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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 59,430 $ 79,169
Time deposits in other financial institutions 350 350
Cash and cash equivalents 59,780 79,519
Equity securities at fair value (Note 2) 8,419 2,896
Securities available for sale (Note 2) 1,028,115 574,787
Federal Home Loan Bank stock 3,824 3,824
Federal Reserve Bank stock 4,180 4,180
Loans held for sale 7,505 12,921
Loans to other financial institutions 38,728 35,209
Loans (Note 3) 988,357 1,069,668
Allowance for loan losses (Note 3) (7,755) (7,593)
Loans, net 980,602 1,062,075
Premises and equipment, net 30,014 29,489
Other real estate owned, net 162 266
Cash value of life insurance policies 33,322 32,751
Goodwill 59,946 60,506
Core deposit intangible 4,264 5,269
Other assets 18,319 15,650
Total assets 2,277,180 1,919,342
Liabilities    
Deposits – noninterest-bearing 543,165 477,654
Deposits – interest-bearing 1,468,985 1,196,924
Total deposits 2,012,150 1,674,578
Borrowings 0 9,327
Subordinated debentures 34,956 3,089
Other liabilities 5,019 5,080
Total liabilities 2,052,125 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: 7,591,221 at September 30, 2021 and 7,796,352 at December 31, 2020 173,888 178,750
Retained earnings 49,198 37,490
Accumulated other comprehensive income, net 1,969 11,028
Total shareholders’ equity 225,055 227,268
Total liabilities and shareholders’ equity $ 2,277,180 $ 1,919,342