XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 33,447 $ 24,195
Interest-earning deposits in other banks 53,563 28,379
Total cash and cash equivalents 87,010 52,574
Available-for-sale debt securities 631,854 470,746
Equity securities 7,655 7,472
Loans, less allowance for credit losses of $14,657 at September 30, 2020 and $9,130 at December 31, 2019 1,095,232 934,250
Bank premises and equipment, net 7,257 7,618
Bank-owned life insurance 29,769 30,230
Federal Home Loan Bank stock 5,595 6,062
Goodwill   53,777
Core deposit intangibles 1,356 1,878
Accrued interest receivable and other assets 31,055 32,148
Total assets 1,950,560 1,596,755
Deposits:    
Non-interest bearing 804,893 594,627
Interest bearing 876,321 738,658
Total deposits 1,681,214 1,333,285
Junior subordinated deferrable interest debentures 5,155 5,155
Accrued interest payable and other liabilities 28,411 30,187
Total liabilities 1,714,780 1,368,627
Commitments and contingencies (Note 7)
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: 12,507,658 at September 30, 2020 and 13,052,407 at December 31, 2019 79,269 89,379
Retained earnings 145,045 135,932
Accumulated other comprehensive income, net of tax 11,466 2,817
Total shareholders’ equity 235,780 228,128
Total liabilities and shareholders’ equity $ 1,950,560 $ 1,596,755