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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 24,600,000 $ 19,795,000
Interest-bearing balances with other financial institutions 4,572,000 3,028,000
Federal funds sold 10,893,000 691,000
Total cash and cash equivalents 40,065,000 23,514,000
Investment securities available for sale 111,923,000 93,465,000
Investment securities held to maturity, at amortized cost (fair value $166,582 and $100,483) 168,370,000 101,356,000
Loans held for sale 1,702,000 1,040,000
Loans and leases, net of unearned interest 1,624,067,000 910,404,000
Less: Allowance for loan and lease losses (8,397,000) (7,606,000)
Net loans and leases 1,615,670,000 902,798,000
Bank premises and equipment, net 25,303,000 16,168,000
Cash surrender value of life insurance 16,691,000 13,042,000
Restricted investment in bank stocks 6,646,000 4,384,000
Foreclosed assets held for sale 1,017,000 189,000
Accrued interest receivable 8,244,000 4,564,000
Deferred income taxes 4,696,000 1,888,000
Goodwill 62,840,000 3,918,000
Core deposit and other intangibles, net 7,221,000 434,000
Other assets 7,593,000 3,594,000
Total Assets 2,077,981,000 1,170,354,000
LIABILITIES & SHAREHOLDERS’ EQUITY    
Deposits: Noninterest-bearing demand 269,870,000 163,714,000
Deposits: Interest-bearing demand 384,834,000 349,241,000
Deposits: Money Market 375,648,000 246,220,000
Deposits: Savings 209,345,000 62,770,000
Deposits: Time 486,329,000 201,623,000
Total Deposits 1,726,026,000 1,023,568,000
Short-term borrowings 43,100,000 34,611,000
Long-term debt 48,024,000 12,352,000
Subordinated debt 27,082,000 17,338,000
Accrued interest payable 2,262,000 645,000
Other liabilities 8,278,000 6,137,000
Total Liabilities 1,854,772,000 1,094,651,000
Shareholders' Equity:    
Common stock, par value $1.00; authorized 10,000,000 shares; 8,459,918 and 4,242,216 shares issued and outstanding at December 31, 2018 and December 31, 2017, respectively 8,460,000 4,242,000
Additional paid-in capital 177,565,000 40,970,000
Retained earnings 39,562,000 32,565,000
Accumulated other comprehensive loss (2,378,000) (2,074,000)
Total Shareholders’ Equity 223,209,000 75,703,000
Total Liabilities and Shareholders' Equity $ 2,077,981,000 $ 1,170,354,000