XML 55 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Cash and cash equivalents:    
Cash and due from banks $ 19,196 $ 17,434
Federal funds sold 89,256 35,882
Interest-bearing deposits with banks 19,364 19,557
Total cash and cash equivalents 127,816 72,873
Investment securities:    
Investment securities available for sale 67,694 74,905
Other investments 6,948 4,121
Total investment securities 74,642 79,026
Mortgage loans held for sale 27,046 9,241
Loans 1,943,525 1,677,332
Less allowance for loan losses (16,642) (15,762)
Loans, net 1,926,883 1,661,570
Bank owned life insurance 40,011 34,010
Property and equipment, net 58,478 32,430
Deferred income taxes, net 4,275 4,020
Other assets 8,044 7,444
Total assets 2,267,195 1,900,614
LIABILITIES    
Deposits 1,876,124 1,648,136
Federal Home Loan Bank advances and other borrowings 110,000 50,000
Subordinated debentures 35,890 13,403
Other liabilities 39,321 15,159
Total liabilities 2,061,335 1,726,698
SHAREHOLDERS' EQUITY    
Preferred stock, par value $.01 per share, 10,000,000 shares authorized
Common stock, par value $.01 per share, 10,000,000 shares authorized, 7,672,678 and 7,466,481 shares issued and outstanding at December 31, 2019 and 2018, respectively 77 75
Nonvested restricted stock (803) (741)
Additional paid-in capital 106,152 102,625
Accumulated other comprehensive loss (298) (917)
Retained earnings 100,732 72,874
Total shareholders' equity 205,860 173,916
Total liabilities and shareholders' equity $ 2,267,195 $ 1,900,614