XML 83 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 15,427 $ 16,107
Short-term investments 79,559 50,995
Cash and cash equivalents 94,986 67,102
Securities available-for-sale, at fair value 175,564 173,133
Securities held-to-maturity, at amortized cost 30,774 32,700
Loans held for sale 6,331 5,205
Loans and leases receivable, net of allowance for loan and lease losses of $22,748 and $19,520, respectively 1,720,651 1,695,115
Premises and equipment, net 2,427 2,557
Foreclosed properties 1,669 2,919
Right-of-use assets 6,590 6,906
Bank-owned life insurance 51,056 42,761
Federal Home Loan Bank stock, at cost 9,733 7,953
Goodwill and other intangible assets 11,872 11,922
Accrued interest receivable and other assets 84,721 48,506
Total assets 2,196,374 2,096,779
Liabilities and Stockholders’ Equity    
Deposits 1,500,126 1,530,379
Federal Home Loan Bank advances and other borrowings 412,892 319,382
Junior subordinated notes 10,051 10,047
Lease liabilities 7,211 7,541
Accrued interest payable and other liabilities 70,437 35,274
Total liabilities 2,000,717 1,902,623
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, 9,226,404 and 9,162,720 shares issued, 8,571,134 and 8,566,044 shares outstanding at March 31, 2020 and December 31, 2019, respectively 92 92
Additional paid-in capital 81,605 81,188
Retained earnings 130,973 129,105
Accumulated other comprehensive loss (685) (1,348)
Treasury stock, 655,270 and 596,676 shares at March 31, 2020 and December 31, 2019, respectively, at cost (16,328) (14,881)
Total stockholders’ equity 195,657 194,156
Total liabilities and stockholders’ equity $ 2,196,374 $ 2,096,779