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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 17,279 $ 14,951
Interest-bearing bank balances 106,231 32,741
Investment securities - available-for-sale 293,472 286,800
Other investments, at cost 2,053 1,992
Loans held-for-sale 37,587 11,155
Loans 844,460 737,028
Less, allowance for loan losses 10,113 6,627
Net loans 834,347 730,401
Property, furniture and equipment - net 34,527 35,008
Lease right-of-use asset 3,078 3,215
Premises held-for-sale 591 591
Bank owned life insurance 28,588 28,041
Other real estate owned 1,313 1,410
Intangible assets 1,188 1,483
Goodwill 14,637 14,637
Other assets 6,913 7,854
Total assets 1,381,804 1,170,279
Deposits:    
Non-interest bearing 365,505 289,829
Interest bearing 808,046 698,372
Total deposits 1,173,551 988,201
Securities sold under agreements to repurchase 47,142 33,296
Federal Home Loan Bank advances 211
Junior subordinated debentures 14,964 14,964
Lease liability 3,154 3,266
Other liabilities 9,749 10,147
Total liabilities 1,248,560 1,050,085
SHAREHOLDERS’ EQUITY    
Preferred stock, par value $1.00 per share, 10,000,000 shares authorized; none issued and outstanding
Common stock, par value $1.00 per share; 20,000,000 shares authorized; issued and outstanding 7,492,908 at September 30, 2020 7,440,026 at December 31, 2019 7,493 7,440
Nonvested restricted stock (327) (151)
Additional paid in capital 91,270 90,488
Retained earnings 23,912 19,927
Accumulated other comprehensive income 10,896 2,490
Total shareholders’ equity 133,244 120,194
Total liabilities and shareholders’ equity $ 1,381,804 $ 1,170,279