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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 23,874 $ 15,038
Interest-bearing deposits with banks 100,566 377
Cash and cash equivalents 124,440 15,415
Securities available for sale, at fair value 197,436 210,205
Loans receivable 1,414,662 924,581
Less: Allowance for loan losses 11,674 8,509
Net loans receivable 1,402,988 916,072
Regulatory stock, at cost 3,876 4,844
Bank premises and equipment, net 18,124 14,228
Bank owned life insurance 39,400 38,763
Accrued interest receivable 6,104 3,719
Foreclosed real estate owned 965 1,556
Goodwill 30,213 11,331
Other intangibles 565 235
Other assets 17,996 14,242
TOTAL ASSETS 1,842,107 1,230,610
LIABILITIES    
Deposits: Non-interest bearing demand 372,237 207,299
Deposits: Interest-bearing 1,143,685 750,230
Total deposits 1,515,922 957,529
Short-term borrowings 69,294 62,256
Other borrowings 46,438 56,438
Accrued interest payable 2,194 2,432
Other liabilities 17,712 14,527
TOTAL LIABILITIES 1,651,560 1,093,182
STOCKHOLDERS' EQUITY    
Preferred stock, no par value per share, authorized: 5,000,000 shares; issued: none
Common stock, $0.10 par value per share, authorized: 20,000,000 shares, issued: 2020: 8,210,982 shares, 2019: 6,340,563 shares 821 634
Surplus 95,108 49,471
Retained earnings 90,422 86,536
Treasury stock at cost: 2020: 13,778 shares; 2019: 12,007 shares (469) (400)
Accumulated other comprehensive income 4,665 1,187
TOTAL STOCKHOLDERS’ EQUITY 190,547 137,428
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,842,107 $ 1,230,610