedging relationship. The Company manages a matched book with respect to its derivative instruments in order to minimize its net risk exposure resulting from such transactions. In addition, the Company has interest rate derivatives that have been designated in a qualified hedging relationship.

Nondesignated Hedges

The Company has interest rate swaps that are not designated in a qualifying hedging relationship. Derivatives not designated as hedges are not speculative and result from a service the Company provides to certain loan customers. The Company executes interest rate swaps with commercial banking customers to facilitate their respective risk management strategies. Those interest rate swaps are simultaneously hedged by offsetting interest rate swaps that the Company executes with a third party, such that the Company minimizes its net risk exposure resulting from such transactions. As the interest rate swaps associated with this program do not meet the strict hedge accounting requirements, changes in the fair value of both the customer swaps and the offsetting swaps are recognized directly in earnings.

At March 31, 2026, the Company had seven interest rate swaps totaling $125.5 million in notional amount with commercial customers, and seven interest rate swaps with the same aggregate notional amount with third parties related to its program. In addition, at March 31, 2026, the Company had one participation loan purchased totaling $1.8 million, in which the lead institution has an interest rate swap with its customer and the economics of the counterparty swap are passed along to the Company through the loan participation. At December 31, 2025, the Company had six interest rate swaps totaling $114.4 million in notional amount with commercial customers, and six interest rate swaps with the same notional amount with third parties related to its program. In addition, at December 31, 2025, the Company had one participation loan purchased totaling $199,000, in which the lead institution has an interest rate swap with its customer and the economics of the counterparty swap are passed along to the Company through the loan participation. During the three months ended March 31, 2026 and 2025, the Company recognized net losses of $2,000 and $24,000, respectively, in non-interest income related to changes in the fair value of these swaps.

Cash Flow Hedges

Interest Rate Swaps. As a strategy to maintain acceptable levels of exposure to the risk of changes in future cash flows due to interest rate fluctuations, in October 2018, the Company entered into an interest rate swap transaction as part of its ongoing interest rate management strategies to hedge the risk of its floating rate loans. The notional amount of the swap was $400 million with a termination date of October 6, 2025. Under the terms of the swap, the Company received a fixed rate of interest of 3.018% and paid a floating rate of interest equal to one-month USD-LIBOR. The floating rate was reset monthly and net settlements of interest due to/from the counterparty also occurred monthly. To the extent that the fixed rate of interest exceeded one-month USD-LIBOR, the Company received net interest settlements which were recorded as loan interest income. If USD-LIBOR exceeded the fixed rate of interest, the Company was required to pay net settlements to the counterparty and record those net payments as a reduction of interest income on loans.

In March 2020, the Company and its swap counterparty mutually agreed to terminate the $400 million interest rate swap prior to its contractual maturity. The Company was paid $45.9 million from its swap counterparty as a result of this termination. This $45.9 million, less the accrued interest portion and net of deferred income taxes, was reflected in the Company’s stockholders’ equity as part of Accumulated Other Comprehensive Income (AOCI). This balance was accreted to interest income on loans monthly through the original contractual termination date of October 6, 2025. This had the effect of adjusting AOCI and increasing Net Interest Income and Retained Earnings over the period. The Company recorded $2.0 million of interest income related to this terminated swap in the three-month period ended March 31, 2025. After October 6, 2025, the accretion of interest income related to the terminated swap concluded.

​

In July 2022, the Company entered into two interest rate swap transactions as part of its ongoing interest rate management strategies to hedge the risk of its floating rate loans. The notional amount of each swap is $200 million with an effective date of May 1, 2023 and a termination date of May 1, 2028. Under the terms of one swap, the Company receives a fixed rate of interest of 2.628% and pays a floating rate of interest equal to one-month USD-SOFR OIS. Under the terms of the other swap, the Company receives a fixed rate of interest of 5.725% and pays a floating rate of interest equal to one-month USD-Prime. In each case, the floating rate resets monthly and net settlements of interest due to/from the counterparty also occur monthly. To the extent the fixed rate of interest exceeds the floating rate of interest, the Company receives net interest settlements, which are recorded as loan interest income. If the floating rate of interest exceeds the fixed rate of interest, the Company pays net settlements to the counterparty and records those net payments as a reduction of interest income on loans. At March 31, 2026, the USD-Prime rate was 6.75% and the one-month USDSOFR OIS rate was 3.65221%. The Company recorded a reduction of loan interest income related to these swap transactions of $1.0 million and $1.7 million in the three months ended March 31, 2026 and 2025, respectively.

The effective portion of the gain or loss on the derivative is reported as a component of other comprehensive income and reclassified into earnings in the same period or periods during which the hedged transaction affected earnings. Gains and losses on the derivative representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings. During the three months ended March 31, 2026 and 2025, the Company recognized no non-interest income related to changes in the fair value of these derivatives.

The table below presents the fair value of the Company’s derivative financial instruments, as well as their classification in the Consolidated Statements of Financial Condition, at the dates indicated:

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Location in

  ​ ​ ​

Fair Value

​

​

Consolidated Statements

​

March 31, 

  ​ ​ ​

December 31, 

​

​

of Financial Condition

​

2026

​

2025

​

​

​

​

(In Thousands)

Derivatives designated as hedging instruments

​

​

​

​

​

​

​

​

Active interest rate swaps

​

Accrued expenses and other liabilities

​

$

7,434

​

$

5,590

​

​

​

​

​

​

​

​

​

Total derivatives designated as hedging instruments

​

​

​

$

7,434

​

$

5,590

​

​

​

​

​

​

​

​

​

Derivatives not designated as hedging instruments

​

​

​

​

​

​

​

​

Asset Derivatives

 

​

​

​

​

​

​

​

Interest rate products

 

Prepaid expenses and other assets

​

$

5,461

​

$

5,663

​

​

​

​

​

​

​

​

​

Total derivatives not designated as hedging instruments

​

​

​

$

5,461

​

$

5,663

​

​

​

​

​

​

​

​

​

Liability Derivatives

​

​

​

 

​

​

​

​

Interest rate products

​

Accrued expenses and other liabilities

​

$

5,446

​

$

5,646

​

​

​

​

​

​

​

​

​

Total derivatives not designated as hedging instruments

​

​

​

$

5,446

​

$

5,646

​

The following table presents, for the periods indicated, the effect of cash flow hedge accounting through AOCI on the statements of comprehensive income:

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Amount of Gain (Loss)

​

​

Recognized in AOCI

​

​

Three Months Ended March 31, 

Cash Flow Hedges

 

2026

  ​ ​ ​

2025

​

 

(In Thousands)

Terminated interest rate swap, net of income taxes

​

$

—

​

$

(1,546)

Active interest rate swaps, net of income taxes

​

​

(1,390)

​

​

4,181

​

​

$

(1,390)

​

$

2,635

​

The following table presents, for the periods indicated, the effect of cash flow hedge accounting on the statements of income:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended March 31, 

Cash Flow Hedges

 

2026

 

2025

​

 

Interest

 

Interest

 

Interest

 

Interest

​

  ​ ​ ​

Income

  ​ ​ ​

Expense

  ​ ​ ​

Income

  ​ ​ ​

Expense

​

 

(In Thousands)

Total Interest Income

​

$

71,165

​

$

—

​

$

80,243

​

$

—

Total Interest Expense

​

​

—

​

​

22,837

​

​

—

​

​

30,909

​

​

$

71,165

​

$

22,837

​

$

80,243

​

$

30,909

​

​

​

​

​

​

​

​

​

​

​

​

​

Terminated interest rate swap

​

$

—

​

$

—

​

$

2,003

​

$

—

Active interest rate swaps

​

​

(1,031)

​

​

—

​

​

(1,742)

​

​

—

​

​

$

(1,031)

​

$

—

​

$

261

​

$

—

​

Agreements with Derivative Counterparties

The Company has agreements with its derivative counterparties. If the Company defaults on any of its indebtedness, including a default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. If the Bank fails to maintain its status as a well-capitalized institution, then the counterparty could terminate the derivative positions and the Company would be required to settle its obligations under the agreements. Similarly, the Company could be required to settle its obligations under certain of its agreements if certain regulatory events occur, such as the issuance of a formal directive, or if the Company’s credit rating is downgraded below a specified level.

At March 31, 2026, the termination value of derivatives with our derivative dealer counterparties (related to loan level swaps with commercial lending customers and interest rate swaps to hedge risk related to the Company’s variable rate loans) in an overall net asset position, which included accrued interest but excluded any adjustment for nonperformance risk, related to these agreements was $15,000. The Company has minimum collateral posting thresholds with its derivative dealer counterparties. At March 31, 2026, the Company had given cash collateral to one derivative counterparty of $3.2 million to cover its net fair value position. This counterparty position included collateral from the counterparty of $4.9 million for commercial lending swaps and collateral from the Company of $7.8 million for interest rate swaps related to variable rate loans.

At December 31, 2025, the termination value of derivatives with our derivative dealer counterparties (related to loan level swaps with commercial lending customers and interest rate swaps to hedge risk related to the Company’s variable rate loans) in an overall net asset position, which included accrued interest but excluded any adjustment for nonperformance risk, related to these agreements was $17,000. At December 31, 2025, the Company had given cash collateral to one derivative counterparty of $1.6 million to cover its net fair value position. This counterparty position included collateral from the counterparty of $4.5 million for commercial lending swaps and collateral from the Company of $6.0 million for interest rate swaps related to variable rate loans.

If the Company had breached any of these provisions at March 31, 2026 or December 31, 2025, it could have been required to settle its obligations under the agreements at the termination value. Under the collateral agreements between the parties, either party may choose to provide cash or securities to satisfy its collateral requirements.
v3.26.1
OPERATING SEGMENTS
 3 Months Ended
Mar. 31, 2026
OPERATING SEGMENTS  
OPERATING SEGMENTS

NOTE 17: OPERATING SEGMENTS

​

The Company’s banking operation is its only operating segment. The banking operation is principally engaged in the business of originating residential and commercial real estate loans, construction loans, commercial business loans and consumer loans and funding these loans by attracting deposits from the general public, accepting brokered deposits and borrowing from the Federal Home Loan Bank and others. The operating results of this segment are regularly reviewed by management to make decisions about resource allocations and to assess performance. The parent holding company does not have any significant operations other than ownership of the Bank, and the parent holding company’s only income is equity in the earnings of the Bank.

Our chief executive officer is our chief operating decision maker. Our chief executive officer reviews actual net income versus budgeted net income, as well as comparison to other comparable financial reporting periods, to assess performance on a monthly basis and to make decisions about allocating capital and personnel.

Financial results by operating segment (all attributed to the banking segment), including significant expense categories provided to the chief operating decision maker, are detailed below for the three months ended March 31, 2026 and 2025.

​

​

​

​

​

​

​

​

​

​

Three Months Ended March 31, 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

​

​

(In Thousands)

Interest income

​

$

71,165

​

$

80,243

Interest expense

​

 

22,837

​

 

30,909

Net interest income

​

 

48,328

​

 

49,334

​

​

​

​

​

​

​

Credit loss expense

​

 

(931)

​

 

(348)

Net interest income after credit loss expense

​

 

49,259

​

 

49,682

​

​

​

​

​

​

​

Non-interest Income

​

 

  ​

​

 

​

Commissions

​

 

615

​

 

262

Overdraft and insufficient funds fees

​

 

1,231

​

 

1,215

Point-of-sale and ATM fee income and service charges

​

 

3,101

​

 

3,234

Net gain on loan sales

​

 

719

​

 

601

Late charges and fees on loans

​

 

136

​

 

243

Fees from debit card contracts

​

 

410

​

 

501

Other income

​

 

817

​

 

534

​

​

 

7,029

​

 

6,590

​

​

​

​

​

​

​

Non-interest Expense

​

 

  ​

​

 

​

Salaries and incentives

​

 

16,089

​

 

16,203

Employee benefits

​

 

3,982

​

 

3,926

Net occupancy expense

​

 

3,175

​

 

3,379

Technology, furniture and equipment expense

​

 

5,689

​

 

5,154

Postage

​

 

925

​

 

931

Insurance

​

 

1,072

​

 

1,165

Advertising

​

 

372

​

 

290

Office supplies and printing

​

 

222

​

 

266

Telephone

​

 

685

​

 

706

Legal, audit and other professional fees

​

 

690

​

 

1,038

Expense (income) on other real estate and repossessions

​

 

54

​

 

(70)

Intangible asset amortization

​

 

108

​

 

108

Travel meals and entertainment

​

 

377

​

 

348

Other operating expenses

​

 

1,352

​

 

1,378

​

​

 

34,792

​

 

34,822

​

​

​

​

​

​

​

Income Before Income Taxes

​

 

21,496

​

 

21,450

Provision for Income Taxes

​

 

4,020

​

 

4,290

Net Income

​

$

17,476

​

$

17,160

​
v3.26.1
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Pay vs Performance Disclosure    
Net Income (Loss) $ 17,476 $ 17,160
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2026
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.26.1
EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2026
EARNINGS PER SHARE  
Schedule of earnings per common share

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Three Months Ended March 31, 

​

​

2026

  ​ ​ ​

2025

​

  ​ ​ ​

(In Thousands, Except Per Share Data)

Basic:

​

​

​

​

​

​

Average common shares outstanding

​

 

10,988

​

 

11,640

Net income

 

$

17,476

 

$

17,160

Per common share amount

 

$

1.59

 

$

1.47

​

​

​

​

​

​

​

Diluted:

​

​

​

​

​

​

Average common shares outstanding

​

​

10,988

​

​

11,640

Net effect of dilutive stock options – based on the treasury stock method using average market price

​

​

61

​

​

52

Diluted common shares

​

​

11,049

​

​

11,692

Net income

 

$

17,476

 

$

17,160

Per common share amount

 

$

1.58

 

$

1.47

​
v3.26.1
INVESTMENT SECURITIES (Tables)
 3 Months Ended
Mar. 31, 2026
INVESTMENT SECURITIES  
Schedule of amortized cost and fair values of securities

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 2026

​

​

​

​

Gross

​

Gross

​

​

​

​

​

Amortized

​

Unrealized

​

Unrealized

​

Fair

​

 

Cost

  ​ ​ ​

Gains

  ​ ​ ​

Losses

  ​ ​ ​

Value

​

 

(In Thousands)

AVAILABLE-FOR-SALE SECURITIES:

​

​

​

​

​

​

​

​

​

​

​

​

Agency mortgage-backed securities

 

$

320,297

 

$

380

 

$

25,920

 

$

294,757

Agency collateralized mortgage obligations

​

​

119,018

​

​

771

​

​

5,930

​

​

113,859

States and political subdivisions

​

​

53,224

​

​

76

​

​

2,486

​

​

50,814

Small Business Administration securities

​

​

59,922

​

​

—

​

​

5,506

​

​

54,416

​

 

$

552,461

 

$

1,227

 

$

39,842

 

$

513,846

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

March 31, 2026

​

​

​

​

​

​

Amortized

​

Gross

​

Gross

​

​

​

​

Amortized

​

Fair Value

​

Carrying

​

Unrealized

​

Unrealized

​

Fair

​

  ​ ​ ​

Cost

  ​ ​ ​

Adjustment

  ​ ​ ​

Value

  ​ ​ ​

Gains

  ​ ​ ​

Losses

  ​ ​ ​

Value

​

​

(In Thousands)

HELD-TO-MATURITY SECURITIES:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Agency mortgage-backed securities

​

$

69,377

​

$

1,179

​

$

70,556

​

$

—

​

$

5,820

​

$

64,736

Agency collateralized mortgage obligations

​

 

102,711

​

 

(1,778)

​

 

100,933

​

 

—

​

 

10,739

​

 

90,194

States and political subdivisions

​

 

6,076

​

 

29

​

 

6,105

​

 

—

​

 

515

​

 

5,590

​

​

$

178,164

​

$

(570)

​

$

177,594

​

$

—

​

$

17,074

​

$

160,520

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

December 31, 2025

​

​

​

​

Gross

​

Gross

​

​

​

​

​

Amortized

​

Unrealized

​

Unrealized

​

Fair

​

 

Cost

  ​ ​ ​

Gains

  ​ ​ ​

Losses

  ​ ​ ​

Value

​

 

(In Thousands)

AVAILABLE-FOR-SALE SECURITIES:

​

​

​

​

​

​

​

​

​

​

​

​

Agency mortgage-backed securities

 

$

325,618

 

$

805

 

$

25,174

 

$

301,249

Agency collateralized mortgage obligations

​

​

120,465

​

​

933

​

​

6,065

​

​

115,333

States and political subdivisions securities

​

​

53,347

​

​

89

​

​

2,038

​

​

51,398

Small Business Administration securities

​

​

61,000

​

​

14

​

​

5,163

​

​

55,851

​

 

$

560,430

 

$

1,841

 

$

38,440

 

$

523,831

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

December 31, 2025

​

​

​

​

​

​

​

​

Amortized

​

Gross

​

Gross

​

​

​

​

​

Amortized

​

Fair Value

​

Carrying

​

Unrealized

​

Unrealized

​

Fair

​

  ​ ​ ​

Cost

  ​ ​ ​

Adjustment

  ​ ​ ​

Value

  ​ ​ ​

Gains

  ​ ​ ​

Losses

  ​ ​ ​

Value

​

​

(In Thousands)

HELD-TO-MATURITY SECURITIES:

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Agency mortgage-backed securities

​

$

69,713

​

$

1,313

​

$

71,026

​

$

—

​

$

5,694

​

$

65,332

Agency collateralized mortgage obligations

​

 

103,918

​

 

(1,857)

​

 

102,061

​

 

—

​

 

10,424

​

 

91,637

States and political subdivisions

​

 

6,086

​

 

27

​

 

6,113

​

 

—

​

 

453

​

 

5,660

​

​

$

179,717

​

$

(517)

​

$

179,200

​

$

—

​

$

16,571

​

$

162,629
Schedule of amortized cost and fair value of available-for-sale and held-to-maturity securities by contractual maturity

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Available-for-Sale

​

Held-to-Maturity

​

​

Amortized

​

Fair

​

Amortized

​

Fair

​

  ​ ​ ​

Cost

  ​ ​ ​

Value

  ​ ​ ​

Carrying Value

  ​ ​ ​

Value

​

​

(In Thousands)

One year or less

​

$

—

​

$

—

​

$

—

 

$

—

After one through two years

​

​

1,029

​

​

1,037

​

​

—

​

​

—

After two through three years

​

​

—

​

​

—

​

​

—

​

​

—

After three through four years

​

​

—

​

​

—

​

​

—

​

​

—

After four through five years

​

​

—

​

​

—

​

​

—

​

​

—

After five through fifteen years

​

​

26,290

​

​

25,243

​

​

6,105

​

​

5,590

After fifteen years

​

​

25,905

​

​

24,534

​

​

—

​

​

—

Securities not due on a single maturity date

​

​

499,237

​

​

463,032

​

​

171,489

​

​

154,930

​

​

$

552,461

​

$

513,846

​

$

177,594

 

$

160,520
Schedule of gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

March 31, 2026

​

​

Less than 12 Months

​

12 Months or More

​

Total

​

​

Fair

​

Unrealized

​

Fair

​

Unrealized

​

Fair

​

Unrealized

Description of Securities

  ​ ​ ​ ​

Value

  ​ ​ ​

Losses

  ​ ​ ​

Value

  ​ ​ ​

Losses

  ​ ​ ​

Value

  ​ ​ ​

Losses

​

 

(In Thousands)

AVAILABLE-FOR-SALE SECURITIES:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Agency mortgage-backed securities

 

$

20,762

​

$

(21)

​

$

236,437

​

$

(25,899)

​

$

257,199

​

$

(25,920)

Agency collateralized mortgage obligations

​

​

9,098

​

​

(95)

​

​

60,041

​

​

(5,835)

​

​

69,139

​

​

(5,930)

States and political subdivisions securities

​

​

10,724

​

​

(289)

​

​

36,633

​

​

(2,197)

​

​

47,357

​

​

(2,486)

Small Business Administration securities

​

​

6,971

​

​

(59)

​

​

47,445

​

​

(5,447)

​

​

54,416

​

​

(5,506)

​

 

$

47,555

​

$

(464)

​

$

380,556

​

$

(39,378)

​

$

428,111

​

$

(39,842)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

HELD-TO-MATURITY SECURITIES:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Agency mortgage-backed securities

​

$

—

​

$

—

​

$

64,736

​

$

(5,820)

​

$

64,736

​

$

(5,820)

Agency collateralized mortgage obligations

​

​

—

​

​

—

​

​

90,194

​

​

(10,739)

​

​

90,194

​

​

(10,739)

States and political subdivisions securities

​

​

—

​

​

—

​

​

5,590

​

​

(515)

​

​

5,590

​

​

(515)

​

​

$

—

​

$

—

​

$

160,520

​

$

(17,074)

​

$

160,520

​

$

(17,074)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

December 31, 2025

​

​

Less than 12 Months

​

12 Months or More

​

Total

​

​

Fair

​

Unrealized

​

Fair

​

Unrealized

​

Fair

​

Unrealized

Description of Securities

  ​ ​ ​ ​

Value

  ​ ​ ​

Losses

  ​ ​ ​ ​

Value

  ​ ​ ​

Losses

  ​ ​ ​

Value

  ​ ​ ​

Losses

​

 

(In Thousands)

AVAILABLE-FOR-SALE SECURITIES:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Agency mortgage-backed securities

 

$

—

 

$

—

 

$

241,503

 

$

(25,174)

 

$

241,503

 

$

(25,174)

Agency collateralized mortgage obligations

​

​

—

​

​

—

​

​

70,774

​

​

(6,065)

​

​

70,774

​

​

(6,065)

States and political subdivisions securities

​

​

4,409

​

​

(109)

​

​

43,528

​

​

(1,929)

​

​

47,937

​

​

(2,038)

Small Business Administration securities

​

​

—

​

​

—

​

​

48,807

​

​

(5,163)

​

​

48,807

​

​

(5,163)

​

 

$

4,409

​

$

(109)

 

$

404,612

​

$

(38,331)

 

$

409,021

​

$

(38,440)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

HELD-TO-MATURITY SECURITIES:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Agency mortgage-backed securities

​

$

—

​

$

—

​

$

65,332

​

$

(5,694)

​

$

65,332

​

$

(5,694)

Agency collateralized mortgage obligations

​

​

—

​

​

—

​

​

91,637

​

​

(10,424)

​

​

91,637

​

​

(10,424)

States and political subdivisions securities

​

​

—

​

​

—

​

​

5,660

​

​

(453)

​

​

5,660

​

​

(453)

​

​

$

—

​

$

—

​

$

162,629

​

$

(16,571)

​

$

162,629

​

$

(16,571)

​
v3.26.1
LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)
 3 Months Ended
Mar. 31, 2026
LOANS AND ALLOWANCE FOR CREDIT LOSSES  
Schedule of classes of loans

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 

  ​ ​ ​

December 31, 

 

​

​

2026

​

2025

 

​

​

(In Thousands)

 

One- to four-family residential construction

 

$

38,981

​

$

30,258

​

Subdivision construction

​

​

23,008

​

​

32,160

​

Land development

​

​

43,555

​

​

37,519

​

Commercial construction

​

​

326,602

​

​

249,224

​

Owner occupied one- to four-family residential

​

​

651,228

​

​

656,699

​

Non-owner occupied one- to four-family residential

​

​

131,499

​

​

125,298

​

Commercial real estate

​

​

1,583,124

​

​

1,556,148

​

Other residential (multi-family)

​

​

1,369,294

​

​

1,387,410

​

Commercial business

​

​

180,182

​

​

178,514

​

Consumer auto

​

​

23,372

​

​

24,169

​

Consumer other

​

​

21,449

​

​

22,249

​

Home equity lines of credit

​

​

134,704

​

​

128,030

​

​

​

​

4,526,998

​

​

4,427,678

​

Allowance for credit losses

​

​

(64,784)

​

​

(64,771)

​

Deferred loan fees and gains, net

​

​

(5,575)

​

​

(6,054)

​

​

 

$

4,456,639

​

$

4,356,853

​

​

​

​

​

​

​

​

​

Weighted average interest rate

​

​

5.78

%

​

5.76

%
Schedule of classes of loans by aging as of the dates indicated

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 2026

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total Loans

​

​

​

​

​

​

​

​

Over 90

​

​

​

​

​

​

​

Total

​

> 90 Days Past

​

​

30-59 Days

​

60-89 Days

​

Days

​

Total Past

​

​

​

​

Loans

​

Due and

​

​

Past Due

  ​ ​ ​

Past Due

  ​ ​ ​

Past Due

  ​ ​ ​

Due

  ​ ​ ​

Current

  ​ ​ ​

Receivable

  ​ ​ ​

Still Accruing

​

​

(In Thousands)

One- to four-family residential construction

 

$

34

​

$

—

​

$

—

​

$

34

​

$

38,947

​

$

38,981

​

$

—

Subdivision construction

​

​

—

​

​

—

​

​

—

​

​

—

​

​

23,008

​

​

23,008

​

​

—

Land development

​

​

—

​

​

—

​

​

—

​

​

—

​

​

43,555

​

​

43,555

​

​

—

Commercial construction

​

​

—

​

​

—

​

​

—

​

​

—

​

​

326,602

​

​

326,602

​

​

—

Owner occupied one- to four-family residential

​

​

2,224

​

​

—

​

​

703

​

​

2,927

​

​

648,301

​

​

651,228

​

​

—

Non-owner occupied one- to four-family residential

​

​

—

​

​

—

​

​

—

​

​

—

​

​

131,499

​

​

131,499

​

​

—

Commercial real estate

​

​

188

​

​

—

​

​

2,725

​

​

2,913

​

​

1,580,211

​

​

1,583,124

​

​

—

Other residential (multi-family)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

1,369,294

​

​

1,369,294

​

​

—

Commercial business

​

​

—

​

​

—

​

​

—

​

​

—

​

​

180,182

​

​

180,182

​

​

—

Consumer auto

​

​

12

​

​

1

​

​

—

​

​

13

​

​

23,359

​

​

23,372

​

​

—

Consumer other

​

​

108

​

​

10

​

​

8

​

​

126

​

​

21,323

​

​

21,449

​

​

—

Home equity lines of credit

​

​

101

​

​

—

​

​

18

​

​

119

​

​

134,585

​

​

134,704

​

​

—

Total

​

$

2,667

​

$

11

​

$

3,454

​

$

6,132

​

$

4,520,866

​

$

4,526,998

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

December 31, 2025

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total Loans

​

​

​

​

​

​

Over 90

​

​

​

​

​

Total

​

> 90 Days Past

​

​

30-59 Days

​

60-89 Days

​

Days

​

Total Past

​

​

​

​

Loans

​

Due and

​

​

Past Due

  ​ ​ ​

Past Due

  ​ ​ ​

Past Due

  ​ ​ ​

Due

  ​ ​ ​

Current

  ​ ​ ​

Receivable

  ​ ​ ​

Still Accruing

​

​

(In Thousands)

One- to four-family residential construction

 

$

—

​

$

—

​

$

—

​

$

—

​

$

30,258

​

$

30,258

​

$

—

Subdivision construction

​

​

—

​

​

—

​

​

—

​

​

—

​

​

32,160

​

​

32,160

​

​

—

Land development

​

​

—

​

​

—

​

​

—

​

​

—

​

​

37,519

​

​

37,519

​

​

—

Commercial construction

​

​

—

​

​

—

​

​

—

​

​

—

​

​

249,224

​

​

249,224

​

​

—

Owner occupied one- to four-family residential

​

​

830

​

​

521

​

​

631

​

​

1,982

​

​

654,717

​

​

656,699

​

​

—

Non-owner occupied one- to four-family residential

​

​

—

​

​

—

​

​

1,435

​

​

1,435

​

​

123,863

​

​

125,298

​

​

—

Commercial real estate

​

​

70

​

​

—

​

​

—

​

​

70

​

​

1,556,078

​

​

1,556,148

​

​

—

Other residential (multi-family)

​

​

24,762

​

​

—

​

​

—

​

​

24,762

​

​

1,362,648

​

​

1,387,410

​

​

—

Commercial business

​

​

—

​

​

—

​

​

—

​

​

—

​

​

178,514

​

​

178,514

​

​

—

Consumer auto

​

​

27

​

​

12

​

​

—

​

​

39

​

​

24,130

​

​

24,169

​

​

—

Consumer other

​

​

128

​

​

30

​

​

10

​

​

168

​

​

22,081

​

​

22,249

​

​

—

Home equity lines of credit

​

​

74

​

​

—

​

​

18

​

​

92

​

​

127,938

​

​

128,030

​

​

—

Total

​

$

25,891

​

$

563

​

$

2,094

​

$

28,548

​

$

4,399,130

​

$

4,427,678

​

$

—
Schedule of nonaccruing loans

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 

  ​ ​ ​

December 31, 

​

​

2026

​

2025

​

​

(In Thousands)

One- to four-family residential construction

​

$

—

​

$

—

Subdivision construction

​

​

—

​

​

—

Land development

​

​

—

​

​

—

Commercial construction

​

​

—

​

​

—

Owner occupied one- to four-family residential

​

​

703

​

​

631

Non-owner occupied one- to four-family residential

​

​

—

​

​

1,435

Commercial real estate

​

​

—

​

​

—

Other residential (multi-family)

​

​

2,725

​

​

—

Commercial business

​

​

—

​

​

—

Consumer auto

​

​

—

​

​

—

Consumer other

​

​

9

​

​

10

Home equity lines of credit

​

​

17

​

​

18

Total nonaccruing loans

​

$

3,454

​

$

2,094
Schedule of activity in the allowance for credit losses and unfunded commitments by portfolio segment

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

One- to Four-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

 

​

​

​

Family

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

 

​

​

​

Residential and

​

Other

​

Commercial

​

Commercial

​

Commercial

​

​

​

​

 

​

​

  ​ ​ ​

Construction

  ​ ​ ​

Residential

  ​ ​ ​

Real Estate

  ​ ​ ​

Construction

  ​ ​ ​

Business

  ​ ​ ​

Consumer

  ​ ​ ​

Total

​

​

(In Thousands)

Allowance for credit losses

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance, January 1, 2025

​

$

9,224

​

$

15,594

​

$

28,802

​

$

2,735

​

$

4,656

​

$

3,749

​

$

64,760

Provision (credit) charged to expense

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Losses charged off

​

​

(36)

​

​

—

​

​

(8)

​

​

—

​

​

(147)

​

​

(234)

​

​

(425)

Recoveries

​

​

4

​

​

—

​

​

—

​

​

194

​

​

13

​

​

158

​

​

369

Balance, March 31, 2025

​

$

9,192

​

$

15,594

​

$

28,794

​

$

2,929

​

$

4,522

​

$

3,673

​

$

64,704

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Allowance for credit losses

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance, January 1, 2026

​

$

7,483

​

$

18,476

​

$

29,223

​

$

2,396

​

$

3,911

​

$

3,282

​

$

64,771

Provision (credit) charged to expense

​

​

167

​

​

345

​

​

(454)

​

​

(69)

​

​

(8)

​

​

19

​

​

—

Losses charged off

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

(309)

​

​

(309)

Recoveries

​

​

3

​

​

—

​

​

16

​

​

—

​

​

117

​

​

186

​

​

322

Balance, March 31, 2026

​

$

7,653

​

$

18,821

​

$

28,785

​

$

2,327

​

$

4,020

​

$

3,178

​

$

64,784

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

One- to Four-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Family

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Residential and

​

Other

​

Commercial

​

Commercial

​

Commercial

​

​

​

​

​

  ​ ​ ​

Construction

  ​ ​ ​

Residential

  ​ ​ ​

Real Estate

  ​ ​ ​

Construction

  ​ ​ ​

Business

  ​ ​ ​

Consumer

  ​ ​ ​

Total

​

  ​ ​ ​

(In Thousands)

Allowance for unfunded commitments

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance, January 1, 2025

​

$

619

​

$

4,833

​

$

653

​

$

496

​

$

1,468

​

$

434

​

$

8,503

Provision (credit) charged to expense

​

​

39

​

​

(239)

​

​

(33)

​

​

(78)

​

​

(40)

​

​

3

​

​

(348)

Balance, March 31, 2025

​

$

658

​

$

4,594

​

$

620

​

$

418

​

$

1,428

​

$

437

​

$

8,155

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Allowance for unfunded commitments

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance, January 1, 2026

​

$

967

​

$

4,580

​

$

699

​

$

637

​

$

1,302

​

$

363

​

$

8,548

Provision (credit) charged to expense

​

 

(105)

​

​

(582)

​

​

(90)

​

​

63

​

​

(215)

​

​

(2)

​

​

(931)

Balance, March 31, 2026

​

$

862

​

$

3,998

​

$

609

​

$

700

​

$

1,087

​

$

361

​

$

7,617
Schedule of amortized cost basis of collateral-dependent loans by class of loans

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

March 31, 2026

  ​ ​ ​

December 31, 2025

​

​

Principal

  ​ ​ ​

Specific

​

Principal

​

Specific

​

  ​ ​ ​

Balance

  ​ ​ ​

Allowance

  ​ ​ ​

Balance

  ​ ​ ​

Allowance

​

​

(In Thousands)

One- to four-family residential construction

​

$

—

​

$

—

​

$

—

​

$

—

Subdivision construction

​

 

—

​

​

—

​

​

—

​

​

—

Land development

​

 

—

​

​

—

​

​

—

​

​

—

Commercial construction

​

 

—

​

​

—

​

​

—

​

​

—

Owner occupied one- to four- family residential

​

 

1,077

​

​

—

​

​

1,207

​

​

—

Non-owner occupied one- to four-family residential

​

 

—

​

​

—

​

​

1,435

​

​

—

Commercial real estate

​

 

—

​

​

—

​

​

—

​

​

—

Other residential (multi-family)

​

 

2,725

​

​

—

​

​

—

​

​

—

Commercial business

​

 

—

​

​

—

​

​

—

​

​

—

Consumer auto

​

 

—

​

​

—

​

​

—

​

​

—

Consumer other

​

 

—

​

​

—

​

​

—

​

​

—

Home equity lines of credit

​

 

120

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

Total

​

$

3,922

​

$

—

​

$

2,642

​

$

—
Schedule of loan modifications made to borrowers experiencing financial difficulty by the loan portfolio and type of concessions granted

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Amortized Cost Basis at December 31, 2025

​

​

Interest Rate

​

Term

​

​

​

Total

​

  ​ ​ ​

Reduction

  ​ ​ ​

Extension

  ​ ​ ​

Combination

  ​ ​ ​

Modifications

​

​

​

(In Thousands)

Construction and land development

 

$

—

​

$

—

​

$

—

​

$

—

One- to four-family residential

 

​

—

​

​

—

​

​

—

​

​

—

Other residential (multi-family)

 

​

—

​

​

—

​

​

—

​

​

—

Commercial real estate

 

​

—

​

​

—

​

​

—

​

​

—

Commercial business

 

​

—

​

​

—

​

​

—

​

​

—

Consumer

 

​

5

​

​

—

​

​

—

​

​

5

​

 

$

5

​

$

—

​

$

—

​

$

5
Schedule of performance of loans that are modified

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2025

​

​

​

​

​

30-89 Days

​

Over 90 Days

​

​

​

​

​

Current

​

Past Due

​

Past Due

​

Total

​

​

(In Thousands)

Construction and land development

  ​ ​ ​

$

—

  ​ ​ ​

$

—

  ​ ​ ​

$

—

  ​ ​ ​

$

—

One- to four-family residential

​

 

—

​

 

—

​

 

—

​

 

—

Other residential (multi-family)

​

 

—

​

 

—

​

 

—

​

 

—

Commercial real estate

​

 

—

​

 

—

​

 

—

​

 

—

Commercial business

​

 

—

​

 

—

​

 

—

​

 

—

Consumer

​

 

5

​

 

—

​

 

—

​

 

5

​

​

$

5

​

$

—

​

$

—

​

$

5
Schedule of loans by category and risk rating separated by origination and loan class

The following tables present a summary of loans by category and risk rating separated by origination year and loan class as of March 31, 2026 and December 31, 2025.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Term Loans by Origination Year

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Revolving

​

​

March 31, 2026

  ​ ​ ​

2026 YTD

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

Prior

  ​ ​ ​

 Loans

  ​ ​ ​

Total

​

​

(In Thousands)

One- to four-family residential construction

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

$

853

​

$

24,013

​

$

3,122

​

$

2,996

​

$

1,341

​

$

—

​

$

6,656

​

$

38,981

Watch (5)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Special Mention (6)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

 

853

​

​

24,013

​

​

3,122

​

​

2,996

​

​

1,341

​

​

—

​

​

6,656

​

​

38,981

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Subdivision construction

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

 

98

​

​

836

​

​

2,242

​

​

274

​

​

255

​

​

16,425

​

​

2,878

​

​

23,008

Watch (5)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Special Mention (6)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

 

98

​

​

836

​

​

2,242

​

​

274

​

​

255

​

​

16,425

​

​

2,878

​

​

23,008

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Construction and land development

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

 

1,511

​

​

13,018

​

​

8,976

​

​

6,497

​

​

3,590

​

​

7,103

​

​

2,860

​

​

43,555

Watch (5)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Special Mention (6)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

 

1,511

​

​

13,018

​

​

8,976

​

​

6,497

​

​

3,590

​

​

7,103

​

​

2,860

​

​

43,555

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other construction

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

 

42,527

​

​

49,167

​

​

191,013

​

​

1,361

​

​

41,612

​

​

922

​

​

—

​

​

326,602

Watch (5)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Special Mention (6)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

 

42,527

​

​

49,167

​

​

191,013

​

​

1,361

​

​

41,612

​

​

922

​

​

—

​

​

326,602

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

One- to four-family residential

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

 

33,554

​

​

62,379

​

​

34,841

​

​

44,163

​

​

263,195

​

​

340,919

​

​

1,319

​

​

780,370

Watch (5)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

711

​

​

—

​

​

711

Special Mention (6)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

 

—

​

​

—

​

​

—

​

​

103

​

​

510

​

​

1,033

​

​

—

​

​

1,646

Total

​

 

33,554

​

​

62,379

​

​

34,841

​

​

44,266

​

​

263,705

​

​

342,663

​

​

1,319

​

​

782,727

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other residential (multi-family)

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

 

12,703

​

​

99,612

​

​

175,264

​

​

109,904

​

​

533,246

​

​

398,637

​

​

3,052

​

​

1,332,418

Watch (5)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

2,651

​

​

—

​

​

2,651

Special Mention (6)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

31,500

​

​

—

​

​

31,500

Classified (7-9)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

2,725

​

​

—

​

​

—

​

​

2,725

Total

​

 

12,703

​

​

99,612

​

​

175,264

​

​

109,904

​

​

535,971

​

​

432,788

​

​

3,052

​

​

1,369,294

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial real estate

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

 

50,381

​

​

118,170

​

​

162,543

​

​

99,824

​

​

292,834

​

​

800,152

​

​

36,866

​

​

1,560,770

Watch (5)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

10,145

​

​

2,941

​

​

—

​

​

13,086

Special Mention (6)

​

 

232

​

​

—

​

​

—

​

​

—

​

​

—

​

​

9,036

​

​

—

​

​

9,268

Classified (7-9)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

 

50,613

​

​

118,170

​

​

162,543

​

​

99,824

​

​

302,979

​

​

812,129

​

​

36,866

​

​

1,583,124

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial business

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

 

5,417

​

​

38,189

​

​

15,465

​

​

8,699

​

​

9,145

​

​

49,949

​

​

50,143

​

​

177,007

Watch (5)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

764

​

​

2,397

​

​

—

​

​

3,161

Special Mention (6)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

 

—

​

​

—

​

​

—

​

​

14

​

​

—

​

​

—

​

​

—

​

​

14

Total

​

 

5,417

​

​

38,189

​

​

15,465

​

​

8,713

​

​

9,909

​

​

52,346

​

​

50,143

​

​

180,182

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Consumer

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

 

4,509

​

​

13,661

​

​

8,647

​

​

3,810

​

​

1,978

​

​

7,627

​

​

137,751

​

​

177,983

Watch (5)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

184

​

​

68

​

​

252

Special Mention (6)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

983

​

​

983

Classified (7-9)

​

 

—

​

​

—

​

​

10

​

​

16

​

​

—

​

​

48

​

​

233

​

​

307

Total

​

 

4,509

​

​

13,661

​

​

8,657

​

​

3,826

​

​

1,978

​

​

7,859

​

​

139,035

​

​

179,525

Current Period Gross Charge Offs

​

​

—

​

​

11

​

​

12

​

​

8

​

​

7

​

​

239

​

​

32

​

​

309

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Combined

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

 

151,553

​

​

419,045

​

​

602,113

​

​

277,528

​

​

1,147,196

​

​

1,621,734

​

​

241,525

​

​

4,460,694

Watch (5)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

10,909

​

​

8,884

​

​

68

​

​

19,861

Special Mention (6)

​

 

232

​

​

—

​

​

—

​

​

—

​

​

—

​

​

40,536

​

​

983

​

​

41,751

Classified (7-9)

​

 

—

​

​

—

​

​

10

​

​

133

​

​

3,235

​

​

1,081

​

​

233

​

​

4,692

Total

​

$

151,785

​

$

419,045

​

$

602,123

​

$

277,661

​

$

1,161,340

​

$

1,672,235

​

$

242,809

​

$

4,526,998

Current Period Gross Charge Offs

​

$

—

​

$

11

​

$

12

​

$

8

​

$

7

​

$

239

​

$

32

​

$

309

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Term Loans by Origination Year

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Revolving

​

​

December 31, 2025

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

2021

  ​ ​ ​

Prior

  ​ ​ ​

Loans

  ​ ​ ​

Total

​

​

(In Thousands)

One- to four-family residential construction

​

​

 

​

​

 

​

​

 

​

​

 

​

​

 

​

​

 

​

​

​

​

​

 

Satisfactory (1-4)

​

$

18,452

​

$

4,606

​

$

2,611

​

$

1,242

​

$

—

​

$

—

​

$

3,347

​

$

30,258

Watch (5)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Special Mention (6)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

​

18,452

​

​

4,606

​

​

2,611

​

​

1,242

​

​

—

​

​

—

​

​

3,347

​

​

30,258

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Subdivision construction

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

​

924

​

​

2,745

​

​

278

​

​

260

​

​

16,146

​

​

428

​

​

11,379

​

​

32,160

Watch (5)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Special Mention (6)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

​

924

​

​

2,745

​

​

278

​

​

260

​

​

16,146

​

​

428

​

​

11,379

​

​

32,160

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Construction and land development

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

​

11,147

​

​

9,046

​

​

6,573

​

​

1,097

​

​

368

​

​

6,413

​

​

2,875

​

​

37,519

Watch (5)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Special Mention (6)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

​

11,147

​

​

9,046

​

​

6,573

​

​

1,097

​

​

368

​

​

6,413

​

​

2,875

​

​

37,519

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other construction

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

​

35,846

​

​

166,912

​

​

7,448

​

​

38,049

​

​

969

​

​

—

​

​

—

​

​

249,224

Watch (5)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Special Mention (6)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

 

35,846

​

​

166,912

​

​

7,448

​

​

38,049

​

​

969

​

​

—

​

​

—

​

​

249,224

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

One- to four-family residential

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

​

65,388

​

​

39,406

​

​

49,967

​

​

267,992

​

​

153,547

​

​

200,389

​

​

1,340

​

​

778,029

Watch (5)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

724

​

​

—

​

​

724

Special Mention (6)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

​

—

​

​

28

​

​

71

​

​

507

​

​

268

​

​

1,756

​

​

614

​

​

3,244

Total

​

​

65,388

​

​

39,434

​

​

50,038

​

​

268,499

​

​

153,815

​

​

202,869

​

​

1,954

​

​

781,997

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

21

​

​

16

​

​

9

​

​

—

​

​

46

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other residential (multi-family)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

​

99,386

​

​

153,763

​

​

113,657

​

​

541,044

​

​

266,906

​

​

182,230

​

​

2,999

​

​

1,359,985

Watch (5)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

2,663

​

​

—

​

​

2,663

Special Mention (6)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

24,762

​

​

—

​

​

—

​

​

24,762

Classified (7-9)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

 

99,386

​

​

153,763

​

​

113,657

​

​

541,044

​

​

291,668

​

​

184,893

​

​

2,999

​

​

1,387,410

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial real estate

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

​

122,684

​

​

142,179

​

​

93,260

​

​

305,833

​

​

194,448

​

​

640,276

​

​

34,936

​

​

1,533,616

Watch (5)

​

​

—

​

​

—

​

​

—

​

​

10,548

​

​

—

​

​

2,964

​

​

—

​

​

13,512

Special Mention (6)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

9,020

​

​

—

​

​

9,020

Classified (7-9)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

​

122,684

​

​

142,179

​

​

93,260

​

​

316,381

​

​

194,448

​

​

652,260

​

​

34,936

​

​

1,556,148

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

8

​

​

—

​

​

—

​

​

8

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial business

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

​

31,698

​

​

22,010

​

​

9,959

​

​

13,490

​

​

15,629

​

​

38,256

​

​

44,170

​

​

175,212

Watch (5)

​

​

—

​

​

—

​

​

—

​

​

805

​

​

2,473

​

​

24

​

​

—

​

​

3,302

Special Mention (6)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Classified (7-9)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Total

​

​

31,698

​

​

22,010

​

​

9,959

​

​

14,295

​

​

18,102

​

​

38,280

​

​

44,170

​

​

178,514

Current Period Gross Charge Offs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

135

​

​

44

​

​

179

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Consumer

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

​

15,703

​

​

9,937

​

​

4,651

​

​

2,530

​

​

1,015

​

​

7,509

​

​

131,623

​

​

172,968

Watch (5)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

188

​

​

70

​

​

258

Special Mention (6)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

983

​

​

983

Classified (7-9)

​

​

—

​

​

10

​

​

15

​

​

2

​

​

11

​

​

43

​

​

158

​

​

239

Total

​

​

15,703

​

​

9,947

​

​

4,666

​

​

2,532

​

​

1,026

​

​

7,740

​

​

132,834

​

​

174,448

Current Period Gross Charge Offs

​

​

58

​

​

63

​

​

33

​

​

23

​

​

2

​

​

888

​

​

6

​

​

1,073

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Combined

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Satisfactory (1-4)

​

​

401,228

​

​

550,604

​

​

288,404

​

​

1,171,537

​

​

649,028

​

​

1,075,501

​

​

232,669

​

​

4,368,971

Watch (5)

​

 

—

​

​

—

​

​

—

​

​

11,353

​

​

2,473

​

​

6,563

​

​

70

​

​

20,459

Special Mention (6)

​

 

—

​

​

—

​

​

—

​

​

—

​

​

24,762

​

​

9,020

​

​

983

​

​

34,765

Classified (7-9)

​

 

—

​

​

38

​

​

86

​

​

509

​

​

279

​

​

1,799

​

​

772

​

​

3,483

Total

​

$

401,228

​

$

550,642

​

$

288,490

​

$

1,183,399

​

$

676,542

​

$

1,092,883

​

$

234,494

​

$

4,427,678

Current Period Gross Charge Offs

​

$

58

​

$

63

​

$

33

​

$

44

​

$

26

​

$

1,032

​

$

50

​

$

1,306

​
v3.26.1
OTHER REAL ESTATE OWNED AND REPOSSESSIONS (Tables)
 3 Months Ended
Mar. 31, 2026
OTHER REAL ESTATE OWNED AND REPOSSESSIONS  
Schedule of major classifications of other real estate owned

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 

  ​ ​ ​

December 31, 

​

​

2026

​

2025

​

​

(In Thousands)

Foreclosed assets held for sale and repossessions

 

​

  ​

 

​

  ​

One- to four-family construction

​

$

—

​

$

—

Subdivision construction

​

 

—

​

 

—

Land development

​

 

—

​

 

—

Commercial construction

​

 

—

​

 

—

One- to four-family residential

​

 

643

​

 

—

Other residential (multi-family)

​

 

—

​

 

—

Commercial real estate

​

 

5,960

​

 

6,025

Commercial business

​

 

—

​

 

—

Consumer

​

 

12

​

 

11

Foreclosed assets held for sale and repossessions

​

 

6,615

​

 

6,036

​

​

​

​

​

​

​

Other real estate owned not acquired through foreclosure

​

 

—

​

 

—

​

​

​

​

​

​

​

Other real estate owned and repossessions

​

$

6,615

​

$

6,036
Schedule of expenses (income) applicable to other real estate owned and repossessions

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

​

March 31, 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

​

​

(In Thousands)

Net loss on sales of other real estate owned and repossessions

​

$

1

​

$

5

Valuation write-downs

​

 

4

​

​

—

Operating expenses (income), net of rental income

​

 

49

​

​

(75)

​

​

$

54

​

$

(70)

​
v3.26.1
PREMISES AND EQUIPMENT (Tables)
 3 Months Ended
Mar. 31, 2026
PREMISES AND EQUIPMENT  
Schedule of major classifications of premises and equipment, stated at cost

​

​

​

​

​

​

​

​

​

​

March 31, 

​

December 31, 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

​

​

(In Thousands)

Land

​

$

40,239

​

$

40,250

Buildings and improvements

​

 

110,796

​

 

110,536

Furniture, fixtures and equipment

​

 

71,881

​

 

72,121

Operating leases right of use asset

​

 

3,878

​

 

4,161

​

​

 

226,794

​

 

227,068

Less: accumulated depreciation

​

 

94,681

​

 

93,811

 

​

$

132,113

​

$

133,257
Schedule of information about operating lease

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 2026

  ​ ​ ​

December 31, 2025

​

​

(In Thousands)

Statement of Financial Condition

​

​

​

​

​

​

Operating leases right of use asset

​

$

3,878

​

$

4,161

Operating leases liability

​

$

3,961

​

$

4,236

​

​

​

​

​

​

​

​

  ​ ​ ​

For the Three Months Ended

​

​

March 31, 2026

  ​ ​ ​

March 31, 2025

​

​

(In Thousands)

Statement of Income

​

​

​

​

​

​

Operating lease costs classified as occupancy and equipment expense (includes short-term lease costs and amortization of right of use asset)

​

$

429

​

$

419

​

​

​

​

​

​

​

Supplemental Cash Flow Information

​

​

​

​

​

​

Cash paid for amounts included in the measurement of lease liabilities:

​

​

​

​

​

​

Operating cash flows from operating leases

​

$

422

​

$

416

Right of use assets obtained in exchange for lease obligations:

​

​

​

​

​

​

Operating leases

​

$

—

​

$

—

​
Schedule of future expected lease payments for leases with terms exceeding one year

At March 31, 2026, future expected lease payments for leases with terms exceeding one year were as follows (in thousands):

​

​

​

​

​

2026

  ​ ​ ​

$

963

2027

​

 

1,124

2028

​

 

881

2029

​

 

411

2030

​

 

257

2031

​

​

264

Thereafter

​

 

504

​

​

​

​

Future lease payments expected

​

 

4,404

​

​

​

​

Less: interest portion of lease payments

​

 

(443)

​

​

​

​

Lease liability

​

$

3,961

​
v3.26.1
DEPOSITS (Tables)
 3 Months Ended
Mar. 31, 2026
DEPOSITS  
Schedule of deposits

​

​

​

​

​

​

​

​

​

​

​

​

Weighted Average

​

March 31, 

​

December 31, 

​

  ​ ​ ​

Interest Rate

  ​ ​ ​

2026

  ​ ​ ​

2025

​

​

​

​

(In Thousands, Except Interest Rates)

​

​

​

​

​

​

​

​

​

Non-interest-bearing accounts

​

—

​

$

857,357

​

$

841,515

Interest-bearing checking and savings accounts

​

1.20% and 1.20%

​

​

2,264,414

​

​

2,289,393

​

​

​

​

 

3,121,771

​

​

3,130,908

​

​

​

​

 

​

​

​

​

Certificate accounts

​

0.00% - 0.99%

​

 

28,567

​

​

31,380

​

​

1.00% - 1.99%

​

​

87,154

​

​

94,864

​

​

2.00% - 2.99%

​

​

32,283

​

​

22,720

​

​

3.00% - 3.99%

​

 

522,622

​

​

537,043

​

​

4.00% - 4.99%

​

 

795

​

​

2,432

​

​

5.00% and above

​

​

—

​

​

—

​

​

2.97% and 3.13%

​

​

671,421

​

​

688,439

​

​

​

​

​

​

​

​

​

Brokered deposits

​

3.80% and 3.80%

​

​

651,969

​

​

663,427

​

​

​

​

​

651,969

​

​

663,427

​

​

​

​

 

​

​

​

​

​

​

​

​

$

4,445,161

​

$

4,482,774
v3.26.1
SHORT-TERM BORROWINGS (Tables)
 3 Months Ended
Mar. 31, 2026
SHORT-TERM BORROWINGS  
Schedule of short-term debt

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 

  ​ ​ ​

December 31, 

​

​

2026

​

2025

​

​

(In Thousands)

​

​

​

​

​

​

​

Notes payable – Community Development Equity Funds

  ​ ​ ​

$

660

  ​ ​ ​

$

928

Securities sold under reverse repurchase agreements

​

 

37,198

​

 

48,467

Overnight borrowings from the Federal Home Loan Bank

​

​

470,000

​

​

330,000

​

​

$

507,858

​

$

379,395
Schedule of securities sold under reverse repurchase agreements, by collateral type and remaining contractual maturity

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 

  ​ ​ ​

December 31, 

​

​

2026

​

2025

​

​

(In Thousands)

Mortgage-backed securities – GNMA, FNMA, FHLMC

​

$

37,198

​

$

48,467

​
v3.26.1
INCOME TAXES (Tables)
 3 Months Ended
Mar. 31, 2026
INCOME TAXES  
Schedule of provision for income taxes

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Three Months Ended

  ​ ​ ​

Three Months Ended

​

​

March 31, 2026

​

March 31, 2025

​

​

(In Thousands)

Current federal income tax expense

​

$

4,404

​

$

3,731

Current state income tax expense

​

 

574

​

 

720

Deferred income tax expense

​

 

(958)

​

 

(161)

​

​

​

​

​

​

​

Income tax expense

​

$

4,020

​

$

4,290
Schedule of reconciliations of the company's effective tax rates to the statutory corporate tax rates

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Three Months Ended

 

​

​

March 31, 2026

​

March 31, 2025

 

​

  ​ ​ ​

(Dollars In Thousands)

  ​ ​ ​

(Dollars In Thousands)

​

Tax at statutory rate

 

$

4,514

​

21.0

%

$

4,505

​

21.0

%

Nontaxable interest and dividends

 

​

(52)

​

(0.2)

​

​

(96)

​

(0.4)

​

U.S. federal tax credits, net (primarily low-income housing)

 

​

(989)

​

(4.6)

​

​

(859)

​

(4.0)

​

State income/franchise taxes, net of federal benefit

 

​

486

​

2.3

​

​

625

​

2.9

​

Other

 

​

61

​

0.2

​

​

115

​

0.5

​

​

 

$

4,020

​

18.7

%

$

4,290

​

20.0

%

​
v3.26.1
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 3 Months Ended
Mar. 31, 2026
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS  
Schedule of fair value measurements of assets recognized in the accompanying statements of financial condition measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair value measurements using

​

​

​

​

​

Quoted prices

​

​

​

​

​

​

​

​

​

​

​

in active

​

​

​

​

​

​

​

​

​

​

​

markets

​

Other

​

Significant

​

​

​

​

​

for identical

​

observable

​

unobservable

​

​

​

​

​

assets

​

inputs

​

inputs

​

  ​ ​ ​

Fair value

  ​ ​ ​

(Level 1)

  ​ ​ ​

(Level 2)

  ​ ​ ​

(Level 3)

​

​

(In Thousands)

March 31, 2026

​

​

  ​

​

​

  ​

​

​

  ​

​

​

  ​

Available-for-sale securities

​

​

​

​

​

​

​

​

​

​

​

​

Agency mortgage-backed securities

​

$

294,757

​

$

—

​

$

294,757

​

$

—

Agency collateralized mortgage obligations

​

 

113,859

​

​

—

​

​

113,859

​

​

—

States and political subdivisions securities

​

 

50,814

​

​

—

​

​

50,814

​

​

—

Small Business Administration securities

​

 

54,416

​

​

—

​

​

54,416

​

​

—

Interest rate derivative asset

​

 

5,461

​

​

—

​

​

5,461

​

​

—

Interest rate derivative liability

​

 

(12,880)

​

​

—

​

​

(12,880)

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2025

​

 

​

​

​

​

​

​

​

​

​

​

Available-for-sale securities

​

​

​

​

​

​

​

​

​

​

​

​

Agency mortgage-backed securities

​

$

301,249

​

$

—

​

$

301,249

​

$

—

Agency collateralized mortgage obligations

​

 

115,333

​

​

—

​

​

115,333

​

​

—

States and political subdivisions securities

​

 

51,398

​

​

—

​

​

51,398

​

​

—

Small Business Administration securities

​

 

55,851

​

​

—

​

​

55,851

​

​

—

Interest rate derivative asset

​

 

5,663

​

​

—

​

​

5,663

​

​

—

Interest rate derivative liability

​

 

(11,236)

​

​

—

​

​

(11,236)

​

​

—
Schedule of fair value measurements of assets measured at fair value on a nonrecurring basis

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurements Using

​

​

​

​

​

Quoted prices

​

​

​

​

​

​

​

​

​

​

​

in active

​

​

​

​

​

​

​

​

​

​

​

markets

​

Other

​

Significant

​

​

​

​

​

for identical

​

observable

​

unobservable

​

​

​

​

​

assets

​

inputs

​

inputs

​

  ​ ​ ​

Fair value

  ​ ​ ​

(Level 1)

  ​ ​ ​

(Level 2)

  ​ ​ ​

(Level 3)

​

​

(In Thousands)

March 31, 2026

​

​

  ​

​

​

  ​

​

​

  ​

​

​

  ​

Collateral-dependent loans

​

$

—

​

$

—

​

$

—

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

Foreclosed assets held for sale

​

$

—

​

$

—

​

$

—

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2025

​

 

​

​

 

  ​

​

 

  ​

​

 

  ​

Collateral-dependent loans

​

$

—

​

$

—

​

$

—

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

Foreclosed assets held for sale

​

$

65

​

$

—

​

$

—

​

$

65
Schedule of estimated fair values of the Company's financial instruments not recorded at fair value on the statements of financial condition

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

March 31, 2026

  ​ ​ ​

December 31, 2025

​

​

Carrying

​

Fair

​

Hierarchy

​

Carrying

​

Fair

​

Hierarchy

​

  ​ ​ ​

Amount

  ​ ​ ​

Value

  ​ ​ ​

Level

  ​ ​ ​

Amount

  ​ ​ ​

Value

  ​ ​ ​

Level

​

​

(In Thousands)

Financial assets

​

​

  ​

 

​

  ​

​

  ​

​

​

  ​

​

​

  ​

​

  ​

Cash and cash equivalents

​

$

187,404

​

$

187,404

 

1

​

$

189,554

​

$

189,554

 

1

Held-to-maturity securities

​

​

177,594

​

​

160,520

​

2

​

​

179,200

​

​

162,629

​

2

Mortgage loans held for sale

​

 

6,823

​

​

6,823

 

2

​

 

6,838

​

 

6,838

 

2

Loans, net of allowance for credit losses

​

 

4,456,639

​

​

4,374,501

 

3

​

 

4,356,853

​

 

4,261,757

 

3

Interest receivable

​

 

19,716

​

​

19,716

 

3

​

 

18,068

​

 

18,068

 

3

Investment in FHLBank stock and other assets

​

 

27,720

​

​

27,720

 

3

​

 

20,079

​

 

20,079

 

3

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Financial liabilities

​

 

​

​

​

​

 

​

​

 

​

​

 

​

 

​

Deposits

​

 

4,445,161

​

​

4,442,627

 

3

​

 

4,482,774

​

 

4,480,770

 

3

Short-term borrowings

​

 

507,858

​

​

507,858

 

3

​

 

379,395

​

 

379,395

 

3

Subordinated debentures

​

 

25,774

​

​

25,774

 

3

​

 

25,774

​

 

25,774

 

3

Interest payable

​

 

3,250

​

​

3,250

 

3

​

 

3,612

​

 

3,612

 

3

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Unrecognized financial instruments (net of contractual value)

​

 

​

​

​

​

 

​

​

 

​

​

 

​

 

​

Commitments to originate loans

​

 

—

​

​

—

 

3

​

 

—

​

 

—

 

3

Letters of credit

​

 

68

​

​

68

 

3

​

 

53

​

 

53

 

3

Lines of credit

​

 

—

​

​

—

 

3

​

 

—

​

 

—

 

3

​
v3.26.1
DERIVATIVES AND HEDGING ACTIVITIES (Tables)
 3 Months Ended
Mar. 31, 2026
DERIVATIVES AND HEDGING ACTIVITIES  
Schedule of fair value of derivative Instruments and location in statements of financials

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Location in

  ​ ​ ​

Fair Value

​

​

Consolidated Statements

​

March 31, 

  ​ ​ ​

December 31, 

​

​

of Financial Condition

​

2026

​

2025

​

​

​

​

(In Thousands)

Derivatives designated as hedging instruments

​

​

​

​

​

​

​

​

Active interest rate swaps

​

Accrued expenses and other liabilities

​

$

7,434

​

$

5,590

​

​

​

​

​

​

​

​

​

Total derivatives designated as hedging instruments

​

​

​

$

7,434

​

$

5,590

​

​

​

​

​

​

​

​

​

Derivatives not designated as hedging instruments

​

​

​

​

​

​

​

​

Asset Derivatives

 

​

​

​

​

​

​

​

Interest rate products

 

Prepaid expenses and other assets

​

$

5,461

​

$

5,663

​

​

​

​

​

​

​

​

​

Total derivatives not designated as hedging instruments

​

​

​

$

5,461

​

$

5,663

​

​

​

​

​

​

​

​

​

Liability Derivatives

​

​

​

 

​

​

​

​

Interest rate products

​

Accrued expenses and other liabilities

​

$

5,446

​

$

5,646

​

​

​

​

​

​

​

​

​

Total derivatives not designated as hedging instruments

​

​

​

$

5,446

​

$

5,646
Schedule of effect of cash flow hedge accounting through accumulated other comprehensive income on statements of comprehensive income

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Amount of Gain (Loss)

​

​

Recognized in AOCI

​

​

Three Months Ended March 31, 

Cash Flow Hedges

 

2026

  ​ ​ ​

2025

​

 

(In Thousands)

Terminated interest rate swap, net of income taxes

​

$

—

​

$

(1,546)

Active interest rate swaps, net of income taxes

​

​

(1,390)

​

​

4,181

​

​

$

(1,390)

​

$

2,635

​
Schedule of effect of cash flow hedge accounting on statements of operations

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended March 31, 

Cash Flow Hedges

 

2026

 

2025

​

 

Interest

 

Interest

 

Interest

 

Interest

​

  ​ ​ ​

Income

  ​ ​ ​

Expense

  ​ ​ ​

Income

  ​ ​ ​

Expense

​

 

(In Thousands)

Total Interest Income

​

$

71,165

​

$

—

​

$

80,243

​

$

—

Total Interest Expense

​

​

—

​

​

22,837

​

​

—

​

​

30,909

​

​

$

71,165

​

$

22,837

​

$

80,243

​

$

30,909

​

​

​

​

​

​

​

​

​

​

​

​

​

Terminated interest rate swap

​

$

—

​

$

—

​

$

2,003

​

$

—

Active interest rate swaps

​

​

(1,031)

​

​

—

​

​

(1,742)

​

​

—

​

​

$

(1,031)

​

$

—

​

$

261

​

$

—

​
v3.26.1
OPERATING SEGMENTS (Tables)
 3 Months Ended
Mar. 31, 2026
OPERATING SEGMENTS  
Schedule of financial results by operating segment

​

​

​

​

​

​

​

​

​

​

Three Months Ended March 31, 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

​

​

(In Thousands)

Interest income

​

$

71,165

​

$

80,243

Interest expense

​

 

22,837

​

 

30,909

Net interest income

​

 

48,328

​

 

49,334

​

​

​

​

​

​

​

Credit loss expense

​

 

(931)

​

 

(348)

Net interest income after credit loss expense

​

 

49,259

​

 

49,682

​

​

​

​

​

​

​

Non-interest Income

​

 

  ​

​

 

​

Commissions

​

 

615

​

 

262

Overdraft and insufficient funds fees

​

 

1,231

​

 

1,215

Point-of-sale and ATM fee income and service charges

​

 

3,101

​

 

3,234

Net gain on loan sales

​

 

719

​

 

601

Late charges and fees on loans

​

 

136

​

 

243

Fees from debit card contracts

​

 

410

​

 

501

Other income

​

 

817

​

 

534

​

​

 

7,029

​

 

6,590

​

​

​

​

​

​

​

Non-interest Expense

​

 

  ​

​

 

​

Salaries and incentives

​

 

16,089

​

 

16,203

Employee benefits

​

 

3,982

​

 

3,926

Net occupancy expense

​

 

3,175

​

 

3,379

Technology, furniture and equipment expense

​

 

5,689

​

 

5,154

Postage

​

 

925

​

 

931

Insurance

​

 

1,072

​

 

1,165

Advertising

​

 

372

​

 

290

Office supplies and printing

​

 

222

​

 

266

Telephone

​

 

685

​

 

706

Legal, audit and other professional fees

​

 

690

​

 

1,038

Expense (income) on other real estate and repossessions

​

 

54

​

 

(70)

Intangible asset amortization

​

 

108

​

 

108

Travel meals and entertainment

​

 

377

​

 

348

Other operating expenses

​

 

1,352

​

 

1,378

​

​

 

34,792

​

 

34,822

​

​

​

​

​

​

​

Income Before Income Taxes

​

 

21,496

​

 

21,450

Provision for Income Taxes

​

 

4,020

​

 

4,290

Net Income

​

$

17,476

​

$

17,160

​
v3.26.1
EARNINGS PER SHARE - Earnings Per Share, Basic and Diluted (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
EARNINGS PER SHARE    
Average common shares outstanding (in shares) 10,988 11,640
Net income $ 17,476 $ 17,160
Earnings per common share - basic (in dollars per share) $ 1.59 $ 1.47
Average common shares outstanding (in shares) 10,988 11,640
Net effect of dilutive stock options - based on the treasury stock method using average market price (in shares) 61 52
Diluted common shares (in shares) 11,049 11,692
Net income $ 17,476 $ 17,160
Earnings per common share - diluted (in dollars per share) $ 1.58 $ 1.47
v3.26.1
EARNINGS PER SHARE (Details) - shares
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
EARNINGS PER SHARE    
Options to purchase shares of common stock outstanding not included in computation of diluted earnings per share because exercise price greater than average market price 581,322 854,813
v3.26.1
INVESTMENT SECURITIES - Available for sale securities (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
AVAILABLE-FOR-SALE SECURITIES:    
Amortized Cost $ 552,461 $ 560,430
Gross Unrealized Gains 1,227 1,841
Gross Unrealized Losses 39,842 38,440
Fair Value 513,846 523,831
Agency mortgage-backed securities    
AVAILABLE-FOR-SALE SECURITIES:    
Amortized Cost 320,297 325,618
Gross Unrealized Gains 380 805
Gross Unrealized Losses 25,920 25,174
Fair Value 294,757 301,249
Agency collateralized mortgage obligations    
AVAILABLE-FOR-SALE SECURITIES:    
Amortized Cost 119,018 120,465
Gross Unrealized Gains 771 933
Gross Unrealized Losses 5,930 6,065
Fair Value 113,859 115,333
States and political subdivisions securities    
AVAILABLE-FOR-SALE SECURITIES:    
Amortized Cost 53,224 53,347
Gross Unrealized Gains 76 89
Gross Unrealized Losses 2,486 2,038
Fair Value 50,814 51,398
Small Business Administration securities    
AVAILABLE-FOR-SALE SECURITIES:    
Amortized Cost 59,922 61,000
Gross Unrealized Gains   14
Gross Unrealized Losses 5,506 5,163
Fair Value $ 54,416 $ 55,851
v3.26.1
INVESTMENT SECURITIES - Held to maturity securities (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
HELD-TO-MATURITY SECURITIES:    
Amortized Cost $ 178,164 $ 179,717
Fair Value Adjustment (570) (517)
Amortized Carrying Value 177,594 179,200
Gross Unrealized Losses 17,074 16,571
Fair Value 160,520 162,629
Agency mortgage-backed securities    
HELD-TO-MATURITY SECURITIES:    
Amortized Cost 69,377 69,713
Fair Value Adjustment 1,179 1,313
Amortized Carrying Value 70,556 71,026
Gross Unrealized Losses 5,820 5,694
Fair Value 64,736 65,332
Agency collateralized mortgage obligations    
HELD-TO-MATURITY SECURITIES:    
Amortized Cost 102,711 103,918
Fair Value Adjustment (1,778) (1,857)
Amortized Carrying Value 100,933 102,061
Gross Unrealized Losses 10,739 10,424
Fair Value 90,194 91,637
States and political subdivisions securities    
HELD-TO-MATURITY SECURITIES:    
Amortized Cost 6,076 6,086
Fair Value Adjustment 29 27
Amortized Carrying Value 6,105 6,113
Gross Unrealized Losses 515 453
Fair Value $ 5,590 $ 5,660
v3.26.1
INVESTMENT SECURITIES - Investments classified by contractual maturity date (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Available-for-Sale - Amortized Cost    
After one through two years $ 1,029  
After five through fifteen years 26,290  
After fifteen years 25,905  
Securities not due on a single maturity date 499,237  
Available-for-sale securities, Amortized Cost, Total 552,461 $ 560,430
Available-for-Sale - Fair Value    
After one through two years 1,037  
After five through fifteen years 25,243  
After fifteen years 24,534  
Securities not due on a single maturity date 463,032  
Available-for-Sale, Fair Value, Total 513,846 523,831
Held-to-Maturity - Amortized Carrying Value    
After five through fifteen years 6,105  
Securities not due on a single maturity date 171,489  
Held-to-Maturity, Amortized Carrying Value, Total 177,594 179,200
Held-to-Maturity - Fair Value    
After five through fifteen years 5,590  
Securities not due on a single maturity date 154,930  
Held-to-maturity, Fair Value, Total $ 160,520 $ 162,629
v3.26.1
INVESTMENT SECURITIES - Fair value and unrealized losses on investments (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
AVAILABLE-FOR-SALE SECURITIES:    
Available-for-sale securities, Less than 12 Months, Fair Value $ 47,555 $ 4,409
Available-for-sale Securities, Less than 12 Months, Unrealized Loss (464) (109)
Available-for-sale securities, 12 Months or More, Fair Value 380,556 404,612
Available-for-sale Securities,12 Months or Longer, Unrealized Loss (39,378) (38,331)
Available-for-sale securities, Fair Value 428,111 409,021
Available-for-sale securities, Unrealized Loss (39,842) (38,440)
HELD-TO-MATURITY SECURITIES:    
Held-to-maturity securities, 12 Months or Longer, Fair Value 160,520 162,629
Held-to-maturity securities, 12 Months or Longer, Unrealized Losses (17,074) (16,571)
Held-to-maturity securities, Fair Value 160,520 162,629
Held-to-maturity securities, Unrealized Losses (17,074) (16,571)
Agency mortgage-backed securities.    
AVAILABLE-FOR-SALE SECURITIES:    
Available-for-sale securities, Less than 12 Months, Fair Value 20,762  
Available-for-sale Securities, Less than 12 Months, Unrealized Loss (21)  
Available-for-sale securities, 12 Months or More, Fair Value 236,437 241,503
Available-for-sale Securities,12 Months or Longer, Unrealized Loss (25,899) (25,174)
Available-for-sale securities, Fair Value 257,199 241,503
Available-for-sale securities, Unrealized Loss (25,920) (25,174)
HELD-TO-MATURITY SECURITIES:    
Held-to-maturity securities, 12 Months or Longer, Fair Value 64,736 65,332
Held-to-maturity securities, 12 Months or Longer, Unrealized Losses (5,820) (5,694)
Held-to-maturity securities, Fair Value 64,736 65,332
Held-to-maturity securities, Unrealized Losses (5,820) (5,694)
Agency collateralized mortgage obligations    
AVAILABLE-FOR-SALE SECURITIES:    
Available-for-sale securities, Less than 12 Months, Fair Value 9,098  
Available-for-sale Securities, Less than 12 Months, Unrealized Loss (95)  
Available-for-sale securities, 12 Months or More, Fair Value 60,041 70,774
Available-for-sale Securities,12 Months or Longer, Unrealized Loss (5,835) (6,065)
Available-for-sale securities, Fair Value 69,139 70,774
Available-for-sale securities, Unrealized Loss (5,930) (6,065)
HELD-TO-MATURITY SECURITIES:    
Held-to-maturity securities, 12 Months or Longer, Fair Value 90,194 91,637
Held-to-maturity securities, 12 Months or Longer, Unrealized Losses (10,739) (10,424)
Held-to-maturity securities, Fair Value 90,194 91,637
Held-to-maturity securities, Unrealized Losses (10,739) (10,424)
Small Business Administration securities    
AVAILABLE-FOR-SALE SECURITIES:    
Available-for-sale securities, Less than 12 Months, Fair Value 6,971  
Available-for-sale Securities, Less than 12 Months, Unrealized Loss (59)  
Available-for-sale securities, 12 Months or More, Fair Value 47,445 48,807
Available-for-sale Securities,12 Months or Longer, Unrealized Loss (5,447) (5,163)
Available-for-sale securities, Fair Value 54,416 48,807
Available-for-sale securities, Unrealized Loss (5,506) (5,163)
States and political subdivisions securities    
AVAILABLE-FOR-SALE SECURITIES:    
Available-for-sale securities, Less than 12 Months, Fair Value 10,724 4,409
Available-for-sale Securities, Less than 12 Months, Unrealized Loss (289) (109)
Available-for-sale securities, 12 Months or More, Fair Value 36,633 43,528
Available-for-sale Securities,12 Months or Longer, Unrealized Loss (2,197) (1,929)
Available-for-sale securities, Fair Value 47,357 47,937
Available-for-sale securities, Unrealized Loss (2,486) (2,038)
HELD-TO-MATURITY SECURITIES:    
Held-to-maturity securities, 12 Months or Longer, Fair Value 5,590 5,660
Held-to-maturity securities, 12 Months or Longer, Unrealized Losses (515) (453)
Held-to-maturity securities, Fair Value 5,590 5,660
Held-to-maturity securities, Unrealized Losses $ (515) $ (453)
v3.26.1
INVESTMENT SECURITIES - Additional Information (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
INVESTMENT SECURITIES      
Fair value of debt securities reported less than their historical cost $ 513,800   $ 523,800
Available-for-sale securities, Fair Value $ 428,111   $ 409,021
Available sale of debt securities reported less than their historical cost percent of investment portfolio 83.30%   78.10%
Amortized Carrying Value $ 177,594   $ 179,200
Total fair value of held-to-maturity 160,520   162,629
Available for sale securities sold 0 $ 0  
Allowance for credit losses on securities 0    
Available-for-sale securities $ 513,846   $ 523,831
v3.26.1
LOANS AND ALLOWANCE FOR CREDIT LOSSES - Classes of loans (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Loans and Allowance for Credit Losses        
Loans receivable $ 4,526,998 $ 4,427,678    
Allowance for credit losses (64,784) (64,771) $ (64,704) $ (64,760)
Deferred loan fees and gains, net (5,575) (6,054)    
Loans receivable, net $ 4,456,639 $ 4,356,853    
Weighted average interest rate 5.78% 5.76%    
One- to four-family residential construction        
Loans and Allowance for Credit Losses        
Loans receivable $ 38,981 $ 30,258    
Subdivision construction        
Loans and Allowance for Credit Losses        
Loans receivable 23,008 32,160    
Land development        
Loans and Allowance for Credit Losses        
Loans receivable 43,555 37,519    
Commercial construction        
Loans and Allowance for Credit Losses        
Loans receivable 326,602 249,224    
Owner occupied one- to four-family residential        
Loans and Allowance for Credit Losses        
Loans receivable 651,228 656,699    
Non-owner occupied one- to four-family residential        
Loans and Allowance for Credit Losses        
Loans receivable 131,499 125,298    
Commercial real estate        
Loans and Allowance for Credit Losses        
Loans receivable 1,583,124 1,556,148    
Other residential (multi-family)        
Loans and Allowance for Credit Losses        
Loans receivable 1,369,294 1,387,410    
Commercial business        
Loans and Allowance for Credit Losses        
Loans receivable 180,182 178,514    
Consumer auto        
Loans and Allowance for Credit Losses        
Loans receivable 23,372 24,169    
Consumer other        
Loans and Allowance for Credit Losses        
Loans receivable 21,449 22,249    
Home equity lines of credit        
Loans and Allowance for Credit Losses        
Loans receivable $ 134,704 $ 128,030    
v3.26.1
LOANS AND ALLOWANCE FOR CREDIT LOSSES - Classes of loans by aging (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable $ 4,526,998 $ 4,427,678
One- to four-family residential construction    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 38,981 30,258
Subdivision construction    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 23,008 32,160
Land development    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 43,555 37,519
Commercial construction    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 326,602 249,224
Owner occupied one- to four-family residential    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 651,228 656,699
Non-owner occupied one- to four-family residential    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 131,499 125,298
Commercial real estate    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 1,583,124 1,556,148
Other residential (multi-family)    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 1,369,294 1,387,410
Commercial business    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 180,182 178,514
Consumer auto    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 23,372 24,169
Consumer other    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 21,449 22,249
Home equity lines of credit    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 134,704 128,030
30-59 Days Past Due    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 2,667 25,891
30-59 Days Past Due | One- to four-family residential construction    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 34  
30-59 Days Past Due | Owner occupied one- to four-family residential    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 2,224 830
30-59 Days Past Due | Commercial real estate    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 188 70
30-59 Days Past Due | Other residential (multi-family)    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable   24,762
30-59 Days Past Due | Consumer auto    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 12 27
30-59 Days Past Due | Consumer other    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 108 128
30-59 Days Past Due | Home equity lines of credit    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 101 74
60-89 Days Past Due    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 11 563
60-89 Days Past Due | Owner occupied one- to four-family residential    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable   521
60-89 Days Past Due | Consumer auto    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 1 12
60-89 Days Past Due | Consumer other    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 10 30
Over 90 Days Past Due    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 3,454 2,094
Over 90 Days Past Due | Owner occupied one- to four-family residential    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 703 631
Over 90 Days Past Due | Non-owner occupied one- to four-family residential    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable   1,435
Over 90 Days Past Due | Commercial real estate    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 2,725  
Over 90 Days Past Due | Consumer other    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 8 10
Over 90 Days Past Due | Home equity lines of credit    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 18 18
Total Past Due    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 6,132 28,548
Total Past Due | One- to four-family residential construction    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 34  
Total Past Due | Owner occupied one- to four-family residential    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 2,927 1,982
Total Past Due | Non-owner occupied one- to four-family residential    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable   1,435
Total Past Due | Commercial real estate    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 2,913 70
Total Past Due | Other residential (multi-family)    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable   24,762
Total Past Due | Consumer auto    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 13 39
Total Past Due | Consumer other    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 126 168
Total Past Due | Home equity lines of credit    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 119 92
Current    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 4,520,866 4,399,130
Current | One- to four-family residential construction    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 38,947 30,258
Current | Subdivision construction    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 23,008 32,160
Current | Land development    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 43,555 37,519
Current | Commercial construction    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 326,602 249,224
Current | Owner occupied one- to four-family residential    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 648,301 654,717
Current | Non-owner occupied one- to four-family residential    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 131,499 123,863
Current | Commercial real estate    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 1,580,211 1,556,078
Current | Other residential (multi-family)    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 1,369,294 1,362,648
Current | Commercial business    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 180,182 178,514
Current | Consumer auto    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 23,359 24,130
Current | Consumer other    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable 21,323 22,081
Current | Home equity lines of credit    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loans Receivable $ 134,585 $ 127,938
v3.26.1
LOANS AND ALLOWANCE FOR CREDIT LOSSES - Non-accruing loans (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Total nonaccruing loans $ 3,454 $ 2,094
Owner occupied one- to four-family residential    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Total nonaccruing loans 703 631
Non-owner occupied one- to four-family residential    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Total nonaccruing loans   1,435
Other residential (multi-family)    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Total nonaccruing loans 2,725  
Consumer other    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Total nonaccruing loans 9 10
Home equity lines of credit    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Total nonaccruing loans $ 17 $ 18
v3.26.1
LOANS AND ALLOWANCE FOR CREDIT LOSSES - Allowance for credit losses (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Balance at beginning of period $ 64,771 $ 64,760
Provision (credit) for unfunded commitments (931) (348)
Losses charged off (309) (425)
Recoveries 322 369
Balance at end of period 64,784 64,704
Allowance for unfunded commitment    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Balance at beginning of period 8,548 8,503
Provision (credit) for unfunded commitments (931) (348)
Balance at end of period 7,617 8,155
One- To Four-Family Residential and Construction    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Balance at beginning of period 7,483 9,224
Provision (credit) charged to expense 167  
Losses charged off 0 (36)
Recoveries 3 4
Balance at end of period 7,653 9,192
One- To Four-Family Residential and Construction | Allowance for unfunded commitment    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Balance at beginning of period 967 619
Provision (credit) for unfunded commitments (105) 39
Balance at end of period 862 658
Other Residential    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Balance at beginning of period 18,476 15,594
Provision (credit) charged to expense 345  
Losses charged off 0  
Balance at end of period 18,821 15,594
Other Residential | Allowance for unfunded commitment    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Balance at beginning of period 4,580 4,833
Provision (credit) for unfunded commitments (582) (239)
Balance at end of period 3,998 4,594
Commercial Real Estate    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Balance at beginning of period 29,223 28,802
Provision (credit) charged to expense (454)  
Losses charged off 0 (8)
Recoveries 16  
Balance at end of period 28,785 28,794
Commercial Real Estate | Allowance for unfunded commitment    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Balance at beginning of period 699 653
Provision (credit) for unfunded commitments (90) (33)
Balance at end of period 609 620
Commercial Construction    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Balance at beginning of period 2,396 2,735
Provision (credit) charged to expense (69)  
Losses charged off 0  
Recoveries   194
Balance at end of period 2,327 2,929
Commercial Construction | Allowance for unfunded commitment    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Balance at beginning of period 637 496
Provision (credit) for unfunded commitments 63 (78)
Balance at end of period 700 418
Commercial Business    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Balance at beginning of period 3,911 4,656
Provision (credit) charged to expense (8)  
Losses charged off 0 (147)
Recoveries 117 13
Balance at end of period 4,020 4,522
Commercial Business | Allowance for unfunded commitment    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Balance at beginning of period 1,302 1,468
Provision (credit) for unfunded commitments (215) (40)
Balance at end of period 1,087 1,428
Consumer    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Balance at beginning of period 3,282 3,749
Provision (credit) charged to expense 19  
Losses charged off (309) (234)
Recoveries 186 158
Balance at end of period 3,178 3,673
Consumer | Allowance for unfunded commitment    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Balance at beginning of period 363 434
Provision (credit) for unfunded commitments (2) 3
Balance at end of period $ 361 $ 437
v3.26.1
LOANS AND ALLOWANCE FOR CREDIT LOSSES - Collateral dependent loans by class of loans (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Loans and Allowance for Credit Losses    
Principal Balance $ 3,922 $ 2,642
Owner occupied one- to four-family residential    
Loans and Allowance for Credit Losses    
Principal Balance 1,077 1,207
Non-owner occupied one- to four-family residential    
Loans and Allowance for Credit Losses    
Principal Balance   $ 1,435
Other residential (multi-family)    
Loans and Allowance for Credit Losses    
Principal Balance 2,725  
Home equity lines of credit    
Loans and Allowance for Credit Losses    
Principal Balance $ 120  
v3.26.1
LOANS AND ALLOWANCE FOR CREDIT LOSSES - Classes of loan portfolios (Details) - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loan modifications $ 0 $ 5,000
Interest Rate Reduction    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loan modifications   5,000
Consumer    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loan modifications $ 0 5,000
Consumer | Interest Rate Reduction    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loan modifications   $ 5,000
v3.26.1
LOANS AND ALLOWANCE FOR CREDIT LOSSES - Performance of loans (Details) - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loan modifications $ 0 $ 5,000
Consumer    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loan modifications $ 0 5,000
Current    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loan modifications   5,000
Current | Consumer    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Loan modifications   $ 5,000
v3.26.1
LOANS AND ALLOWANCE FOR CREDIT LOSSES - Additional Information (Details) - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
LOANS AND ALLOWANCE FOR CREDIT LOSSES      
Interest income $ 120,000 $ 0  
Non-accrual loans for no related allowance amortized cost 3,300,000   $ 2,000,000
Minimum loan balance required for collateral-dependent loans 100,000    
Provision expense on its portfolio of outstanding loans 0 0  
Loan modifications 0   5,000
Consumer      
LOANS AND ALLOWANCE FOR CREDIT LOSSES      
Loan modifications 0   $ 5,000
Consumer | Principal forgiveness      
LOANS AND ALLOWANCE FOR CREDIT LOSSES      
Loan paid during period 8,000 7,000  
Allowance for unfunded commitment      
LOANS AND ALLOWANCE FOR CREDIT LOSSES      
Provision for losses on unfunded commitments $ (931,000) $ (348,000)  
v3.26.1
LOANS AND ALLOWANCE FOR CREDIT LOSSES - Loans by category and risk rating separated by origination and loan class (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Total $ 4,526,998 $ 4,427,678
Commercial real estate    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Current Year 50,613 122,684
One Year Before 118,170 142,179
Two Years Before 162,543 93,260
Three Years Before 99,824 316,381
Four Years Before 302,979 194,448
Prior 812,129 652,260
Revolving Loans 36,866 34,936
Total 1,583,124 1,556,148
Current Period Gross Charge Offs    
Four Year Before   8
Total   8
Commercial real estate | Satisfactory    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Current Year 50,381 122,684
One Year Before 118,170 142,179
Two Years Before 162,543 93,260
Three Years Before 99,824 305,833
Four Years Before 292,834 194,448
Prior 800,152 640,276
Revolving Loans 36,866 34,936
Total 1,560,770 1,533,616
Commercial real estate | Watch    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Three Years Before   10,548
Four Years Before 10,145  
Prior 2,941 2,964
Total 13,086 13,512
Commercial real estate | Special Mention    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Current Year 232  
Prior 9,036 9,020
Total 9,268 9,020
Consumer    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Current Year 4,509 15,703
One Year Before 13,661 9,947
Two Years Before 8,657 4,666
Three Years Before 3,826 2,532
Four Years Before 1,978 1,026
Prior 7,859 7,740
Revolving Loans 139,035 132,834
Total 179,525 174,448
Current Period Gross Charge Offs    
Current Year   58
One Year Before 11 63
Two year Before 12 33
Three year Before 8 23
Four Year Before 7 2
Prior 239 888
Revolving Loans 32 6
Total 309 1,073
Consumer | Satisfactory    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Current Year 4,509 15,703
One Year Before 13,661 9,937
Two Years Before 8,647 4,651
Three Years Before 3,810 2,530
Four Years Before 1,978 1,015
Prior 7,627 7,509
Revolving Loans 137,751 131,623
Total 177,983 172,968
Consumer | Watch    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Prior 184 188
Revolving Loans 68 70
Total 252 258
Consumer | Special Mention    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Revolving Loans 983 983
Total 983 983
Consumer | Classified    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
One Year Before   10
Two Years Before 10 15
Three Years Before 16 2
Four Years Before   11
Prior 48 43
Revolving Loans 233 158
Total 307 239
Combined    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Current Year 151,785 401,228
One Year Before 419,045 550,642
Two Years Before 602,123 288,490
Three Years Before 277,661 1,183,399
Four Years Before 1,161,340 676,542
Prior 1,672,235 1,092,883
Revolving Loans 242,809 234,494
Total 4,526,998 4,427,678
Current Period Gross Charge Offs    
Current Year   58
One Year Before 11 63
Two year Before 12 33
Three year Before 8 44
Four Year Before 7 26
Prior 239 1,032
Revolving Loans 32 50
Total 309 1,306
Combined | Satisfactory    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Current Year 151,553 401,228
One Year Before 419,045 550,604
Two Years Before 602,113 288,404
Three Years Before 277,528 1,171,537
Four Years Before 1,147,196 649,028
Prior 1,621,734 1,075,501
Revolving Loans 241,525 232,669
Total 4,460,694 4,368,971
Combined | Watch    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Three Years Before   11,353
Four Years Before 10,909 2,473
Prior 8,884 6,563
Revolving Loans 68 70
Total 19,861 20,459
Combined | Special Mention    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Current Year 232  
Four Years Before   24,762
Prior 40,536 9,020
Revolving Loans 983 983
Total 41,751 34,765
Combined | Classified    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
One Year Before   38
Two Years Before 10 86
Three Years Before 133 509
Four Years Before 3,235 279
Prior 1,081 1,799
Revolving Loans 233 772
Total 4,692 3,483
One- to four-family residential construction    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Current Year 853 18,452
One Year Before 24,013 4,606
Two Years Before 3,122 2,611
Three Years Before 2,996 1,242
Four Years Before 1,341  
Revolving Loans 6,656 3,347
Total 38,981 30,258
One- to four-family residential construction | Satisfactory    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Current Year 853 18,452
One Year Before 24,013 4,606
Two Years Before 3,122 2,611
Three Years Before 2,996 1,242
Four Years Before 1,341  
Revolving Loans 6,656 3,347
Total 38,981 30,258
Subdivision construction    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Current Year 98 924
One Year Before 836 2,745
Two Years Before 2,242 278
Three Years Before 274 260
Four Years Before 255 16,146
Prior 16,425 428
Revolving Loans 2,878 11,379
Total 23,008 32,160
Subdivision construction | Satisfactory    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Current Year 98 924
One Year Before 836 2,745
Two Years Before 2,242 278
Three Years Before 274 260
Four Years Before 255 16,146
Prior 16,425 428
Revolving Loans 2,878 11,379
Total 23,008 32,160
Construction and land development    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Current Year 1,511 11,147
One Year Before 13,018 9,046
Two Years Before 8,976 6,573
Three Years Before 6,497 1,097
Four Years Before 3,590 368
Prior 7,103 6,413
Revolving Loans 2,860 2,875
Total 43,555 37,519
Construction and land development | Satisfactory    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Current Year 1,511 11,147
One Year Before 13,018 9,046
Two Years Before 8,976 6,573
Three Years Before 6,497 1,097
Four Years Before 3,590 368
Prior 7,103 6,413
Revolving Loans 2,860 2,875
Total 43,555 37,519
Other construction    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Current Year 42,527 35,846
One Year Before 49,167 166,912
Two Years Before 191,013 7,448
Three Years Before 1,361 38,049
Four Years Before 41,612 969
Prior 922  
Total 326,602 249,224
Other construction | Satisfactory    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Current Year 42,527 35,846
One Year Before 49,167 166,912
Two Years Before 191,013 7,448
Three Years Before 1,361 38,049
Four Years Before 41,612 969
Prior 922  
Total 326,602 249,224
One- to four-family residential    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Current Year 33,554 65,388
One Year Before 62,379 39,434
Two Years Before 34,841 50,038
Three Years Before 44,266 268,499
Four Years Before 263,705 153,815
Prior 342,663 202,869
Revolving Loans 1,319 1,954
Total 782,727 781,997
Current Period Gross Charge Offs    
Three year Before   21
Four Year Before   16
Prior   9
Total   46
One- to four-family residential | Satisfactory    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Current Year 33,554 65,388
One Year Before 62,379 39,406
Two Years Before 34,841 49,967
Three Years Before 44,163 267,992
Four Years Before 263,195 153,547
Prior 340,919 200,389
Revolving Loans 1,319 1,340
Total 780,370 778,029
One- to four-family residential | Watch    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Prior 711 724
Total 711 724
One- to four-family residential | Classified    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
One Year Before   28
Two Years Before   71
Three Years Before 103 507
Four Years Before 510 268
Prior 1,033 1,756
Revolving Loans   614
Total 1,646 3,244
Other residential (multi-family)    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Current Year 12,703 99,386
One Year Before 99,612 153,763
Two Years Before 175,264 113,657
Three Years Before 109,904 541,044
Four Years Before 535,971 291,668
Prior 432,788 184,893
Revolving Loans 3,052 2,999
Total 1,369,294 1,387,410
Other residential (multi-family) | Satisfactory    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Current Year 12,703 99,386
One Year Before 99,612 153,763
Two Years Before 175,264 113,657
Three Years Before 109,904 541,044
Four Years Before 533,246 266,906
Prior 398,637 182,230
Revolving Loans 3,052 2,999
Total 1,332,418 1,359,985
Other residential (multi-family) | Watch    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Prior 2,651 2,663
Total 2,651 2,663
Other residential (multi-family) | Special Mention    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Four Years Before   24,762
Prior 31,500  
Total 31,500 24,762
Other residential (multi-family) | Classified    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Four Years Before 2,725  
Total 2,725  
Commercial business    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Current Year 5,417 31,698
One Year Before 38,189 22,010
Two Years Before 15,465 9,959
Three Years Before 8,713 14,295
Four Years Before 9,909 18,102
Prior 52,346 38,280
Revolving Loans 50,143 44,170
Total 180,182 178,514
Current Period Gross Charge Offs    
Prior   135
Revolving Loans   44
Total   179
Commercial business | Satisfactory    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Current Year 5,417 31,698
One Year Before 38,189 22,010
Two Years Before 15,465 9,959
Three Years Before 8,699 13,490
Four Years Before 9,145 15,629
Prior 49,949 38,256
Revolving Loans 50,143 44,170
Total 177,007 175,212
Commercial business | Watch    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Three Years Before   805
Four Years Before 764 2,473
Prior 2,397 24
Total 3,161 $ 3,302
Commercial business | Classified    
LOANS AND ALLOWANCE FOR CREDIT LOSSES    
Three Years Before 14  
Total $ 14  
v3.26.1
INVESTMENTS IN LIMITED PARTNERSHIPS (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2026
USD ($)
item
Mar. 31, 2025
USD ($)
Dec. 31, 2025
USD ($)
item
INVESTMENTS IN LIMITED PARTNERSHIPS      
Number of investments in affordable housing partnerships | item 21   21
Investments in affordable housing partnerships carrying value, net $ 92.8   $ 96.9
Federal affordable housing tax credits 98.7    
Expected amortization of investments in affordable housing partnerships 88.4    
Usage of federal affordable housing tax credits 3.6 $ 3.2  
Actual amortization of investments in affordable housing partnerships $ 3.3 $ 2.9  
v3.26.1
INVESTMENTS IN LIMITED PARTNERSHIPS - Investments in Community Development Entities and Investments in Limited Partnerships for Federal Rehabilitation/Historic Tax Credits (Details) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
INVESTMENTS IN LIMITED PARTNERSHIPS      
Investments in community development entities net carrying amount $ 74,000   $ 99,000
Credit allowance period 7 years    
Community development entities, minimum period before redemption 7 years    
Usage of investment in community development entities federal new market tax credits $ 30,000 $ 30,000  
Actual amortization of investment in community development entities 25,000 25,000  
Investments in limited partnerships for federal or historic tax credits $ 0   $ 0
Credit allowance period for federal rehabilitation/historic tax credits 5 years    
Federal rehabilitation/historic tax credits $ 75,000 75,000  
Investment amortization $ 0 $ 0  
For the first three years      
INVESTMENTS IN LIMITED PARTNERSHIPS      
Percentage of investments on credit allowance period 5.00%    
For the next four years      
INVESTMENTS IN LIMITED PARTNERSHIPS      
Percentage of investments on credit allowance period 6.00%    
v3.26.1
OTHER REAL ESTATE OWNED AND REPOSSESSIONS - Major classifications of other real estate owned (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
OTHER REAL ESTATE OWNED AND REPOSSESSIONS    
Total foreclosed assets held for sale and repossessions $ 6,615 $ 6,036
Other real estate owned not acquired through foreclosure 0 0
Other real estate owned and repossessions 6,615 6,036
One- to four-family residential    
OTHER REAL ESTATE OWNED AND REPOSSESSIONS    
Total foreclosed assets held for sale and repossessions 643 0
Commercial construction    
OTHER REAL ESTATE OWNED AND REPOSSESSIONS    
Total foreclosed assets held for sale and repossessions 0 0
Commercial real estate    
OTHER REAL ESTATE OWNED AND REPOSSESSIONS    
Total foreclosed assets held for sale and repossessions 5,960 6,025
Land development    
OTHER REAL ESTATE OWNED AND REPOSSESSIONS    
Total foreclosed assets held for sale and repossessions 0 0
One- to four-family construction    
OTHER REAL ESTATE OWNED AND REPOSSESSIONS    
Total foreclosed assets held for sale and repossessions 0 0
Subdivision construction    
OTHER REAL ESTATE OWNED AND REPOSSESSIONS    
Total foreclosed assets held for sale and repossessions 0 0
Other residential (multi-family)    
OTHER REAL ESTATE OWNED AND REPOSSESSIONS    
Total foreclosed assets held for sale and repossessions 0 0
Commercial business    
OTHER REAL ESTATE OWNED AND REPOSSESSIONS    
Total foreclosed assets held for sale and repossessions 0 0
Consumer    
OTHER REAL ESTATE OWNED AND REPOSSESSIONS    
Total foreclosed assets held for sale and repossessions $ 12 $ 11
v3.26.1
OTHER REAL ESTATE OWNED AND REPOSSESSIONS (Details)
Mar. 31, 2026
USD ($)
property
Dec. 31, 2025
USD ($)
property
OTHER REAL ESTATE OWNED AND REPOSSESSIONS    
Number of real estate properties | property 0 0
Residential mortgage    
OTHER REAL ESTATE OWNED AND REPOSSESSIONS    
Mortgage loans in process of foreclosure, amount | $ $ 77,000 $ 0
v3.26.1
OTHER REAL ESTATE OWNED AND REPOSSESSIONS - Expenses applicable to other real estate owned and repossessions (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OTHER REAL ESTATE OWNED AND REPOSSESSIONS    
Net gains on sales of other real estate owned and repossessions $ 1 $ 5
Valuation write-downs 4  
Operating expenses (income), net of rental income 49 (75)
Expenses on other real estate owned and repossessions $ 54 $ (70)
v3.26.1
PREMISES AND EQUIPMENT - Property, Plant and Equipment (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
PREMISES AND EQUIPMENT    
Land $ 40,239 $ 40,250
Buildings and improvements 110,796 110,536
Furniture, fixtures and equipment 71,881 72,121
Operating leases right of use asset $ 3,878 $ 4,161
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Prepaid Expense and Other Assets Prepaid Expense and Other Assets
Premises and equipment, gross $ 226,794 $ 227,068
Less: accumulated depreciation 94,681 93,811
Total premises and equipment $ 132,113 $ 133,257
v3.26.1
PREMISES AND EQUIPMENT - Additional information (Details) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Premises and Equipment      
Operating leases right of use asset $ 3,878,000   $ 4,161,000
Operating leases liability $ 3,961,000   $ 4,236,000
Weighted-average lease term 4 years 9 months 18 days    
Operating lease, weighted average discount rate, percent 4.18%    
Operating lease, expense $ 429,000 $ 419,000  
Lease expense related to ATMs 91,000 76,000  
Income recognized from lessor agreements $ 381,000 $ 321,000  
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration] Occupancy, Net Occupancy, Net  
Minimum      
Premises and Equipment      
Lessee expected lease terms P0Y8M12D    
Maximum      
Premises and Equipment      
Lessee expected lease terms P9Y1M6D    
v3.26.1
PREMISES AND EQUIPMENT - Statement of financial information (Details) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Statement of Financial Condition      
Operating leases right of use asset $ 3,878,000   $ 4,161,000
Operating leases liability 3,961,000   $ 4,236,000
Statement of Income      
Operating lease costs classified as occupancy and equipment expense (includes short-term lease costs and amortization of right of use asset) 429,000 $ 419,000  
Supplemental Cash Flow Information      
Operating cash flows from operating leases $ 422,000 $ 416,000  
v3.26.1
PREMISES AND EQUIPMENT - Future expected lease payments for leases (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Future expected lease payments    
2026 $ 963  
2027 1,124  
2028 881  
2029 411  
2030 257  
2031 264  
Thereafter 504  
Future lease payments expected 4,404  
Less: interest portion of lease payments (443)  
Lease liability $ 3,961 $ 4,236
v3.26.1
DEPOSITS (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
DEPOSITS    
Non-interest-bearing demand deposits $ 857,357 $ 841,515
Interest-bearing demand and savings deposits (weighted average rate 1.20% and 1.20%) 2,264,414 2,289,393
Demand deposit accounts, total 3,121,771 3,130,908
Time deposits 671,421 688,439
Interest-bearing domestic deposits, brokered 651,969 663,427
Total Deposits $ 4,445,161 $ 4,482,774
Interest-Bearing Deposits    
DEPOSITS    
Weighted average rate on interest-bearing demand and savings deposits 1.20% 1.20%
Brokered deposits    
DEPOSITS    
Interest-bearing domestic deposits, brokered $ 651,969 $ 663,427
Weighted average rate on brokered deposits 3.80% 3.80%
Minimum    
DEPOSITS    
Weighted average interest rate on certificates of deposit 2.97%  
Maximum    
DEPOSITS    
Weighted average interest rate on certificates of deposit 3.13%  
0.00% - 0.99%    
DEPOSITS    
Time deposits $ 28,567 $ 31,380
0.00% - 0.99% | Minimum    
DEPOSITS    
Weighted average interest rate on certificates of deposit 0.00%  
0.00% - 0.99% | Maximum    
DEPOSITS    
Weighted average interest rate on certificates of deposit 0.99%  
1.00% - 1.99%    
DEPOSITS    
Time deposits $ 87,154 94,864
1.00% - 1.99% | Minimum    
DEPOSITS    
Weighted average interest rate on certificates of deposit 1.00%  
1.00% - 1.99% | Maximum    
DEPOSITS    
Weighted average interest rate on certificates of deposit 1.99%  
2.00% - 2.99%    
DEPOSITS    
Time deposits $ 32,283 22,720
2.00% - 2.99% | Minimum    
DEPOSITS    
Weighted average interest rate on certificates of deposit 2.00%  
2.00% - 2.99% | Maximum    
DEPOSITS    
Weighted average interest rate on certificates of deposit 2.99%  
3.00% - 3.99%    
DEPOSITS    
Time deposits $ 522,622 537,043
3.00% - 3.99% | Minimum    
DEPOSITS    
Weighted average interest rate on certificates of deposit 3.00%  
3.00% - 3.99% | Maximum    
DEPOSITS    
Weighted average interest rate on certificates of deposit 3.99%  
4.00% - 4.99%    
DEPOSITS    
Time deposits $ 795 $ 2,432
4.00% - 4.99% | Minimum    
DEPOSITS    
Weighted average interest rate on certificates of deposit 4.00%  
4.00% - 4.99% | Maximum    
DEPOSITS    
Weighted average interest rate on certificates of deposit 4.99%  
5% and above    
DEPOSITS    
Weighted average interest rate on certificates of deposit 5.00%  
v3.26.1
DEPOSITS - Additional information (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
DEPOSITS    
Interest-bearing domestic deposits, brokered $ 651,969 $ 663,427
Percentage of deposit liability uninsured 39.00%  
Unaffiliated entities    
DEPOSITS    
Percentage of deposit liability uninsured 17.00%  
IntraFi Financial Network    
DEPOSITS    
Interest-bearing domestic deposits, brokered $ 300,000 $ 450,000
v3.26.1
ADVANCES FROM FEDERAL HOME LOAN BANK (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ADVANCES FROM FEDERAL HOME LOAN BANK    
Outstanding term advances from Federal Home Loan Bank $ 0 $ 0
Investment securities with carrying values 284,800 287,700
Loans with carrying values 2,170,000 2,060,000
Advance equivalents 1,710,000 $ 1,710,000
Federal Home Loan Bank of Des Moines    
ADVANCES FROM FEDERAL HOME LOAN BANK    
Credit under a borrowing arrangement $ 1,240,000  
v3.26.1
SHORT-TERM BORROWINGS - Schedule of Short-term Debt (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
SHORT-TERM BORROWINGS    
Notes payable - Community Development Equity Funds $ 660 $ 928
Securities sold under reverse repurchase agreements 37,198 48,467
Overnight borrowings from the Federal Home Loan Bank 470,000 330,000
Short-term debt recorded value $ 507,858 $ 379,395
v3.26.1
SHORT-TERM BORROWINGS - Schedule of Repurchase Agreements (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Overnight and Continuous | Agency mortgage-backed securities    
Transfer of Certain Financial Assets Accounted for as Secured Borrowings    
Mortgage-backed securities - GNMA, FNMA, FHLMC $ 37,198 $ 48,467
v3.26.1
SUBORDINATED NOTES (Details) - USD ($)
 3 Months Ended
Jun. 15, 2025
Jun. 10, 2020
Mar. 31, 2025
SUBORDINATED NOTES      
Amortization of the debt issuance costs     $ 74,000
Senior Subordinated Notes      
SUBORDINATED NOTES      
Public offering and sale of subordinated notes   $ 75,000,000  
Subordinated note interest rate   5.50%  
Spread on variable rate, plus 3 months SOFR   5.325%  
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]   us-gaap:SecuredOvernightFinancingRateSofrMember  
Proceeds from issuance of senior long-term debt   $ 73,500,000  
Payment of financing and stock issuance costs   $ 1,500,000  
Expected life of the notes   5 years  
Repayments of subordinated debt $ 75,000,000    
Redemption price as percentage of aggregate principal balance 100.00%    
v3.26.1
INCOME TAXES - Schedule of provision for income taxes (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
INCOME TAXES    
Current federal income tax expense $ 4,404 $ 3,731
Current state income tax expense 574 720
Deferred income tax expense (958) (161)
Income Tax Expense (Benefit), Total $ 4,020 $ 4,290
v3.26.1
INCOME TAXES - Effective income tax rate reconciliation (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Effective Income Tax Rate Reconciliation, Amount    
Tax at statutory rate $ 4,514 $ 4,505
Nontaxable interest and dividends (52) (96)
U.S. federal tax credits, net (predominantly low-income housing) (989) (859)
State income/franchise taxes, net of federal benefit 486 625
Other 61 115
Income Tax Expense (Benefit), Total $ 4,020 $ 4,290
Effective Income Tax Rate Reconciliation, Percent    
Tax at statutory rate 21.00% 21.00%
Nontaxable interest and dividends (0.20%) (0.40%)
U.S. federal tax credits (primarily low-income housing) (4.60%) (4.00%)
State income or franchise taxes 2.30% 2.90%
Other 0.20% 0.50%
Effective income tax rate reconciliation, percent, Total 18.70% 20.00%
v3.26.1
INCOME TAXES (Details)
 3 Months Ended
Mar. 31, 2026
USD ($)
Mar. 31, 2025
USD ($)
item
INCOME TAXES    
Federal income taxes $ 0 $ 0
State taxes 41,000 35,000
Payment to state tax jurisdiction exceeding threshold percentage $ 0 $ 0
Threshold percentage on taxable income 5.00% 5.00%
Proceeds from income tax refund, state and local $ 642,000 $ 19,000
Proceeds from income tax refund, federal $ 977,000 $ 49,000
Minnesota    
INCOME TAXES    
Effective Income Tax Rate Reconciliation, State and Local Jurisdiction, Contribution Greater than 50 Percent, Tax Effect [Extensible Enumeration] Minnesota Minnesota
Colorado    
INCOME TAXES    
Effective Income Tax Rate Reconciliation, State and Local Jurisdiction, Contribution Greater than 50 Percent, Tax Effect [Extensible Enumeration] Colorado Colorado
Illinois    
INCOME TAXES    
Effective Income Tax Rate Reconciliation, State and Local Jurisdiction, Contribution Greater than 50 Percent, Tax Effect [Extensible Enumeration] country:IL country:IL
Georgia    
INCOME TAXES    
Number of pending audits 34,000 27,000
Nebraska    
INCOME TAXES    
Number of pending audits 7,000 8,000
v3.26.1
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair value, assets measured on recurring basis (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Agency mortgage-backed securities    
Fair value of recurring basis and the level within the fair value hierarchy in which the fair value measurements    
Assets fair value $ 294,757 $ 301,249
Agency collateralized mortgage obligations    
Fair value of recurring basis and the level within the fair value hierarchy in which the fair value measurements    
Assets fair value 113,859 115,333
States and political subdivisions securities    
Fair value of recurring basis and the level within the fair value hierarchy in which the fair value measurements    
Assets fair value 50,814 51,398
Small Business Administration securities    
Fair value of recurring basis and the level within the fair value hierarchy in which the fair value measurements    
Assets fair value 54,416 55,851
Interest rate derivative asset    
Fair value of recurring basis and the level within the fair value hierarchy in which the fair value measurements    
Assets fair value 5,461 5,663
Interest rate derivative liability    
Fair value of recurring basis and the level within the fair value hierarchy in which the fair value measurements    
Liabilities fair value (12,880) (11,236)
Level 2 | Agency mortgage-backed securities    
Fair value of recurring basis and the level within the fair value hierarchy in which the fair value measurements    
Assets fair value 294,757 301,249
Level 2 | Agency collateralized mortgage obligations    
Fair value of recurring basis and the level within the fair value hierarchy in which the fair value measurements    
Assets fair value 113,859 115,333
Level 2 | States and political subdivisions securities    
Fair value of recurring basis and the level within the fair value hierarchy in which the fair value measurements    
Assets fair value 50,814 51,398
Level 2 | Small Business Administration securities    
Fair value of recurring basis and the level within the fair value hierarchy in which the fair value measurements    
Assets fair value 54,416 55,851
Level 2 | Interest rate derivative asset    
Fair value of recurring basis and the level within the fair value hierarchy in which the fair value measurements    
Assets fair value 5,461 5,663
Level 2 | Interest rate derivative liability    
Fair value of recurring basis and the level within the fair value hierarchy in which the fair value measurements    
Liabilities fair value (12,880) (11,236)
Level 3    
Fair value of recurring basis and the level within the fair value hierarchy in which the fair value measurements    
Available-for-Sale Securities $ 0 $ 0
v3.26.1
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair value measurements of assets measured at fair value on a nonrecurring basis (Details) - Nonrecurring
$ in Thousands
Dec. 31, 2025
USD ($)
Nonrecurring Measurements  
Foreclosed assets held for sale $ 65
Level 3  
Nonrecurring Measurements  
Foreclosed assets held for sale $ 65
v3.26.1
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of financial instruments fair value (Details)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2026
USD ($)
Dec. 31, 2025
USD ($)
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS    
Carrying Amount $ 25,774 $ 25,774
Investment, Type [Extensible Enumeration] us-gaap:SubordinatedDebtMember us-gaap:SubordinatedDebtMember
Fair Value $ 25,774 $ 25,774
Hierarchy Level 3 3
Deposits    
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS    
Carrying Amount $ 4,445,161 $ 4,482,774
Fair Value $ 4,442,627 $ 4,480,770
Hierarchy Level 3 3
Short-term borrowings    
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS    
Carrying Amount $ 507,858 $ 379,395
Fair Value $ 507,858 $ 379,395
Hierarchy Level 3 3
Interest payable    
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS    
Carrying Amount $ 3,250 $ 3,612
Fair Value $ 3,250 $ 3,612
Hierarchy Level 3 3
Unrecognized financial instruments (net of contractual value) | Commitments to originate loans    
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS    
Hierarchy Level 3 3
Unrecognized financial instruments (net of contractual value) | Letters of credit    
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS    
Carrying Amount $ 68 $ 53
Fair Value $ 68 $ 53
Hierarchy Level 3 3
Unrecognized financial instruments (net of contractual value) | Lines of credit    
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS    
Hierarchy Level 3 3
Loans, net of allowance for credit losses    
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS    
Carrying Amount $ 4,456,639 $ 4,356,853
Fair Value $ 4,374,501 $ 4,261,757
Hierarchy Level 3 3
Cash and cash equivalents    
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS    
Carrying Amount $ 187,404 $ 189,554
Fair Value $ 187,404 $ 189,554
Hierarchy Level 1 1
Held-to-maturity securities    
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS    
Carrying Amount $ 177,594 $ 179,200
Fair Value $ 160,520 $ 162,629
Hierarchy Level 2 2
Mortgage loans held for sale    
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS    
Carrying Amount $ 6,823 $ 6,838
Fair Value $ 6,823 $ 6,838
Hierarchy Level 2 2
Interest receivable    
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS    
Carrying Amount $ 19,716 $ 18,068
Fair Value $ 19,716 $ 18,068
Hierarchy Level 3 3
Investment in FHLB stock and other assets    
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS    
Carrying Amount $ 27,720 $ 20,079
Fair Value $ 27,720 $ 20,079
Hierarchy Level 3 3
v3.26.1
DERIVATIVES AND HEDGING ACTIVITIES - Non-designated Hedges and Fair value hedges (Details) - Nondesignated Hedges
 3 Months Ended
Mar. 31, 2026
USD ($)
contract
loan
Mar. 31, 2025
USD ($)
Dec. 31, 2025
USD ($)
loan
contract
Derivatives and Hedging Activities      
Gains (losses) on fair value hedges recognized in earnings $ 2,000 $ 24,000  
Commercial customers      
Derivatives and Hedging Activities      
Total notional amount of the swaps 125,500,000   $ 114,400,000
Interest rate contract | Third parties      
Derivatives and Hedging Activities      
Total notional amount of the swaps $ 125,500,000   $ 114,400,000
Interest rate swaps      
Derivatives and Hedging Activities      
Number of interest rate derivatives held | contract 7   6
Number of participation loans purchased | loan 1   1
Participating mortgage loans, mortgage obligations amount $ 1,800,000   $ 199,000
Interest rate swaps | Third parties      
Derivatives and Hedging Activities      
Number of interest rate derivatives held | contract 7   6
v3.26.1
DERIVATIVES AND HEDGING ACTIVITIES - Cash Flow Hedges (Details) - USD ($)
 1 Months Ended 3 Months Ended
Mar. 31, 2020
Mar. 31, 2026
Mar. 31, 2025
Jul. 31, 2022
Oct. 31, 2018
Derivatives and Hedging Activities          
USD-Prime rate   6.75%      
USD-SOFR OIS rate   3.65221%      
Non-interest income related to changes in the fair value   $ 0 $ 0    
Interest rate swaps | Cash flow hedges          
Derivatives and Hedging Activities          
Total notional amount of the swaps         $ 400,000,000
Derivative, fixed interest rate         3.018%
Terminated notional amount of derivatives $ 400,000,000        
Expected interest income on termination $ 45,900,000        
Loan interest income on terminated interest rate swap     2,000,000    
Interest rate swap one | Cash flow hedges          
Derivatives and Hedging Activities          
Total notional amount of the swaps       $ 200,000,000  
Derivative, fixed interest rate       2.628%  
Interest rate swap two | Cash flow hedges          
Derivatives and Hedging Activities          
Total notional amount of the swaps       $ 200,000,000  
Derivative, fixed interest rate       5.725%  
July 2022 interest rate swaps | Cash flow hedges          
Derivatives and Hedging Activities          
Loan interest income expense   $ 1,000,000 $ 1,700,000    
v3.26.1
DERIVATIVES AND HEDGING ACTIVITIES - Fair value and location (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Derivatives designated as hedging instruments    
Total derivatives designated as hedging instruments, Liabilities $ 7,434 $ 5,590
Derivatives not designated as hedging instruments    
Total derivatives not designated as hedging instruments, Assets 5,461 5,663
Total derivatives not designated as hedging instruments, Liabilities 5,446 5,646
Active interest rate swaps | Accrued expenses and other liabilities    
Derivatives designated as hedging instruments    
Total derivatives designated as hedging instruments, Liabilities 7,434 5,590
Interest rate products | Prepaid expenses and other assets    
Derivatives not designated as hedging instruments    
Total derivatives not designated as hedging instruments, Assets 5,461 5,663
Interest rate products | Accrued expenses and other liabilities    
Derivatives not designated as hedging instruments    
Total derivatives not designated as hedging instruments, Liabilities $ 5,446 $ 5,646
v3.26.1
DERIVATIVES AND HEDGING ACTIVITIES - Cash Flow Hedge on Comprehensive Income (Details) - Amount of Gain (Loss) Recognized in AOCI - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Derivatives and Hedging Activities    
Interest rate swaps, net of income taxes $ (1,390) $ 2,635
Terminated interest rate swaps, net of income taxes    
Derivatives and Hedging Activities    
Interest rate swaps, net of income taxes   (1,546)
Active interest rate swaps, net of income taxes    
Derivatives and Hedging Activities    
Interest rate swaps, net of income taxes $ (1,390) $ 4,181
v3.26.1
DERIVATIVES AND HEDGING ACTIVITIES - Cash Flow Hedge on Statements of Income (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Derivatives and Hedging Activities    
TOTAL INTEREST INCOME $ 71,165 $ 80,243
Interest Income    
Derivatives and Hedging Activities    
TOTAL INTEREST INCOME 71,165 80,243
Interest rate swaps, net of income taxes (1,031) 261
Interest Income | Terminated interest rate swaps, net of income taxes    
Derivatives and Hedging Activities    
Interest rate swaps, net of income taxes   2,003
Interest Income | Active interest rate swaps, net of income taxes    
Derivatives and Hedging Activities    
Interest rate swaps, net of income taxes (1,031) (1,742)
Interest Expense    
Derivatives and Hedging Activities    
Total Interest Expense $ 22,837 $ 30,909
v3.26.1
DERIVATIVES AND HEDGING ACTIVITIES - Agreements with Derivative Counterparties (Details) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Loan level swaps    
Derivatives and Hedging Activities    
Derivative counterparties collateral $ 3,200,000 $ 1,600,000
Commercial lending swaps    
Derivatives and Hedging Activities    
Derivative counterparties collateral 4,900,000 4,500,000
Interest rate swaps    
Derivatives and Hedging Activities    
Derivative counterparties collateral 7,800,000 6,000,000
Net asset position | Balance sheet hedge    
Derivatives and Hedging Activities    
Termination value of derivatives with derivative dealer counterparties $ 15,000 $ 17,000
v3.26.1
OPERATING SEGMENTS - Financial Results (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
USD ($)
segment
Mar. 31, 2025
USD ($)
OPERATING SEGMENTS    
Number of reportable segments | segment 1  
Number of operating segments | segment 1  
Interest income $ 71,165 $ 80,243
Interest expense 22,837 30,909
NET INTEREST INCOME 48,328 49,334
Net interest income after credit loss expense 49,259 49,682
Non-interest Income    
Commissions 615 262
Overdraft and insufficient funds fees 1,231 1,215
Point-Of-Sale and ATM fee income and service charges 3,101 3,234
Net gains on loan sales 719 601
Late charges and fees on loans 136 243
Other income 1,229 1,059
TOTAL NON-INTEREST INCOME 7,029 6,590
Non-interest Expense    
Net occupancy expense 8,864 8,533
Postage 925 931
Advertising 372 290
Office supplies and printing 222 266
Telephone 685 706
Legal, audit and other professional fees 690 1,038
Expense (income) on other real estate and repossessions 54 (70)
Intangible asset amortization 108 108
Other operating expenses 1,729 1,726
TOTAL NON-INTEREST EXPENSE 34,792 34,822
INCOME BEFORE INCOME TAXES 21,496 21,450
PROVISION FOR INCOME TAXES 4,020 4,290
NET INCOME 17,476 17,160
Banking segment    
OPERATING SEGMENTS    
Interest income 71,165 80,243
Interest expense 22,837 30,909
NET INTEREST INCOME 48,328 49,334
Credit loss expense (931) (348)
Net interest income after credit loss expense 49,259 49,682
Non-interest Income    
Commissions 615 262
Overdraft and insufficient funds fees 1,231 1,215
Point-Of-Sale and ATM fee income and service charges 3,101 3,234
Net gains on loan sales 719 601
Late charges and fees on loans 136 243
Fees from debit card contracts 410 501
Other income 817 534
TOTAL NON-INTEREST INCOME 7,029 6,590
Non-interest Expense    
Salaries and incentives 16,089 16,203
Employee benefits 3,982 3,926
Net occupancy expense 3,175 3,379
Technology, furniture and equipment expense 5,689 5,154
Postage 925 931
Insurance 1,072 1,165
Advertising 372 290
Office supplies and printing 222 266
Telephone 685 706
Legal, audit and other professional fees 690 1,038
Expense (income) on other real estate and repossessions 54 (70)
Intangible asset amortization 108 108
Travel meals and entertainment 377 348
Other operating expenses 1,352 1,378
TOTAL NON-INTEREST EXPENSE 34,792 34,822
INCOME BEFORE INCOME TAXES 21,496 21,450
PROVISION FOR INCOME TAXES 4,020 4,290
NET INCOME $ 17,476 $ 17,160