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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Cash and non-interest-bearing deposits in other banks    
Cash and non-interest-bearing deposits in other banks $ 34,985 $ 27,291
Due from Federal Reserve Bank ("FRB") 194,556 191,704
Cash and cash equivalents 229,541 218,995
Investment securities (at fair value)    
Available-for-sale ("AFS") securities 92,877 76,312
Marketable equity securities 3,862 3,776
Total investment securities 96,739 80,088
Loans    
Loans 649,654 597,374
Unearned fees and unamortized loan origination costs - net (1,004) (820)
Allowance for credit losses (8,862) (7,908)
Net loans 639,788 588,646
Premises and equipment - net 9,441 9,380
Accrued interest receivable 9,146 8,208
Other real estate owned 5,018 6,753
Goodwill 4,488 4,488
Deferred tax assets - net 2,574 3,191
Cash surrender value of life insurance 20,279 20,955
Operating lease right-of-use assets 3,065 3,360
Other assets 11,294 12,855
Total assets 1,031,373 956,919
Deposits    
Non-interest-bearing 362,010 311,950
Interest-bearing 531,102 506,412
Total deposits 893,112 818,362
Accrued interest payable 36 59
Operating lease liabilities 3,168 3,463
Other liabilities 7,826 8,239
Junior subordinated debentures (at fair value) 9,771 10,808
Total liabilities 913,913 840,931
Shareholders' Equity    
Common stock, no par value; 20,000,000 shares authorized; issued and outstanding: 16,977,239 at June 30, 2020 and 16,973,885 at December 31, 2019 59,181 58,973
Retained earnings 58,680 57,647
Accumulated other comprehensive loss (401) (632)
Total shareholders' equity 117,460 [1] 115,988
Total liabilities and shareholders' equity $ 1,031,373 $ 956,919
[1] Excludes 44,568 unvested restricted shares