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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 15,570 $ 10,377
Fed Funds sold and interest-bearing deposits in banks 88,522 49,779
Cash and cash equivalents 104,092 60,156
Investment securities available for sale, at fair value 347,332 353,066
Other investments, at cost 4,288 2,978
Loans held for sale 10,076
Loans 968,814 781,526
Allowance for loan losses (6,863) (7,277)
Net loans 961,951 774,249
Premises and equipment 32,482 28,831
Other real estate owned 1,320 1,841
Goodwill 16,477 202
Other intangible assets 3,056 556
Bank-owned life insurance 21,629 17,598
Deferred income taxes, net 1,505 3,472
Other assets 11,105 8,929
Total assets 1,515,313 1,251,878
Liabilities and stockholders’ equity    
Noninterest-bearing 232,635 192,847
Interest-bearing 1,061,107 892,278
Total deposits 1,293,742 1,085,125
Subordinated debentures 24,229 24,229
Other borrowed money 61,563 44,000
Other liabilities 5,273 2,832
Total liabilities 1,384,807 1,156,186
Commitments and Contingencies (Note 16)
Stockholders’ equity    
Preferred stock, stated value $1,000; 10,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2019 and 2018
Common stock, par value $1; 20,000,000 shares authorized, 9,498,783 and 8,444,908 shares issued and outstanding as of December 31, 2019 and 2018, respectively 9,499 8,445
Paid-in capital 43,667 25,978
Retained earnings 76,978 69,459
Accumulated other comprehensive income/(loss), net of tax 362 (8,190)
Total stockholders’ equity 130,506 95,692
Total liabilities and stockholders’ equity $ 1,515,313 $ 1,251,878