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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 32,634 $ 34,175
Interest-earning deposits in other banks 35,059 36,103
Total cash and cash equivalents 67,693 70,278
Available-for-sale debt securities 1,060,362 710,092
Equity securities 7,486 7,634
Loans, less allowance for credit losses of $10,061 at September 30, 2021 and $12,915 at December 31, 2020 1,073,436 1,089,432
Bank premises and equipment, net 8,429 8,228
Bank-owned life insurance 39,309 28,713
Federal Home Loan Bank stock 5,595 5,595
Goodwill 53,777 53,777
Core deposit intangibles 662 1,183
Accrued interest receivable and other assets 31,628 29,164
Total assets 2,348,377 2,004,096
Deposits:    
Non-interest bearing 934,249 824,889
Interest bearing 1,123,843 897,821
Total deposits 2,058,092 1,722,710
Junior subordinated deferrable interest debentures 5,155 5,155
Accrued interest payable and other liabilities 38,582 31,210
Total liabilities 2,101,829 1,759,075
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: 11,987,904 at September 30, 2021 and 12,509,848 at December 31, 2020 68,265 79,416
Retained earnings 167,993 150,749
Accumulated other comprehensive income, net of tax 10,290 14,856
Total shareholders’ equity 246,548 245,021
Total liabilities and shareholders’ equity $ 2,348,377 $ 2,004,096