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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS:    
Cash and due from banks $ 18,520 $ 17,019
Interest-bearing demand deposits 24,216 3,746
Total cash and cash equivalents 42,736 20,765
Investment securities:    
Equity securities with a readily determinable fair value, at fair value 2,163 2,312
Equity securities without a readily determinable fair value, at cost 2,099 2,099
Debt securities, available-for-sale, at fair value 153,529 178,000
Debt securities, held-to-maturity, at cost 27,237 27,525
Federal Reserve Bank stock, at cost 4,652 4,652
Federal Home Loan Bank stock, at cost 5,203 5,203
Loans, net 1,330,422 1,239,406
Premises and equipment, net 35,383 34,787
Operating Lease, Right-of-Use Asset 5,532 5,444
Goodwill 59,221 59,221
Core deposit and other intangibles, net 3,558 4,006
Bank owned life insurance 41,596 41,667
Other assets 13,786 10,295
TOTAL ASSETS 1,735,332 1,639,308
Deposits:    
Noninterest-bearing 431,697 354,391
Interest-bearing 1,007,224 993,889
Total deposits 1,438,921 1,348,280
Long-term debt 33,998 40,994
Operating Lease, Liability 5,558 5,446
Accrued interest and other liabilities 19,808 16,540
TOTAL LIABILITIES 1,498,285 1,411,260
COMMITMENTS AND CONTINGENT LIABILITIES 0 0
SHAREHOLDERS' EQUITY:    
Preferred shares – no par value, authorized 1,000,000 shares, none outstanding 0 0
Common shares – no par value; authorized 19,000,000 shares; issued 14,150,906 and 14,111,810 shares at June 30, 2020 and December 31, 2019, respectively; outstanding 12,975,879 and 12,936,783 shares at June 30, 2020 and December 31, 2019, respectively 142,181 141,791
Retained earnings 109,845 104,431
Treasury shares at cost, 1,175,027 shares at June 30, 2020 and December 31, 2019 (18,847) (18,847)
Accumulated other comprehensive income, net of taxes 3,868 673
TOTAL SHAREHOLDERS' EQUITY 237,047 228,048
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 1,735,332 1,639,308
Accrued interest receivable $ 8,215 $ 3,926