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Consolidated Balance Sheets - (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 351,194 $ 405,340
Federal funds sold 10,811 4,258
Cash and cash equivalents 362,005 409,598
Investment securities    
Marketable equity securities, at fair value 2,178 2,207
Available for sale investment securities, at fair value 83,218 88,605
Held to maturity investment securities, at amortized cost (fair values of $18,550 and $20,032 at March 31, 2021 and December 31, 2020, respectively) 16,225 16,078
Total investment securities 101,621 106,890
Loans receivable (net of allowance for loan losses of $20,545 at March 31, 2021 and $21,009 at December 31, 2020) 1,650,127 1,601,672
Accrued interest receivable 7,306 6,579
Federal Home Loan Bank stock, at cost 6,446 7,860
Premises and equipment, net 33,386 21,762
Bank-owned life insurance 42,881 42,651
Goodwill 2,589 2,589
Other intangible assets 67 76
Deferred income taxes, net 8,908 11,300
Other assets 29,131 42,770
Total assets 2,244,467 2,253,747
Deposits    
Noninterest bearing deposits 280,947 270,235
Interest bearing deposits 1,578,861 1,557,081
Total deposits 1,859,808 1,827,316
Advances from the Federal Home Loan Bank 125,000 175,000
Subordinated debentures ($25,500 face, less unamortized debt issuance costs of $229 and $242 at March 31, 2021 and December 31, 2020, respectively) 25,271 25,258
Accrued expenses and other liabilities 46,445 49,571
Total liabilities 2,056,524 2,077,145
Commitments and contingencies
Shareholders' equity    
Common stock, no par value; 10,000,000 shares authorized, 7,908,630 and 7,919,278 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 120,398 121,338
Retained earnings 75,418 70,839
Accumulated other comprehensive loss (7,873) (15,575)
Total shareholders' equity 187,943 176,602
Total liabilities and shareholders' equity $ 2,244,467 $ 2,253,747