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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Cash and cash equivalents:    
Cash and due from banks $ 32,833 $ 39,927
Interest-earning deposits 42,024 23,867
Total cash and cash equivalents 74,857 63,794
Investments:    
Debt securities at fair value 505,671 504,788
Equity securities at fair value 588 467
Total investment securities at fair value 506,259 505,255
Federal Home Loan Bank (FHLB) stock 5,624 4,484
Loans held for sale 476 601
Loans, less allowance for loan losses of $39,764 at March 31, 2020 and $33,614 at December 31, 2019 2,644,163 2,531,845
Premises and equipment, net 46,734 45,419
Lease right-of-use asset 18,893 19,048
Accrued interest receivable 12,977 12,295
Deferred income taxes, net 9,045 8,732
Bank-owned life insurance 30,929 30,776
Prepaid income taxes 1,005 572
Prepaid expenses and other assets 10,535 6,572
Goodwill 5,656 5,656
Total assets 3,367,153 3,235,049
Liabilities    
Deposits 2,912,850 2,786,730
Borrowed funds 84,169 96,173
Subordinated debt 14,876 14,872
Lease liability 17,968 18,104
Accrued expenses and other liabilities 31,756 21,683
Accrued interest payable 897 846
Total liabilities 3,062,516 2,938,408
Commitments and Contingencies
Stockholders' Equity    
Preferred stock, $0.01 par value per share; 1,000,000 shares authorized; no shares issued 0 0
Common stock, $0.01 par value per share; 40,000,000 shares authorized; 11,897,322 shares issued and outstanding at March 31, 2020 and 11,825,331 shares issued and outstanding at December 31, 2019 119 118
Additional paid-in capital 94,920 94,170
Retained earnings 193,791 191,843
Accumulated other comprehensive income 15,807 10,510
Total stockholders' equity 304,637 296,641
Total liabilities and stockholders' equity $ 3,367,153 $ 3,235,049