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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 84,516,000 $ 53,262,000
Interest-earning deposits 386,711,000 180,469,000
Total cash and cash equivalents 471,227,000 233,731,000
Securities available for sale 307,661,000 334,655,000
Federal Home Loan Bank stock 18,002,000 18,002,000
Loans 3,333,056,000 2,856,667,000
Allowance for loan losses (32,246,000) (23,889,000)
Loans, net 3,300,810,000 2,832,778,000
Premises and equipment, net 59,155,000 57,327,000
Bank owned life insurance 70,900,000 70,297,000
Goodwill 49,473,000 49,473,000
Core deposit intangible, net 3,072,000 3,840,000
Other assets 34,079,000 32,812,000
Total assets 4,314,379,000 3,632,915,000
LIABILITIES AND SHAREHOLDERS' EQUITY    
Noninterest-bearing 1,445,620,000 924,916,000
Interest-bearing 1,816,660,000 1,765,468,000
Total deposits 3,262,280,000 2,690,384,000
Securities sold under agreements to repurchase 167,527,000 102,675,000
Federal Home Loan Bank advances 394,000,000 354,000,000
Subordinated debentures 47,222,000 46,881,000
Accrued interest and other liabilities 18,129,000 22,414,000
Total liabilities 3,889,158,000 3,216,354,000
Commitments and contingent liabilities (Note 8)
Shareholders' equity    
Preferred stock, no par value; 1,000,000 shares authorized; none issued 0 0
Common stock, no par value; 40,000,000 shares authorized; 16,230,649 shares issued and outstanding at June 30, 2020 and 16,425,136 shares issued and outstanding at December 31, 2019 300,897,000 305,035,000
Retained earnings 118,239,000 107,831,000
Accumulated other comprehensive gain/(loss) 6,085,000 3,695,000
Total shareholders’ equity 425,221,000 416,561,000
Total liabilities and shareholders’ equity $ 4,314,379,000 $ 3,632,915,000