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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 16,107 $ 23,319
Short-term investments 50,995 63,227
Cash and cash equivalents 67,102 86,546
Securities available-for-sale, at fair value 173,133 138,358
Securities held-to-maturity, at amortized cost 32,700 37,731
Loans held for sale 5,205 5,287
Loans and leases receivable, net of allowance for loan and lease losses of $19,520 and $20,425, respectively 1,695,115 1,597,230
Premises and equipment, net 2,557 3,284
Foreclosed properties 2,919 2,547
Right-of-use assets, net 6,906 0
Bank-owned life insurance 42,761 41,538
Federal Home Loan Bank stock, at cost 7,953 7,240
Goodwill and other intangible assets 11,922 12,045
Accrued interest receivable and other assets 48,506 34,651
Total assets 2,096,779 1,966,457
Liabilities and Stockholders’ Equity    
Deposits 1,530,379 1,455,299
Federal Home Loan Bank advances and other borrowings 319,382 298,944
Junior subordinated notes 10,047 10,033
Lease liabilities 7,541 0
Accrued interest payable and other liabilities 35,274 21,474
Total liabilities 1,902,623 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, 9,162,720 and 9,069,199 shares issued, 8,566,044 and 8,785,480 shares outstanding at December 31, 2019 and 2018, respectively 92 91
Additional paid-in capital 81,188 79,623
Retained earnings 129,105 110,310
Accumulated other comprehensive loss (1,348) (1,684)
Treasury stock, 596,676 and 283,719 shares at December 31, 2019 and 2018, respectively, at cost (14,881) (7,633)
Total stockholders’ equity 194,156 180,707
Total liabilities and stockholders’ equity $ 2,096,779 $ 1,966,457