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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 11,830 $ 11,990
Short-term investments 71,989 47,668
Cash and cash equivalents 83,819 59,658
Debt securities available-for-sale (at fair value) 32,215 41,790
Federal Home Loan Bank stock, at cost 895 1,416
Loans, net of allowance for loan losses of $18,518 and $13,844 as of December 31, 2020 and 2019, respectively 1,314,810 959,286
Bank owned life insurance 36,684 26,925
Premises and equipment, net 14,716 14,728
Accrued interest receivable 6,371 2,854
Right-of-use assets 4,258 3,713
Other assets 12,013 11,418
Total assets 1,505,781 1,121,788
Deposits:    
Noninterest-bearing 383,079 222,088
Interest-bearing 854,349 627,817
Total deposits 1,237,428 849,905
Long-term borrowings 13,500 24,998
Operating lease liabilities 4,488 3,877
Other liabilities 14,509 12,075
Total liabilities 1,269,925 890,855
Shareholders' equity:    
Preferred stock; authorized 50,000 shares: no shares issued and outstanding
Common stock, $0.01 par value, 100,000,000 shares authorized; 19,047,544 and 19,473,818 shares issued and outstanding at December 31, 2020 and 2019, respectively 191 195
Additional paid in capital 139,450 146,174
Retained earnings 104,508 94,159
Accumulated other comprehensive income 1,058 458
Unearned compensation - ESOP (9,351) (10,053)
Total shareholders' equity 235,856 230,933
Total liabilities and shareholders' equity $ 1,505,781 $ 1,121,788