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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and due from financial institutions $ 128,222,000 $ 48,535,000
Restricted cash 11,300,000  
Cash and cash equivalents 139,522,000 48,535,000
Securities available for sale 363,464,000 358,499,000
Equity securities 886,000 1,191,000
Loans held for sale 7,001,000 2,285,000
Loans, net of allowance of $25,028 and $14,767 2,032,474,000 1,694,203,000
Other securities 20,537,000 20,280,000
Premises and equipment, net 22,580,000 22,871,000
Accrued interest receivable 9,421,000 7,093,000
Goodwill 76,851,000 76,851,000
Other intangible assets 8,075,000 8,305,000
Bank owned life insurance 45,976,000 44,999,000
Swap assets 21,700,000 8,918,000
Other assets 14,431,000 15,527,000
Total assets 2,762,918,000 2,309,557,000
Deposits    
Noninterest-bearing 720,809,000 512,553,000
Interest-bearing 1,468,589,000 1,166,211,000
Total deposits 2,189,398,000 1,678,764,000
Short-term Federal Home Loan Bank advances 125,000,000 101,500,000
Long-term Federal Home Loan Bank advances 125,000,000 125,000,000
Securities sold under agreements to repurchase 28,914,000 18,674,000
Subordinated debentures 29,427,000 29,427,000
Swap liabilities 21,764,000 8,918,000
Accrued expenses and other liabilities 18,307,000 17,148,000
Total liabilities 2,412,810,000 1,979,431,000
SHAREHOLDERS’ EQUITY    
Common stock, no par value, 20,000,000 shares authorized, 17,664,951 shares issued at December 31, 2020 and 17,623,706 shares issued at December 31, 2019 277,039,000 276,422,000
Accumulated earnings 93,048,000 67,974,000
Treasury stock, 1,766,919 common shares at December 31, 2020 and 936,164 common shares at December 31, 2019, at cost (34,598,000) (21,144,000)
Accumulated other comprehensive income 14,619,000 6,874,000
Total shareholders’ equity 350,108,000 330,126,000
Total liabilities and shareholders’ equity $ 2,762,918,000 $ 2,309,557,000