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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Loans $ 2,288,195 $ 2,085,901
Less: Allowance for loan losses (35,441) (28,726)
Net loans 2,252,754 2,057,175
Available-for-sale, at market (amortized cost $565,109 and $420,207, respectively) 575,003 421,145
Loans held for sale 36,606 18,179
Interest bearing deposits 220,311 126,827
Restricted equity securities 5,089 4,680
Federal funds sold 675 20,000
Total earning assets 3,090,438 2,648,006
Cash and due from banks 24,871 12,943
Bank premises and equipment, net 58,870 60,295
Accrued interest receivable 7,985 5,945
Deferred income tax asset 4,697 6,136
Other real estate 1,030 697
Bank owned life insurance 34,979 31,762
Other assets 28,959 23,620
Goodwill 4,805 4,805
Total assets 3,256,634 2,794,209
Liabilities and Stockholders’ Equity    
Deposits 2,833,582 2,417,605
Federal Home Loan Bank advances 17,183 23,613
Accrued interest and other liabilities 34,978 16,007
Total liabilities 2,885,743 2,457,225
Stockholders’ equity:    
Common stock, $2.00 par value; authorized 50,000,000 shares, issued and outstanding 10,984,000 and 10,792,999 shares, respectively 21,968 21,586
Additional paid-in capital 92,582 82,249
Retained earnings 249,033 232,456
Net unrealized gains on available-for-sale securities, net of income taxes of $2,586 and $245, respectively 7,308 693
Total stockholders’ equity 370,891 336,984
Total liabilities and stockholders’ equity $ 3,256,634 $ 2,794,209