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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 20,129 $ 29,538
Short-term investments 38,745 27,371
Cash and cash equivalents 58,874 56,909
Securities available-for-sale, at fair value 173,261 183,925
Securities held-to-maturity, at amortized cost 24,783 26,374
Loans held for sale 6,576 8,695
Loans and leases receivable, net of allowance for loan and lease losses of $28,982 and $28,521, respectively 2,206,130 2,117,449
Premises and equipment, net 1,923 1,998
Foreclosed properties 31 34
Right-of-use assets, net 5,486 5,814
Bank-owned life insurance 52,537 52,188
Federal Home Loan Bank stock, at cost 14,941 13,578
Goodwill and other intangible assets 12,055 12,018
Derivative Asset 26,104 49,377
Accrued interest receivable and other assets 38,017 39,478
Total assets 2,620,718 2,567,837
Liabilities and Stockholders’ Equity    
Deposits 1,902,718 1,855,516
Federal Home Loan Bank advances and other borrowings 448,417 419,167
Junior subordinated notes 10,065 10,062
Lease liabilities 6,040 6,386
Derivative Liability 29,565 54,927
Accrued interest payable and other liabilities 9,422 15,617
Total liabilities 2,406,227 2,361,675
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, 9,320,490 and 9,234,460 shares issued, 8,638,195 and 8,566,960 shares outstanding at March 31, 2021 and December 31, 2020, respectively 93 92
Additional paid-in capital 83,694 83,125
Retained earnings 148,621 140,431
Accumulated other comprehensive loss (1,038) (933)
Treasury stock, 682,295 and 667,500 shares at March 31, 2021 and December 31, 2020, respectively, at cost (16,879) (16,553)
Total stockholders’ equity 214,491 206,162
Total liabilities and stockholders’ equity $ 2,620,718 $ 2,567,837