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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 27,600 $ 26,203
Interest-bearing deposits with banks 298,645 99,055
Cash and cash equivalents 326,245 125,258
Restricted investments in bank stocks 10,307 10,563
Securities available for sale (amortized cost of $403,090 and $460,999 at March 31, 2021 and December 31, 2020, respectively) 407,690 466,465
Loans held for sale, at fair value 11,449 11,734
Loans 2,045,021 1,979,690
Less: Allowance for loan losses (18,967) (20,151)
Net loans 2,026,054 1,959,539
Premises and equipment, net 34,719 35,149
Cash surrender value of life insurance 68,962 68,554
Goodwill 18,724 18,724
Other intangible assets, net 5,124 5,458
Accrued interest receivable 9,070 8,927
Other assets 45,190 40,201
Total assets 2,963,534 2,750,572
Deposits:    
Noninterest-bearing 547,802 456,778
Interest-bearing 1,999,287 1,900,102
Total deposits 2,547,089 2,356,880
Securities sold under agreements to repurchase 22,794 19,466
FHLB advances and other 57,942 58,045
Subordinated notes 31,918 31,903
Other liabilities 49,343 38,029
Total liabilities 2,709,086 2,504,323
Shareholders’ Equity    
Preferred stock, value 0 0
Common stock, value 586 586
Additional paid - in capital 188,511 189,066
Retained earnings 62,302 54,099
Accumulated other comprehensive income 3,315 3,346
Treasury stock— 14,759 and 55,729 shares, at cost at March 31, 2021 and December 31, 2020, respectively (266) (848)
Total shareholders’ equity 254,448 246,249
Total liabilities and shareholders’ equity $ 2,963,534 $ 2,750,572