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Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 11,969,000 $ 11,181,000
Money market funds and interest-bearing deposits in other banks 2,942,000 1,244,000
Federal funds sold 165,666,000 65,983,000
Cash and cash equivalents 180,577,000 78,408,000
Securities:    
Held to maturity, at amortized cost - fair value of $125 in 2021 and 2020, respectively 125,000 125,000
Available for sale, at fair value 271,445,000 106,899,000
Other investments 9,426,000 10,874,000
Loans held for sale, at fair value 3,610,000 14,307,000
Loans held for sale, participations 0 44,372,000
Loans held for investment, net of deferred fees and costs 655,831,000 661,329,000
Less: allowance for loan losses (8,431,000) (10,475,000)
Net loans held for investment 647,400,000 650,854,000
Bank premises and equipment, net 17,193,000 17,909,000
Bank premises held for sale 300,000 520,000
Interest receivable 2,579,000 2,727,000
Goodwill 3,082,000 2,884,000
Bank owned life insurance 22,714,000 22,647,000
Other assets 12,208,000 14,404,000
Total assets 1,170,659,000 966,930,000
Liabilities    
Noninterest bearing 268,961,000 236,915,000
Interest bearing 761,331,000 581,667,000
Total deposits 1,030,292,000 818,582,000
Long-term debt 21,764,000 33,202,000
Other liabilities 16,925,000 19,517,000
Total liabilities 1,068,981,000 871,301,000
Commitments and contingencies   0
Stockholders' Equity    
Series A Preferred Stock $25 liquidation preference, 400,000 shares authorized, 205,327 shares issued and outstanding at September 30, 2021 and December 31, 2020 4,558,000 4,558,000
Common stock, $5 par value, 6,000,000 shares authorized, 200,000 designated, 3,211,574 and 3,203,372 shares issued and outstanding at September 30, 2021 and December 31, 2020 16,058,000 16,017,000
Additional paid in capital - common stock 7,113,000 6,866,000
Retained earnings 77,858,000 71,205,000
Accumulated other comprehensive loss (3,909,000) (3,017,000)
Total stockholders' equity 101,678,000 95,629,000
Total liabilities and stockholders' equity $ 1,170,659,000 $ 966,930,000