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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 49,445 $ 37,808
Federal funds sold 16,398 15,482
Cash and cash equivalents 65,843 53,290
Investment securities available for sale, at fair value 374,387 398,578
Federal Home Loan Bank stock, at cost 11,905 12,491
Loans 2,247,425 1,941,663
Allowance for loan losses (25,403) (17,235)
Loans, net 2,222,022 1,924,428
Premises and equipment, net 28,099 29,680
Accrued interest receivable 11,071 7,134
Bank-owned life insurance 42,520 34,893
Deferred tax assets, net 10,809 5,361
Other assets 9,227 7,836
Total assets 2,775,883 2,473,691
Deposits:    
Noninterest-bearing demand 619,346 380,079
Interest-bearing demand 363,430 346,307
Savings 1,130,582 996,836
Time of $250 or more 54,241 81,871
Other time 129,181 209,663
Total deposits 2,296,780 2,014,756
Federal funds purchased 2,350 2,660
Subordinated notes, net 20,448 20,438
Federal Home Loan Bank advances, net 175,000 179,365
Long-term debt 22,213 22,925
Accrued expenses and other liabilities 43,772 21,727
Total liabilities 2,560,563 2,261,871
COMMITMENTS AND CONTINGENCIES (NOTE 8)
STOCKHOLDERS' EQUITY    
Preferred stock, $0.01 par value; authorized 50,000,000 shares; no shares issued and outstanding at September 30, 2020 and December 31, 2019 0 0
Common stock, no par value; authorized 50,000,000 shares; 16,469,272 and 16,379,752 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 3,000 3,000
Additional paid-in capital 28,227 27,260
Retained earnings 198,622 184,821
Accumulated other comprehensive loss (14,529) (3,261)
Total stockholders' equity 215,320 211,820
Total liabilities and stockholders' equity $ 2,775,883 $ 2,473,691
Preferred stock, par value ($ per share) $ 0.01 $ 0.01
Preferred stock, shares authorized 50,000,000 50,000,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Common Stock, No Par Value $ 0 $ 0
Common stock, shares authorized 50,000,000 50,000,000
Common stock, shares issued 16,469,272 16,379,752
Common stock, shares outstanding 16,469,272 16,379,752