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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 34,175 $ 24,195
Interest-earning deposits in other banks 36,103 28,379
Total cash and cash equivalents 70,278 52,574
Available-for-sale debt securities 710,092 470,746
Equity securities 7,634 7,472
Loans and Leases Receivable, Net Amount 1,089,432 934,250
Bank premises and equipment, net 8,228 7,618
Bank owned life insurance 28,713 30,230
Federal Home Loan Bank stock 5,595 6,062
Goodwill 53,777 53,777
Core deposit intangibles 1,183 1,878
Accrued interest receivable and other assets 29,164 32,148
Total assets 2,004,096 1,596,755
Deposits:    
Non-interest bearing 824,889 594,627
Interest bearing 897,821 738,658
Total deposits 1,722,710 1,333,285
Junior subordinated deferrable interest debentures 5,155 5,155
Accrued interest payable and other liabilities 31,210 30,187
Total liabilities 1,759,075 1,368,627
Commitments and contingencies (Note 12)
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: 12,509,848 at December 31, 2020 and 13,052,407 at December 31, 2019 79,416 89,379
Retained earnings 150,749 135,932
Accumulated other comprehensive income, net of tax 14,856 2,817
Total shareholders’ equity 245,021 228,128
Total liabilities and shareholders’ equity 2,004,096 1,596,755
Allowance for credit losses $ 12,915 $ 9,130