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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 11,768 $ 3,270
Interest-bearing deposits with other banks 14,910 8,376
Cash and cash equivalents 26,678 11,646
Interest bearing time deposits with other banks 200 100
Securities available for sale, at fair value 182,139 98,730
Securities held to maturity, at amortized cost (fair value of $4,152 and $5,430 at December 31, 2018 and December 31, 2017, respectively) 4,078 5,304
Other Bank Stock, at cost 11,764 4,925
Loans receivable, net of unearned income 1,474,775 820,700
Less: allowance for loan losses 8,775 7,335
Net loans receivable 1,466,000 813,365
Foreclosed real estate 4,149 2,275
Premises and equipment, net 19,215 8,389
Accrued interest receivable 6,546 2,472
Goodwill and intangible assets 29,446 2,820
Bank-owned life insurance 35,778 22,054
Other assets 9,710 7,303
Total Assets 1,795,703 979,383
Deposits:    
Non-interest bearing 259,807 146,167
Interest bearing 1,094,132 616,324
Total deposits 1,353,939 762,491
Short-term borrowings 175,295 55,350
Long-term borrowings 44,611 35,000
Accrued interest payable and other liabilities 8,555 4,501
Subordinated debentures 27,859 27,848
Total Liabilities 1,610,259 885,190
Stockholders' Equity:    
Preferred stock, no par value, 1,000,000 shares authorized; none issued 0 0
Common stock, no par value, 10,000,000 shares authorized; 9,532,943 and 6,040,564 shares issued and 9,532,943 and 6,040,564 shares outstanding at December 31, 2018 and December 31, 2017, respectively 150,419 65,274
Deferred Compensation obligation under Rabbi Trust 1,647 1,399
Retained earnings 35,192 27,532
Accumulated other comprehensive (loss) income (167) 1,387
Stock held by Rabbi Trust (1,647) (1,399)
Total Stockholders' Equity 185,444 94,193
Total Liabilities and Stockholders' Equity $ 1,795,703 $ 979,383