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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 26,652 $ 25,969
Interest-bearing deposits with banks 25,638 29,994
Cash and cash equivalents 52,290 55,963
Restricted investments in bank stocks 16,256 16,184
Securities available for sale (amortized cost of $488,433 and $491,492 at June 30, 2020 and December 31, 2019, respectively) 483,936 490,885
Loans held for sale, at fair value 13,594 9,364
Loans 2,041,317 1,644,330
Less: Allowance for loan losses (17,517) (14,655)
Net loans 2,023,800 1,629,675
Premises and equipment, net 36,976 37,524
Cash surrender value of life insurance 64,411 63,613
Goodwill 18,724 19,925
Other intangible assets, net 6,160 7,180
Accrued interest receivable 8,182 6,040
Other assets 48,467 46,921
Total assets 2,772,796 2,383,274
Deposits:    
Noninterest-bearing 436,290 249,450
Interest-bearing 1,815,441 1,626,072
Total deposits 2,251,731 1,875,522
Securities sold under agreements to repurchase 23,716 8,269
FHLB advances and other 202,804 209,667
Subordinated notes 31,875 31,847
Other liabilities 37,032 34,720
Total liabilities 2,547,158 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; 11,268,429 and 11,220,604 shares issued; 11,209,146 and 11,199,874 shares outstanding 586 584
Additional paid - in capital 188,226 188,365
Retained earnings 42,862 35,246
Accumulated other comprehensive loss (5,114) (480)
Treasury stock— 59,283 and 20,730 shares, at cost at June 30, 2020 and December 31, 2019, respectively (922) (466)
Total shareholders’ equity 225,638 223,249
Total liabilities and shareholders’ equity $ 2,772,796 $ 2,383,274