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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 29,538 $ 16,107
Short-term investments 27,371 50,995
Cash and cash equivalents 56,909 67,102
Securities available-for-sale, at fair value 183,925 173,133
Securities held-to-maturity, at amortized cost 26,374 32,700
Loans held for sale 8,695 5,205
Loans and leases receivable, net of allowance for loan and lease losses of $28,521 and $19,520, respectively 2,117,449 1,695,115
Premises and equipment, net 1,998 2,557
Foreclosed properties 34 2,919
Right-of-use assets, net 5,814 6,906
Bank-owned life insurance 52,188 42,761
Federal Home Loan Bank stock, at cost 13,578 7,953
Goodwill and other intangible assets 12,018 11,922
Derivative Asset 49,377 18,346
Accrued interest receivable and other assets 39,478 30,160
Total assets 2,567,837 2,096,779
Liabilities and Stockholders’ Equity    
Deposits 1,855,516 1,530,379
Federal Home Loan Bank advances and other borrowings 419,167 319,382
Junior subordinated notes 10,062 10,047
Lease liabilities 6,386 7,541
Derivative Liability 54,927 20,885
Accrued interest payable and other liabilities 15,617 14,389
Total liabilities 2,361,675 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, 9,234,460 and 9,162,720 shares issued, 8,566,960 and 8,566,044 shares outstanding at December 31, 2020 and 2019, respectively 92 92
Additional paid-in capital 83,125 81,188
Retained earnings 140,431 129,105
Accumulated other comprehensive loss (933) (1,348)
Treasury stock, 667,500 and 596,676 shares at December 31, 2020 and 2019, respectively, at cost (16,553) (14,881)
Total stockholders’ equity 206,162 194,156
Total liabilities and stockholders’ equity $ 2,567,837 $ 2,096,779