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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Cash and cash equivalents:    
Cash and due from banks $ 40,636 $ 39,927
Interest-earning deposits 213,146 23,867
Total cash and cash equivalents 253,782 63,794
Investments:    
Debt securities at fair value 582,303 504,788
Equity securities at fair value 746 467
Total investment securities at fair value 583,049 505,255
Federal Home Loan Bank ("FHLB") stock 1,905 4,484
Loans held for sale 371 601
Loans:    
Total loans 3,073,860 2,565,459
Allowance for loan losses (44,565) (33,614)
Net loans 3,029,295 2,531,845
Premises and equipment, net 46,708 45,419
Lease right-of-use asset 18,439 19,048
Accrued interest receivable 16,079 12,295
Deferred income taxes, net 11,290 8,732
Bank-owned life insurance 31,363 30,776
Prepaid income taxes 2,449 572
Prepaid expenses and other assets 13,938 6,572
Goodwill 5,656 5,656
Total assets 4,014,324 3,235,049
Deposits:    
Customer deposits 3,476,268 2,786,730
Brokered deposits [1] 74,995 0
Total deposits 3,551,263 2,786,730
Borrowed funds 4,774 96,173
Subordinated debt 73,744 14,872
Lease liability 17,539 18,104
Accrued expenses and other liabilities 30,638 21,683
Accrued interest payable 1,940 846
Total liabilities 3,679,898 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; 11,937,795 shares issued and outstanding at December 31, 2020 and 11,825,331 shares issued and outstanding at December 31, 2019 119 118
Additional paid-in capital 97,137 94,170
Retained earnings 214,977 191,843
Accumulated other comprehensive income 22,193 10,510
Total stockholders' equity 334,426 296,641
Total liabilities and stockholders' equity $ 4,014,324 $ 3,235,049
[1] Brokered CDs which are individually $250,000 and under