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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 15,820 $ 13,694
Investment securities available-for-sale, at fair value 299,530 362,998
Bank stocks, at cost 4,459 3,109
Loans, net of allowance for loans losses of $8,366 at September 30, 2020 and $6,467 at December 31, 2019 728,150 532,180
Loans held for sale, at fair value 18,253 8,497
Premises and equipment, net 20,617 21,133
Bank owned life insurance 25,269 24,809
Goodwill 17,532 17,532
Other intangible assets, net 3,578 2,829
Real estate owned, net 1,488 290
Accrued interest and other assets 14,246 11,394
Total assets 1,148,942 998,465
Deposits:    
Non-interest-bearing demand 272,864 182,717
Money market and checking 437,056 405,746
Savings 120,424 99,522
Time 127,598 147,063
Total deposits 957,942 835,048
Federal Home Loan Bank borrowings 20,069 3,000
Subordinated debentures 21,651 21,651
Other borrowings 8,400 17,548
Accrued interest, taxes, and other liabilities 19,010 12,611
Total liabilities 1,027,072 889,858
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value per share, 200,000 shares authorized; none issued
Common stock, $0.01 par value per share, 7,500,000 shares authorized; 4,617,882 and 4,597,396 shares issued at September 30, 2020 and December 31, 2019, respectively 46 46
Additional paid-in capital 69,303 69,029
Retained earnings 45,462 34,293
Treasury stock, at cost: 106,894 and 0 shares at September 30, 2020 and December 31, 2019, respectively (2,349)
Accumulated other comprehensive income 9,408 5,239
Total stockholders’ equity 121,870 108,607
Total liabilities and stockholders’ equity $ 1,148,942 $ 998,465