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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 26,854 $ 25,969
Interest-bearing deposits with banks 60,453 29,994
Cash and cash equivalents 87,307 55,963
Restricted investments in bank stocks 12,646 16,184
Securities available for sale (amortized cost of $478,476 and $491,492 at September 30, 2020 and December 31, 2019, respectively) 478,288 490,885
Loans held for sale, at fair value 12,804 9,364
Loans 2,029,870 1,644,330
Less: Allowance for loan losses (19,725) (14,655)
Net loans 2,010,145 1,629,675
Premises and equipment, net 35,476 37,524
Cash surrender value of life insurance 68,446 63,613
Goodwill 18,724 19,925
Other intangible assets, net 5,803 7,180
Accrued interest receivable 8,812 6,040
Other assets 43,216 46,921
Total assets 2,781,667 2,383,274
Deposits:    
Noninterest-bearing 409,051 249,450
Interest-bearing 1,870,432 1,626,072
Total deposits 2,279,483 1,875,522
Securities sold under agreements to repurchase 17,445 8,269
FHLB advances and other 183,373 209,667
Subordinated notes 31,889 31,847
Other liabilities 36,630 34,720
Total liabilities 2,548,820 2,160,025
Shareholders’ Equity    
Preferred stock, value 0 0
Common stock, value 586 584
Additional paid - in capital 188,588 188,365
Retained earnings 45,938 35,246
Accumulated other comprehensive loss (1,455) (480)
Treasury stock— 53,534 and 20,730 shares, at cost at September 30, 2020 and December 31, 2019, respectively (810) (466)
Total shareholders’ equity 232,847 223,249
Total liabilities and shareholders’ equity $ 2,781,667 $ 2,383,274