XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from financial institutions $ 194,773 $ 48,535
Securities available for sale 365,874 358,499
Equity securities 817 1,191
Loans held for sale 13,256 2,285
Loans, net of allowance of $22,637 and $14,767 2,018,303 1,694,203
Other securities 20,537 20,280
Premises and equipment, net 22,958 22,871
Accrued interest receivable 10,227 7,093
Goodwill 76,851 76,851
Other intangible assets 8,045 8,305
Bank owned life insurance 45,732 44,999
Swap assets 24,727 8,918
Other assets 15,893 15,527
Total assets 2,817,993 2,309,557
Deposits    
Noninterest-bearing 660,120 512,553
Interest-bearing 1,408,649 1,166,211
Total deposits 2,068,769 1,678,764
Short-term Federal Home Loan Bank advances   101,500
Long-term Federal Home Loan Bank advances 125,000 125,000
Securities sold under agreements to repurchase 25,813 18,674
Other borrowings 183,695  
Subordinated debentures 29,427 29,427
Swap liabilities 24,727 8,918
Accrued expenses and other liabilities 18,507 17,148
Total liabilities 2,475,938 1,979,431
SHAREHOLDERS’ EQUITY    
Common shares, no par value, 20,000,000 shares authorized, 17,664,951 shares issued at September 30, 2020 and 17,623,706 shares issued at December 31, 2019 276,940 276,422
Retained earnings 84,628 67,974
Treasury shares, 1,719,472 common shares at September 30, 2020 and 936,164 common shares at December 31, 2019, at cost (33,900) (21,144)
Accumulated other comprehensive income 14,387 6,874
Total shareholders’ equity 342,055 330,126
Total liabilities and shareholders’ equity $ 2,817,993 $ 2,309,557