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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 117,533 $ 59,308
Time deposits in other financial institutions 350 250
Cash and cash equivalents 117,883 59,558
Equity securities at fair value (Note 2) 2,667 2,851
Securities available for sale (Note 2) 393,338 339,579
Federal Home Loan Bank stock 3,824 3,524
Federal Reserve Bank stock 2,947 2,934
Loans held for sale 35,826 3,095
Loans to other financial institutions 55,064 51,048
Loans (Note 3) 1,078,796 802,048
Allowance for loan losses (Note 3) (6,685) (4,057)
Loans, net 1,072,111 797,991
Premises and equipment, net 29,927 24,265
Other real estate owned, net 676 929
Cash value of life insurance policies 32,556 31,979
Goodwill 60,506 52,870
Core deposit intangible 5,664 6,006
Other assets 15,994 9,499
Total assets 1,828,984 1,386,128
Liabilities    
Deposits – noninterest-bearing 447,548 287,460
Deposits – interest-bearing 1,138,822 867,142
Total deposits 1,586,370 1,154,602
Borrowings 13,234 33,198
Other liabilities 6,454 6,189
Total liabilities 1,606,058 1,193,989
Shareholders' Equity    
Preferred stock; shares authorized: 100,000; shares outstanding: none 0 0
Common stock and paid-in capital, no par value; shares authorized: 12,000,000; shares outstanding: 7,791,060 at September 30, 2020 and 7,245,088 at December 31, 2019 178,551 162,610
Retained earnings 35,106 28,051
Accumulated other comprehensive income, net 9,269 1,478
Total shareholders’ equity 222,926 192,139
Total liabilities and shareholders’ equity $ 1,828,984 $ 1,386,128