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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 35,490 $ 39,907
Federal funds sold 104,375 45,246
Interest-bearing deposits 51,129 5,561
Total cash and cash equivalents 190,994 90,714
Securities available for sale 376,381 212,716
Securities held to maturity 0 155,458
Loans held for sale 7,194 2,368
Loans, net of allowance for credit losses of $34,119 and $16,202, respectively 1,919,201 1,690,794
Accrued interest receivable 11,864 9,151
Premises and equipment, net 55,251 53,431
Other real estate owned 402 603
Cash surrender value of life insurance 34,920 34,495
Core deposit intangible, net 3,426 3,853
Goodwill 32,160 32,160
Other assets 35,402 32,701
Total assets 2,667,195 2,318,444
Deposits    
Noninterest-bearing 772,179 525,865
Interest-bearing 1,469,847 1,430,939
Total deposits 2,242,026 1,956,804
Securities sold under agreements to repurchase 17,414 11,100
Accrued interest and other liabilities 25,960 23,061
Line of credit 2,000  
Federal Home Loan Bank advances 100,610 55,118
Subordinated debentures 20,310 10,810
Total liabilities 2,408,320 2,056,893
Commitments and contingencies (see Note 11)
Shareholders' equity    
Preferred stock, $5.00 par value, 15,000,000 shares authorized, no shares issued 0 0
Common stock, $1.00 par value, 50,000,000 shares authorized, 12,908,097 and 12,905,097 shares issued, and 11,013,804 and 11,547,443 shares outstanding, respectively 12,908 12,905
Additional paid-in capital 187,073 186,692
Retained earnings 97,788 98,239
Treasury stock, 1,894,293 and 1,357,654 shares at cost (47,969) (34,492)
Accumulated other comprehensive income (loss) 9,075 (1,793)
Total shareholders' equity 258,875 261,551
Total liabilities and shareholders' equity $ 2,667,195 $ 2,318,444