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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 28,228 $ 16,107
Short-term investments 23,500 50,995
Cash and cash equivalents 51,728 67,102
Securities available-for-sale, at fair value 179,274 173,133
Securities held-to-maturity, at amortized cost 28,897 32,700
Loans held for sale 15,049 5,205
Loans and leases receivable, net of allowance for loan and lease losses of $30,817 and $19,520, respectively 2,139,482 1,695,115
Premises and equipment, net 2,130 2,557
Foreclosed properties 613 2,919
Right-of-use assets 6,141 6,906
Bank-owned life insurance 51,798 42,761
Federal Home Loan Bank stock, at cost 15,153 7,953
Goodwill and other intangible assets 12,024 11,922
Accrued interest receivable and other assets 99,558 48,506
Total assets 2,601,847 2,096,779
Liabilities and Stockholders’ Equity    
Deposits 1,821,375 1,530,379
Federal Home Loan Bank advances and other borrowings 483,517 319,382
Junior subordinated notes 10,058 10,047
Lease liabilities 6,728 7,541
Accrued interest payable and other liabilities 79,384 35,274
Total liabilities 2,401,062 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, 9,227,351 and 9,162,720 shares issued, 8,561,714 and 8,566,044 shares outstanding at September 30, 2020 and December 31, 2019, respectively 92 92
Additional paid-in capital 82,620 81,188
Retained earnings 135,760 129,105
Accumulated other comprehensive loss (1,170) (1,348)
Treasury stock, 665,637 and 596,676 shares at September 30, 2020 and December 31, 2019, respectively, at cost (16,517) (14,881)
Total stockholders’ equity 200,785 194,156
Total liabilities and stockholders’ equity $ 2,601,847 $ 2,096,779