XML 85 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 33,594 $ 23,319
Short-term investments 27,364 63,227
Cash and cash equivalents 60,958 86,546
Securities available-for-sale, at fair value 160,665 138,358
Securities held-to-maturity, at amortized cost 33,400 37,731
Loans held for sale 3,070 5,287
Loans and leases receivable, net of allowance for loan and lease losses of $20,170 and $20,425, respectively 1,700,372 1,597,230
Premises and equipment, net 2,740 3,284
Foreclosed properties 2,902 2,547
Right-of-use assets 7,524 0
Bank-owned life insurance 42,432 41,538
Federal Home Loan Bank stock, at cost 8,315 7,240
Goodwill and other intangible assets 11,946 12,045
Accrued interest receivable and other assets 58,469 34,651
Total assets 2,092,793 1,966,457
Liabilities and Stockholders’ Equity    
Deposits 1,508,816 1,455,299
Federal Home Loan Bank advances and other borrowings 332,897 298,944
Junior subordinated notes 10,044 10,033
Lease liabilities 7,866 0
Accrued interest payable and other liabilities 42,378 21,474
Total liabilities 1,902,001 1,785,750
Stockholders’ equity:    
Preferred stock, $0.01 par value, 2,500,000 shares authorized, none issued or outstanding 0 0
Common stock, $0.01 par value, 25,000,000 shares authorized, 9,157,010 and 9,069,199 shares issued, 8,636,085 and 8,785,480 shares outstanding at September 30, 2019 and December 31, 2018, respectively 92 91
Additional paid-in capital 80,740 79,623
Retained earnings 124,628 110,310
Accumulated other comprehensive loss (1,655) (1,684)
Treasury stock, 520,925 and 283,719 shares at September 30, 2019 and December 31, 2018, respectively, at cost (13,013) (7,633)
Total stockholders’ equity 190,792 180,707
Total liabilities and stockholders’ equity $ 2,092,793 $ 1,966,457