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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 27,623 $ 26,203
Interest-bearing deposits with banks 309,139 99,055
Cash and cash equivalents 336,762 125,258
Restricted investments in bank stocks 9,691 10,563
Securities available for sale (amortized cost of $440,411 and $460,999 at June 30, 2021 and December 31, 2020, respectively) 450,402 466,465
Loans held for sale, at fair value 8,092 11,734
Loans 1,945,383 1,979,690
Less: Allowance for loan losses (19,381) (20,151)
Net loans 1,926,002 1,959,539
Premises and equipment, net 34,529 35,149
Cash surrender value of life insurance 69,375 68,554
Goodwill 18,724 18,724
Other intangible assets, net 4,800 5,458
Accrued interest receivable 7,930 8,927
Other assets 46,410 40,201
Total assets 2,912,717 2,750,572
Deposits:    
Noninterest-bearing 529,137 456,778
Interest-bearing 1,964,963 1,900,102
Total deposits 2,494,100 2,356,880
Securities sold under agreements to repurchase 22,872 19,466
FHLB advances and other 57,837 58,045
Subordinated notes 31,932 31,903
Other liabilities 40,038 38,029
Total liabilities 2,646,779 2,504,323
Shareholders’ Equity    
Preferred stock, value 0 0
Common stock, value 586 586
Additional paid - in capital 188,772 189,066
Retained earnings 69,052 54,099
Accumulated other comprehensive income 7,578 3,346
Treasury stock— 2,759 and 55,729 shares, at cost at June 30, 2021 and December 31, 2020, respectively (50) (848)
Total shareholders’ equity 265,938 246,249
Total liabilities and shareholders’ equity $ 2,912,717 $ 2,750,572