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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Cash and cash equivalents:    
Cash and due from banks $ 14,916 $ 19,196
Federal funds sold 83,106 89,256
Interest-bearing deposits with banks 64,893 19,364
Total cash and cash equivalents 162,915 127,816
Investment securities:    
Investment securities available for sale 87,991 67,694
Other investments 2,589 6,948
Total investment securities 90,580 74,642
Mortgage loans held for sale 63,823 27,046
Loans 2,078,540 1,943,525
Less allowance for loan losses (42,219) (16,642)
Loans, net 2,036,321 1,926,883
Bank owned life insurance 40,821 40,011
Property and equipment, net 61,386 58,478
Deferred income taxes 6,510 4,275
Other assets 17,055 8,044
Total assets 2,479,411 2,267,195
LIABILITIES    
Deposits 2,181,056 1,876,124
Federal Home Loan Bank advances and other borrowings 110,000
Subordinated debentures 35,971 35,890
Other liabilities 43,635 39,321
Total liabilities 2,260,662 2,061,335
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, 7,737,594 and 7,672,678 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 77 77
Nonvested restricted stock (989) (803)
Additional paid-in capital 108,337 106,152
Accumulated other comprehensive income (loss) 865 (298)
Retained earnings 110,459 100,732
Total shareholders' equity 218,749 205,860
Total liabilities and shareholders' equity $ 2,479,411 $ 2,267,195