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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from financial institutions $ 48,535 $ 42,779
Securities available for sale 358,499 346,294
Equity securities 1,191 1,070
Loans held for sale 2,285 1,391
Loans, net of allowance of $14,767 and $13,679 1,694,203 1,548,262
Other securities 20,280 21,021
Premises and equipment, net 22,871 22,021
Accrued interest receivable 7,093 6,723
Goodwill 76,851 76,851
Other intangible assets 8,305 9,352
Bank owned life insurance 44,999 43,037
Other assets 24,445 20,153
Total assets 2,309,557 2,138,954
Deposits    
Noninterest-bearing 512,553 468,083
Interest-bearing 1,166,211 1,111,810
Total deposits 1,678,764 1,579,893
Federal Home Loan Bank advances 226,500 193,600
Securities sold under agreements to repurchase 18,674 22,199
Subordinated debentures 29,427 29,427
Accrued expenses and other liabilities 26,066 14,937
Total liabilities 1,979,431 1,840,056
SHAREHOLDERS’ EQUITY    
Preferred stock, no par value, 200,000 shares of Series B Preferred stock, $1,000 liquidation preference, authorized, 10,120 shares issued at December 31, 2018, net of issuance costs   9,364
Common stock, no par value, 20,000,000 shares authorized, 17,623,706 shares issued at December 31, 2019 and 16,351,463 shares issued at December 31, 2018 276,422 266,901
Accumulated earnings 67,974 41,320
Treasury stock, 936,164 common shares at December 31, 2019 and 747,964 common shares at December 31, 2018, at cost (21,144) (17,235)
Accumulated other comprehensive income (loss) 6,874 (1,452)
Total shareholders’ equity 330,126 298,898
Total liabilities and shareholders’ equity $ 2,309,557 $ 2,138,954