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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 59,308 $ 19,690
Time deposits in other financial institutions 250  
Cash and cash equivalents 59,558 19,690
Equity securities at fair value (Note 2) 2,851 2,847
Securities available for sale (Note 2) 339,579 166,602
Federal Home Loan Bank stock 3,524 1,994
Federal Reserve Bank stock 2,934 1,573
Loans held for sale 3,095 831
Loans to other financial institutions 51,048 20,644
Loans (Note 3) 802,048 409,073
Allowance for loan losses (Note 3) (4,057) (4,673)
Loans, net 797,991 404,400
Premises and equipment, net (Note 5) 24,265 15,879
Other real estate owned, net (Note 7) 929 102
Cash value of life insurance policies 31,979 14,899
Goodwill (Note 6) 52,870 13,728
Core deposit intangible (Note 6) 6,006  
Other assets 9,499 7,355
Total assets 1,386,128 670,544
Liabilities    
Deposits - noninterest-bearing (Note 8) 287,460 153,542
Deposits - interest-bearing (Note 8) 867,142 423,473
Total deposits 1,154,602 577,015
Federal funds purchased   4,800
Advances from Federal Home Loan Bank (Note 10) 33,198 5,233
Other liabilities (Notes 11 and 13) 6,189 3,019
Total liabilities 1,193,989 590,067
Shareholders' Equity (Note 20)    
Preferred stock; shares authorized: 100,000; shares outstanding: none  
Common stock and paid-in capital, no par value; shares authorized: 12,000,000; shares outstanding: 7,245,088 in 2019 and 3,616,483 in 2018 (Note 14) 162,610 54,523
Retained earnings 28,051 26,686
Accumulated other comprehensive income (loss), net 1,478 (732)
Total shareholders' equity 192,139 80,477
Total liabilities and shareholders' equity $ 1,386,128 $ 670,544