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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 59,283,000 $ 53,262,000
Interest-earning deposits 495,308,000 180,469,000
Total cash and cash equivalents 554,591,000 233,731,000
Securities available for sale 312,424,000 334,655,000
Federal Home Loan Bank stock 18,002,000 18,002,000
Loans 3,350,544,000 2,856,667,000
Allowance for loan losses (35,572,000) (23,889,000)
Loans, net 3,314,972,000 2,832,778,000
Premises and equipment, net 60,446,000 57,327,000
Bank owned life insurance 71,170,000 70,297,000
Goodwill 49,473,000 49,473,000
Core deposit intangible, net 2,754,000 3,840,000
Other assets 36,778,000 32,812,000
Total assets 4,420,610,000 3,632,915,000
LIABILITIES AND SHAREHOLDERS' EQUITY    
Noninterest-bearing 1,449,879,000 924,916,000
Interest-bearing 1,922,155,000 1,765,468,000
Total deposits 3,372,034,000 2,690,384,000
Securities sold under agreements to repurchase 157,017,000 102,675,000
Federal Home Loan Bank advances 394,000,000 354,000,000
Subordinated debentures 47,392,000 46,881,000
Accrued interest and other liabilities 18,267,000 22,414,000
Total liabilities 3,988,710,000 3,216,354,000
Commitments and contingent liabilities (Note 8)
Shareholders' equity    
Preferred stock, no par value; 1,000,000 shares authorized; none issued 0 0
Common stock, no par value; 40,000,000 shares authorized; 16,243,124 shares issued and outstanding at September 30, 2020 and 16,425,136 shares issued and outstanding at December 31, 2019 301,896,000 305,035,000
Retained earnings 124,451,000 107,831,000
Accumulated other comprehensive gain/(loss) 5,553,000 3,695,000
Total shareholders’ equity 431,900,000 416,561,000
Total liabilities and shareholders’ equity $ 4,420,610,000 $ 3,632,915,000