XML 21 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 117,945 $ 60,026
Federal funds sold 775 480
Securities available for sale, at fair value 109,475 108,571
Securities held to maturity (fair value of $12,654 in 2019)   12,192
Restricted equity investments, at cost 11,173 8,134
Loans held for sale 178,598 55,646
Paycheck Protection Program loans, net of fees 288,533  
Loans held for investment, net of deferred fees and costs 702,494 646,834
Less allowance for loan losses (13,827) (4,572)
Loans held for investment, net 688,667 642,262
Accrued interest receivable 5,428 2,590
Premises and equipment, net 14,831 13,651
Cash surrender value of life insurance 15,724 15,321
Goodwill 19,892 19,915
Other intangible assets 2,922 3,718
Right-of-use asset, net 5,328 6,620
Mortgage derivative asset 5,293 591
Mortgage servicing rights 7,084  
Mortgage payments receivable 1,038 580
Mortgage brokerage receivable 8,516 1,128
Other assets 17,036 9,386
Total assets 1,498,258 960,811
Deposits:    
Noninterest-bearing 333,051 177,819
Interest-bearing 612,058 544,211
Total deposits 945,109 722,030
FHLB borrowings 115,000 124,800
FRB borrowings 281,650  
Subordinated debentures, net of issuance costs 24,506 9,800
Other liabilities 23,793 11,844
Total liabilities 1,390,058 868,474
Commitments and contingencies (Note 24)
Stockholders’ Equity:    
Common stock, no par value; 25,000,000 shares authorized; 5,718,621 and 5,658,585 shares issued and outstanding at December 31, 2020 and 2019, respectively 66,771 66,204
Additional paid-in capital 252 252
Retained earnings 40,688 25,428
Accumulated other comprehensive income 264 229
Stockholders' Equity 107,975 92,113
Noncontrolling interest 225 224
Total stockholders’ equity 108,200 92,337
Total liabilities and stockholders’ equity $ 1,498,258 $ 960,811