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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 121,630 $ 114,763
Federal funds sold and other cash equivalents 57,000 67,000
Cash and cash equivalents 178,630 181,763
Interest-earning deposits in other financial institutions 600 600
Securities:    
Available for sale 214,662 126,069
Held to maturity (fair value of $7,982 and $8,632 at September 30, 2020 and December 31, 2019, respectively) 7,569 8,332
Mortgage loans held for sale 23,886 108,194
Loans held for investment:    
Real estate 2,328,074 1,852,206
Commercial and other 432,498 349,391
Total loans 2,760,572 2,201,597
Unaccreted discount on acquired loans (3,381) (5,067)
Deferred loan (fees) costs, net (2,038) 404
Total loans, net of deferred loan fees 2,755,153 2,196,934
Allowance for loan losses (26,634) (18,816)
Net loans 2,728,519 2,178,118
Premises and equipment 24,237 16,813
Federal Home Loan Bank (FHLB) stock 15,641 15,000
Net deferred tax assets 1,080 2,326
Other real estate owned (OREO) 293 293
Cash surrender value of life insurance (BOLI) 34,930 34,353
Goodwill 69,243 58,563
Servicing assets 14,724 17,083
Core deposit intangibles 5,519 6,100
Accrued interest and other assets 40,043 34,928
Total assets 3,359,576 2,788,535
Deposits:    
Noninterest-bearing demand 642,332 458,763
Savings, NOW and money market accounts 654,378 537,490
Time deposits under $100,000 213,056 257,362
Time deposits $100,000 and over 1,101,982 995,323
Total deposits 2,611,748 2,248,938
Reserve for unfunded commitments 1,129 826
FHLB advances 190,000 0
Long-term debt, net of debt issuance costs 104,305 104,049
Subordinated debentures 14,229 9,673
Accrued interest and other liabilities 16,749 17,359
Total liabilities 2,938,160 2,380,845
Commitments and contingencies - Note 13 0 0
Shareholders' equity:    
Preferred Stock - 100,000,000 shares authorized, no par value; none outstanding 0 0
Common Stock - 100,000,000 shares authorized, no par value; 19,739,280 shares issued and outstanding at September 30, 2020 and 20,030,866 shares issued and outstanding at December 31, 2019 286,775 290,395
Additional paid-in capital 4,740 4,938
Retained earnings 128,814 112,046
Non-controlling interest 72 72
Accumulated other comprehensive income, net 1,015 239
Total shareholders’ equity 421,416 407,690
Total liabilities and shareholders’ equity $ 3,359,576 $ 2,788,535