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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 33,974 $ 25,969
Interest-bearing deposits with banks 23,163 29,994
Cash and cash equivalents 57,137 55,963
Restricted investments in bank stocks 15,823 16,184
Securities available for sale (amortized cost of $497,454 and $491,492 at March 31, 2020 and December 31, 2019, respectively) 479,599 490,885
Loans held for sale, at fair value 7,900 9,364
Loans 1,656,948 1,644,330
Less: Allowance for loan losses (15,803) (14,655)
Net loans 1,641,145 1,629,675
Premises and equipment, net 37,098 37,524
Cash surrender value of life insurance 64,016 63,613
Goodwill 20,142 19,925
Other intangible assets, net 6,717 7,180
Accrued interest receivable 6,697 6,040
Other assets 51,279 46,921
Total assets 2,387,553 2,383,274
Deposits:    
Noninterest-bearing 263,502 249,450
Interest-bearing 1,633,794 1,626,072
Total deposits 1,897,296 1,875,522
Securities sold under agreements to repurchase 10,933 8,269
FHLB Advances 201,166 209,667
Subordinated notes 31,861 31,847
Other liabilities 35,727 34,720
Total liabilities 2,176,983 2,160,025
Shareholders’ Equity    
Preferred stock, $1.25 par value per share; 500,000 shares authorized; no shares issued or outstanding 0 0
Common stock, no par value—$0.05205 stated value per share 50,000,000 shares authorized; 11,268,679 and 11,220,604 shares issued; 11,196,724 and 11,199,874 shares outstanding 586 584
Additional paid - in capital 187,843 188,365
Retained earnings 38,408 35,246
Accumulated other comprehensive loss (15,097) (480)
Treasury stock— 71,955 and 20,730 shares, at cost at March 31, 2020 and December 31, 2019, respectively (1,170) (466)
Total shareholders’ equity 210,570 223,249
Total liabilities and shareholders’ equity $ 2,387,553 $ 2,383,274