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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and due from financial institutions $ 256,023 $ 48,535
Securities available for sale 365,886 358,499
Equity securities 803 1,191
Loans held for sale 7,632 2,285
Loans, net of allowance of $16,948 and $14,767 1,726,177 1,694,203
Other securities 20,280 20,280
Premises and equipment, net 22,443 22,871
Accrued interest receivable 7,220 7,093
Goodwill 76,851 76,851
Other intangible assets 8,068 8,305
Bank owned life insurance 45,249 44,999
Other assets 39,224 24,445
Total assets 2,575,856 2,309,557
Deposits    
Noninterest-bearing 811,976 512,553
Interest-bearing 1,179,963 1,166,211
Total deposits 1,991,939 1,678,764
Short-term Federal Home Loan Bank advances 17,000 101,500
Securities sold under agreements to repurchase 22,699 18,674
Other borrowings 125,000 125,000
Subordinated debentures 29,427 29,427
Accrued expenses and other liabilities 61,624 26,066
Total liabilities 2,247,689 1,979,431
SHAREHOLDERS’ EQUITY    
Common shares, no par value, 20,000,000 shares authorized, 17,650,685 shares issued at March 31, 2020 and 17,623,706 shares issued at December 31, 2019 276,546 276,422
Retained earnings 73,972 67,974
Treasury shares, 1,586,675 common shares at March 31, 2020 and 936,164 common shares at December 31, 2019, at cost (32,239) (21,144)
Accumulated other comprehensive income 9,888 6,874
Total shareholders’ equity 328,167 330,126
Total liabilities and shareholders’ equity $ 2,575,856 $ 2,309,557