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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 31,284,000 $ 25,746,000
Interest-bearing balances with other financial institutions 1,541,000 4,657,000
Federal funds sold 270,899,000 108,627,000
Total cash and cash equivalents 303,724,000 139,030,000
Investment securities held to maturity, at amortized cost (fair value $132,794 and $137,476) 128,292,000 136,477,000
Investment securities available for sale, at fair value 5,748,000 37,009,000
Equity securities available for sale, at fair value 515,000 507,000
Loans held for sale 25,506,000 8,422,000
Loans and leases, net of unearned interest 2,384,041,000 1,762,756,000
Less: Allowance for loan and lease losses (13,382,000) (9,515,000)
Net loans and leases 2,370,659,000 1,753,241,000
Bank premises and equipment, net 24,886,000 24,937,000
Operating lease right of use asset 10,157,000 11,442,000
Finance lease right of use asset 3,267,000 3,447,000
Cash surrender value of life insurance 17,183,000 16,881,000
Restricted investment in bank stocks 7,594,000 4,902,000
Accrued interest receivable 12,971,000 7,964,000
Deferred income taxes 3,619,000 2,810,000
Goodwill 62,840,000 62,840,000
Core deposit and other intangibles, net 4,360,000 5,758,000
Foreclosed assets held for sale 134,000 196,000
Other assets 17,493,000 15,312,000
Total Assets 2,998,948,000 2,231,175,000
LIABILITIES & SHAREHOLDERS’ EQUITY    
Deposits: Noninterest-bearing demand 536,224,000 310,036,000
Deposits: Interest-bearing demand 605,567,000 458,451,000
Deposits: Money Market 720,506,000 488,748,000
Deposits: Savings 195,038,000 177,737,000
Deposits: Time 417,245,000 477,422,000
Total Deposits 2,474,580,000 1,912,394,000
Short-term borrowings 125,617,000  
Long-term debt 75,115,000 32,903,000
Subordinated debt 44,580,000 27,070,000
Operating lease liability 11,200,000 12,544,000
Accrued interest payable 2,007,000 2,208,000
Other liabilities 10,161,000 6,182,000
Total Liabilities 2,743,260,000 1,993,301,000
Shareholders' Equity:    
Common stock, par value $1.00; 20,000,000 shares authorized Shares issued: 8,511,835 and 8,480,938 at December 31, 2020 and December 31, 2019; Shares outstanding: 8,419,183 and 8,480,938 at December 31, 2020 and December 31, 2019 8,512,000 8,481,000
Additional paid-in capital 178,853,000 178,159,000
Retained earnings 70,175,000 50,891,000
Accumulated other comprehensive income (loss) (57,000) 343,000
Treasury Stock, at cost; 92,652 shares at December 31, 2020 (1,795,000)  
Total Shareholders’ Equity 255,688,000 237,874,000
Total Liabilities and Shareholders' Equity $ 2,998,948,000 $ 2,231,175,000