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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 84,818 $ 13,694
Investment securities available-for-sale, at fair value 297,270 362,998
Bank stocks, at cost 4,473 3,109
Loans, net of allowance for loans losses of $8,775 and $6,467 702,782 532,180
Loans held for sale, at fair value 15,533 8,497
Premises and equipment, net 20,493 21,133
Bank owned life insurance 25,420 24,809
Goodwill 17,532 17,532
Other intangible assets, net 206 383
Mortgage servicing rights 3,726 2,446
Real estate owned, net 1,774 290
Accrued interest and other assets 14,000 11,394
Total assets 1,188,027 998,465
Deposits:    
Non-interest bearing demand 264,878 182,717
Money market and checking 491,275 405,746
Savings 126,124 99,522
Time 133,750 147,063
Total deposits 1,016,027 835,048
Federal Home Loan Bank borrowings 3,000
Subordinated debentures 21,651 21,651
Other borrowings 6,371 17,548
Accrued interest and other liabilities 17,306 12,611
Total liabilities 1,061,355 889,858
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par, 200,000 shares authorized; none issued
Common stock, $0.01 par, 7,500,000 shares authorized; 4,750,838 and 4,827,266 shares issued and outstanding at December 31, 2020 and 2019, respectively 48 46
Additional paid-in capital 72,230 69,029
Retained earnings 44,947 34,293
Accumulated other comprehensive income 9,447 5,239
Total stockholders’ equity 126,672 108,607
Total liabilities and stockholders’ equity $ 1,188,027 $ 998,465