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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 94,968 $ 79,169
Time deposits in other financial institutions 350 350
Cash and cash equivalents 95,318 79,519
Equity securities at fair value (Note 2) 8,405 2,896
Securities available for sale (Note 2) 855,555 574,787
Federal Home Loan Bank stock 3,824 3,824
Federal Reserve Bank stock 4,180 4,180
Loans held for sale 12,884 12,921
Loans to other financial institutions 0 35,209
Loans (Note 3) 1,004,587 1,069,668
Allowance for loan losses (Note 3) (7,950) (7,593)
Loans, net 996,637 1,062,075
Premises and equipment, net 29,615 29,489
Other real estate owned, net 260 266
Cash value of life insurance policies 33,128 32,751
Goodwill 59,946 60,506
Core deposit intangible 4,610 5,269
Other assets 16,570 15,650
Total assets 2,120,932 1,919,342
Liabilities    
Deposits – noninterest-bearing 527,964 477,654
Deposits – interest-bearing 1,352,771 1,196,924
Total deposits 1,880,735 1,674,578
Borrowings 2,642 9,327
Subordinated debentures 3,140 3,089
Other liabilities 5,894 5,080
Total liabilities 1,892,411 1,692,074
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: 7,692,537 at June 30, 2021 and 7,796,352 at December 31, 2020 176,323 178,750
Retained earnings 45,352 37,490
Accumulated other comprehensive income, net 6,846 11,028
Total shareholders’ equity 228,521 227,268
Total liabilities and shareholders’ equity $ 2,120,932 $ 1,919,342