XML 12 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks, including reserve requirements of $0 at 6/30/20 and $13,210 at 12/31/19 $ 48,990 $ 48,337
Interest-bearing deposits 15,694 720
Federal funds sold 124,955 3,330
Cash and cash equivalents 189,639 52,387
Investment securities available for sale 207,469 195,746
Other investments 7,196 4,231
Total securities 214,665 199,977
Mortgage loans held for sale 10,594 4,417
Loans 966,543 849,874
Less allowance for loan losses (9,433) (6,680)
Net loans 957,110 843,194
Premises and equipment, net 18,480 18,604
Cash surrender value of life insurance 16,507 16,319
Right of use lease asset 3,367 3,622
Accrued interest receivable and other assets 15,519 16,362
Total assets 1,425,881 1,154,882
Deposits:    
Noninterest-bearing demand 457,637 338,004
NOW, MMDA & savings 594,948 516,757
Time, $250,000 or more 24,477 34,269
Other time 77,267 77,487
Total deposits 1,154,329 966,517
Securities sold under agreements to repurchase 31,747 24,221
FHLB borrowings 70,000 0
Junior subordinated debentures 15,464 15,619
Lease liability 3,403 3,647
Accrued interest payable and other liabilities 13,897 10,758
Total liabilities 1,288,840 1,020,762
Commitments  
Shareholders' equity:    
Series A preferred stock, $1,000 stated value; authorized 5,000,000 shares; no shares issued and outstanding 0 0
Common stock, no par value; authorized 20,000,000 shares; issued and outstanding 5,787,504 shares at June 30, 2020 and 5,912,300 shares at December 31, 2019 56,871 59,813
Retained earnings 72,942 70,663
Accumulated other comprehensive income 7,228 3,644
Total shareholders' equity 137,041 134,120
Total liabilities and shareholders' equity $ 1,425,881 $ 1,154,882