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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks, including reserve requirements of $0 at 9/30/20 and $13,210 at 12/31/19 $ 48,355 $ 48,337
Interest-bearing deposits 15,778 720
Federal funds sold 140,095 3,330
Cash and cash equivalents 204,228 52,387
Investment securities available for sale 222,991 195,746
Other investments 7,163 4,231
Total securities 230,154 199,977
Mortgage loans held for sale 8,960 4,417
Loans 970,232 849,874
Less allowance for loan losses (9,892) (6,680)
Net loans 960,340 843,194
Premises and equipment, net 19,057 18,604
Cash surrender value of life insurance 16,742 16,319
Other real estate 128 0
Right of use lease asset 3,097 3,622
Accrued interest receivable and other assets 15,903 16,362
Total assets 1,458,609 1,154,882
Deposits:    
Noninterest-bearing demand 455,199 338,004
NOW, MMDA & savings 626,674 516,757
Time, $250,000 or more 24,717 34,269
Other time 79,806 77,487
Total deposits 1,186,396 966,517
Securities sold under agreements to repurchase 34,151 24,221
FHLB borrowings 70,000 0
Junior subordinated debentures 15,464 15,619
Lease liability 3,139 3,647
Accrued interest payable and other liabilities 10,008 10,758
Total liabilities 1,319,158 1,020,762
Commitments
Shareholders' equity:    
Preferred stock, no par 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 September 30, 2020 and 5,912,300 shares at December 31, 2019 56,871 59,813
Retained earnings 76,580 70,663
Accumulated other comprehensive income 6,000 3,644
Total shareholders' equity 139,451 134,120
Total liabilities and shareholders' equity $ 1,458,609 $ 1,154,882