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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from financial institutions $ 165,927 $ 46,028
Interest-bearing deposits in banks 370,677 244,465
Cash and cash equivalents 536,604 290,493
Time deposits in banks 19,451 23,705
Securities – available-for-sale, at fair value 160,074 114,949
Securities – held-to-maturity, at amortized cost (fair value of $6,858 and $8,755 at June 30, 2021 and December 31, 2020, respectively) 6,473 7,979
Loans held for sale 2,340 4,820
Loans, net of allowance for loan losses of $22,153 and $22,189 at June 30, 2021 and December 31, 2020, respectively 1,563,309 1,480,970
Federal Home Loan Bank of San Francisco (“FHLB”) stock 6,723 6,232
Premises and equipment, net of accumulated depreciation of $3,686 and $3,421 at June 30, 2021 and December 31, 2020, respectively 1,649 1,663
Bank owned life insurance 11,074 8,662
Interest receivable and other assets 20,170 14,292
Assets 2,327,867 1,953,765
Deposits    
Non-interest-bearing 829,036 695,687
Interest-bearing 1,237,249 1,088,314
Total deposits 2,066,285 1,784,001
Subordinated notes, net 28,353 28,320
Interest payable and other liabilities 14,915 7,669
Total liabilities 2,109,553 1,819,990
Shareholders’ equity    
Common stock, no par value; 50,000,000 shares authorized; 17,225,508 shares issued and outstanding as of June 30, 2021; 11,000,273 shares issued and outstanding as of December 31, 2020 218,026 110,082
Retained earnings 22,348
Accumulated other comprehensive income, net 288 1,345
Total shareholders’ equity 218,314 133,775
Liabilities and Shareholders’ Equity $ 2,327,867 $ 1,953,765