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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 36,920 $ 26,203
Interest-bearing deposits with banks 274,495 99,055
Cash and cash equivalents 311,415 125,258
Restricted investments in bank stocks 7,051 10,563
Securities available for sale (amortized cost of $437,852 and $460,999 at September 30, 2021 and December 31, 2020, respectively) 445,018 466,465
Loans held for sale, at fair value 6,412 11,734
Loans 1,939,764 1,979,690
Less: Allowance for loan losses (19,965) (20,151)
Net loans 1,919,799 1,959,539
Premises and equipment, net 34,279 35,149
Cash surrender value of life insurance 69,792 68,554
Goodwill 18,724 18,724
Other intangible assets, net 4,486 5,458
Accrued interest receivable 8,015 8,927
Other assets 45,191 40,201
Total assets 2,870,182 2,750,572
Deposits:    
Noninterest-bearing 545,323 456,778
Interest-bearing 1,956,785 1,900,102
Total deposits 2,502,108 2,356,880
Securities sold under agreements to repurchase 27,595 19,466
FHLB advances and other borrowings 2,003 58,045
Subordinated notes 31,948 31,903
Other liabilities 37,959 38,029
Total liabilities 2,601,613 2,504,323
Shareholders’ Equity    
Preferred stock, value 0 0
Common stock, value 586 586
Additional paid - in capital 189,168 189,066
Retained earnings 74,122 54,099
Accumulated other comprehensive income 5,661 3,346
Treasury stock— 43,865 and 55,729 shares, at cost at September 30, 2021 and December 31, 2020, respectively (968) (848)
Total shareholders’ equity 268,569 246,249
Total liabilities and shareholders’ equity $ 2,870,182 $ 2,750,572