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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 32,296 $ 24,195
Interest-earning deposits in other banks 86,261 28,379
Total cash and cash equivalents 118,557 52,574
Available-for-sale debt securities 544,502 470,746
Equity securities 7,655 7,472
Loans, less allowance for credit losses of $13,937 at June 30, 2020 and $9,130 at December 31, 2019 1,111,954 934,250
Bank premises and equipment, net 7,257 7,618
Bank-owned life insurance 29,591 30,230
Federal Home Loan Bank stock 5,595 6,062
Goodwill 53,777 53,777
Core deposit intangibles 1,530 1,878
Accrued interest receivable and other assets 33,313 32,148
Total assets 1,913,731 1,596,755
Deposits:    
Non-interest bearing 817,162 594,627
Interest bearing 832,395 738,658
Total deposits 1,649,557 1,333,285
Junior subordinated deferrable interest debentures 5,155 5,155
Accrued interest payable and other liabilities 30,461 30,187
Total liabilities 1,685,173 1,368,627
Commitments and contingencies (Note 6)
Shareholders’ equity:    
Preferred stock, no par value; 10,000,000 shares authorized, none issued and outstanding 0 0
Common stock, no par value; 80,000,000 shares authorized; issued and outstanding: 12,494,597 at June 30, 2020 and 13,052,407 at December 31, 2019 79,059 89,379
Retained earnings 142,076 135,932
Accumulated other comprehensive income, net of tax 7,423 2,817
Total shareholders’ equity 228,558 228,128
Total liabilities and shareholders’ equity $ 1,913,731 $ 1,596,755