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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 60,026,000 $ 15,026,000
Federal funds sold 480,000 546,000
Securities available for sale, at fair value 108,571,000 38,047,000
Securities held to maturity (fair value of $12,654 in 2019 and $15,503 in 2018) 12,192,000 15,565,000
Restricted equity securities, at cost 8,134,000 5,138,000
Loans held for sale, at fair value 55,646,000 29,233,000
Loans, net of unearned income 646,834,000 414,868,000
Less allowance for loan losses (4,572,000) (3,580,000)
Loans, net 642,262,000 411,288,000
Premises and equipment, net 13,651,000 3,343,000
Cash surrender value of life insurance 14,734,000 8,455,000
Goodwill 19,914,942 2,694,164
Other assets 25,200,000 10,255,000
Total assets 960,811,000 539,590,000
Deposits:    
Noninterest-bearing 177,819,000 88,265,000
Interest-bearing 544,211,000 326,762,000
Total deposits 722,030,000 415,027,000
Other borrowings 124,800,000 73,100,000
Subordinated debentures, net of issuance costs 9,800,000 9,766,000
Other liabilities 11,844,000 2,076,000
Total liabilities 868,474,000 499,969,000
Commitments and Contingent Liabilities
Stockholders’ Equity:    
Common stock, no par value; 10,000,000 shares authorized; 5,658,585 and 2,792,885 shares issued and outstanding at December 31, 2019 and 2018, respectively 66,204,000 16,453,000
Additional paid-in capital 252,000 252,000
Retained earnings 25,428,000 23,321,000
Accumulated other comprehensive income 229,000 (618,000)
Stockholders' Equity 92,113,000 39,408,000
Noncontrolling interest 224,000 213,000
Total stockholders’ equity 92,337,000 39,621,000
Total liabilities and stockholders’ equity $ 960,811,000 $ 539,590,000