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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks, including reserve requirements of $0 at 12/31/20 and $13,210 at 12/31/19 $ 42,737 $ 48,337
Interest-bearing deposits 118,843 720
Federal funds sold 0 3,330
Cash and cash equivalents 161,580 52,387
Investment securities available for sale 245,249 195,746
Other investments 4,155 4,231
Total securities 249,404 199,977
Mortgage loans held for sale 9,139 4,417
Loans 948,639 849,874
Less allowance for loan losses (9,908) (6,680)
Net loans 938,731 843,194
Premises and equipment, net 18,600 18,604
Cash surrender value of life insurance 16,968 16,319
Other real estate 128 0
Right of use lease asset 3,423 3,622
Accrued interest receivable and other assets 16,882 16,362
Total assets 1,414,855 1,154,882
Deposits:    
Non-interest bearing demand 456,980 338,004
NOW, MMDA & savings 657,834 516,757
Time, $250,000 or more 25,771 34,269
Other time 80,501 77,487
Total deposits 1,221,086 966,517
Securities sold under agreements to repurchase 26,201 24,221
Junior subordinated debentures 15,464 15,619
Lease liability 3,471 3,647
Accrued interest payable and other liabilities 8,734 10,758
Total liabilities 1,274,956 1,020,762
Commitments (Note 10)
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 December 31, 2020 and 5,912,300 shares at December 31, 2019 56,871 59,813
Retained earnings 77,628 70,663
Accumulated other comprehensive income 5,400 3,644
Total shareholders' equity 139,899 134,120
Total liabilities and shareholders' equity $ 1,414,855 $ 1,154,882