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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 26,203 $ 25,969
Interest-bearing deposits with banks 99,055 29,994
Cash and cash equivalents 125,258 55,963
Restricted investments in bank stocks 10,563 16,184
Securities available for sale (amortized cost of $460,999 and $491,492 at December 31, 2020 and 2019, respectively) 466,465 490,885
Loans held for sale, at fair value 11,734 9,364
Loans 1,979,690 1,644,330
Less: Allowance for loan losses (20,151) (14,655)
Net loans 1,959,539 1,629,675
Premises and equipment, net 35,149 37,524
Cash surrender value of life insurance 68,554 63,613
Goodwill 18,724 19,925
Other intangible assets, net 5,458 7,180
Accrued interest receivable 8,927 6,040
Other assets 40,201 46,921
Total assets 2,750,572 2,383,274
Deposits:    
Noninterest-bearing 456,778 249,450
Interest-bearing 1,900,102 1,626,072
Total deposits 2,356,880 1,875,522
Securities sold under agreements to repurchase 19,466 8,269
FHLB advances and other 58,045 209,667
Subordinated notes 31,903 31,847
Other liabilities 38,029 34,720
Total liabilities 2,504,323 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; 11,257,046 shares issued and 11,201,317 outstanding at December 31, 2020; 11,220,604 shares issued and 11,199,874 outstanding at December 31, 2019 586 584
Additional paid—in capital 189,066 188,365
Retained earnings 54,099 35,246
Accumulated other comprehensive income (loss) 3,346 (480)
Treasury stock— 55,729 and 20,730 shares, at cost, at December 31, 2020 and 2019, respectively (848) (466)
Total shareholders’ equity 246,249 223,249
Total liabilities and shareholders’ equity $ 2,750,572 $ 2,383,274