Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 7,016	$ 5,061
Interest-bearing deposits	491,603	322,300
Total cash and cash equivalents	498,619	327,361
Securities available-for-sale, at fair value (amortized cost of $590,046 and $546,640 in 2020 and 2019, respectively)	589,017	540,852
Securities held-to-maturity, at amortized cost (fair value of $69,152 and $62,560 in 2020 and 2019, respectively)	68,295	61,878
Loans held-for-sale (includes $38,813 and $56,097 at fair value in 2020 and 2019, respectively)	38,813	56,097
Loans	2,973,674	2,963,547
Allowance for loan losses	(24,465)	(21,840)
Net loans	2,949,209	2,941,707
Accrued interest receivable	21,093	18,607
Federal Home Loan Bank of Indianapolis stock	25,650	25,650
Cash surrender value of bank-owned life insurance	37,474	37,002
Premises and equipment, net	23,939	14,630
Goodwill	4,687	4,687
Servicing asset, at fair value	2,522	2,481
Other real estate owned	2,065	2,065
Accrued income and other assets	63,217	67,066
Total assets	4,324,600	4,100,083
Liabilities and Shareholders’ Equity
Noninterest-bearing deposits	82,864	57,115
Interest-bearing deposits	3,297,925	3,096,848
Total deposits	3,380,789	3,153,963
Advances from Federal Home Loan Bank	514,913	514,910
Subordinated debt, net of unamortized debt issuance costs of $2,319 and $2,472 in 2020 and 2019, respectively	69,681	69,528
Accrued interest payable	1,073	3,767
Accrued expenses and other liabilities	50,433	53,002
Total liabilities	4,016,889	3,795,170
Commitments and Contingencies
Shareholders’ Equity
Preferred stock, no par value; 4,913,779 shares authorized; issued and outstanding - none	0	0
Retained earnings	108,431	99,681
Accumulated other comprehensive loss	(21,138)	(14,191)
Total shareholders’ equity	307,711	304,913
Total liabilities and shareholders’ equity	4,324,600	4,100,083
Voting Common Stock
Shareholders’ Equity
Common stock	220,418	219,423
Nonvoting Common Stock
Shareholders’ Equity
Common stock	$ 0	$ 0