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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 22,112 $ 21,343
Interest-bearing deposits with banks 261,859 165,536
Cash and cash equivalents 283,971 186,879
Interest-bearing time deposits with banks 248 248
Securities available-for-sale, at fair value 592,404 679,526
Securities held-to-maturity (fair value of $90,529 in 2019 and $121,506 in 2018) 88,477 121,715
Equity securities 4,389 3,261
Restricted stock, at cost 2,425 2,719
Loans held for sale 4,531 2,800
Loans, net of allowance for loan losses of $22,299 in 2019 and $20,509 in 2018 2,141,527 2,123,748
Bank premises and equipment, net 53,987 54,736
Bank premises held for sale 121 749
Foreclosed assets 5,099 9,559
Goodwill 23,620 23,620
Core deposit intangible assets, net 4,030 5,453
Mortgage servicing rights, at fair value 8,518 10,918
Investments in unconsolidated subsidiaries 1,165 1,165
Accrued interest receivable 13,951 15,300
Other assets 16,640 7,173
Total assets 3,245,103 3,249,569
Deposits:    
Noninterest-bearing 689,116 664,876
Interest-bearing 2,087,739 2,131,094
Total deposits 2,776,855 2,795,970
Securities sold under agreements to repurchase 44,433 46,195
Subordinated debentures 37,583 37,517
Other liabilities 53,314 29,491
Total liabilities 2,912,185 2,909,173
COMMITMENTS AND CONTINGENCIES (Notes 11 and 20)
Stockholders' Equity    
Preferred stock, $0.01 par value, 25,000,000 shares authorized, none issued or outstanding as of December 31, 2019
Common stock:    
Surplus 190,524 32,288
Retained earnings 134,287 315,234
Accumulated other comprehensive income (loss) 7,832 (4,288)
Less cost of treasury stock held:    
Total stockholders’ equity 332,918 340,396
Total liabilities and stockholders’ equity 3,245,103 3,249,569
Voting    
Common stock:    
Common Stock $ 275 3
Less cost of treasury stock held:    
Treasury Stock   (1,667)
Series A Nonvoting    
Common stock:    
Common Stock   178
Less cost of treasury stock held:    
Treasury Stock   $ (1,352)