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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Assets    
Loans $ 2,162,012 $ 2,085,901
Less: Allowance for loan losses (30,281) (28,726)
Net loans 2,131,731 2,057,175
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) 407,224 421,145
Loans held for sale 22,183 18,179
Interest bearing deposits 134,460 126,827
Restricted equity securities 4,680 4,680
Federal funds sold 25,975 20,000
Total earning assets 2,726,253 2,648,006
Cash and due from banks 16,782 12,943
Bank premises and equipment, net 59,762 60,295
Accrued interest receivable 7,027 5,945
Deferred income tax asset 4,730 6,136
Other real estate 697 697
Bank owned life insurance 31,945 31,762
Other assets 25,042 23,620
Goodwill 4,805 4,805
Total assets 2,877,043 2,794,209
Liabilities and Stockholders’ Equity    
Deposits 2,485,537 2,417,605
Federal Home Loan Bank advances 20,808 23,613
Accrued interest and other liabilities 21,701 16,007
Total liabilities 2,528,046 2,457,225
Stockholders’ equity:    
Common stock, $2.00 par value; authorized 50,000,000 shares, issued and outstanding 10,891,672 and 10,792,999 shares, respectively 21,783 21,586
Additional paid-in capital 87,407 82,249
Retained earnings 235,011 232,456
Net unrealized gains on available-for-sale securities, net of income taxes of $1,697 and $245, respectively 4,796 693
Total stockholders’ equity 348,997 336,984
Total liabilities and stockholders’ equity $ 2,877,043 $ 2,794,209