Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 8,811	$ 2,547
Interest-earning deposits	11,244	12,295
Total cash and cash equivalents	20,055	14,842
Investment securities
Available for sale, at fair value	135,123	155,782
Held to maturity (fair value of $90,735 and $78,223 at September 30, 2020 and December 31, 2019, respectively)	87,811	76,620
Total investment securities	222,934	232,402
Loans held for sale	28,196	5,927
Loans	1,455,684	1,216,028
Less: allowance for loan losses	(14,450)	(9,271)
Net loans	1,441,234	1,206,757
Premises and equipment, net	14,503	15,262
Right-of-use assets	16,910	17,957
Accrued interest receivable	5,689	4,945
Bank-owned life insurance	37,131	36,678
Other real estate owned	267	571
Goodwill and intangible assets	36,471	36,779
Other assets	20,640	14,142
Total assets	1,844,030	1,586,262
Deposits
Non-interest bearing	426,528	287,555
Interest bearing	1,084,505	989,807
Total deposits	1,511,033	1,277,362
Short-term borrowings	105,867	92,050
Redeemable subordinated debentures	18,557	18,557
Accrued interest payable	1,069	1,592
Lease liability	17,714	18,617
Accrued expenses and other liabilities	7,783	7,506
Total liabilities	1,662,023	1,415,684
SHAREHOLDERS' EQUITY
Preferred stock, no par value; 5,000,000 shares authorized; none issued	0	0
Common stock, no par value; 30,000,000 shares authorized; 10,285,229 and 10,224,974 shares issued and 10,237,520 and 10,191,676 shares outstanding as of September 30, 2020 and December 31, 2019, respectively	110,825	109,964
Retained earnings	70,058	60,791
Treasury stock, 47,709 and 33,298 shares at September 30, 2020 and December 31, 2019, respectively	(611)	(368)
Accumulated other comprehensive income	1,735	191
Total shareholders' equity	182,007	170,578
Total liabilities and shareholders' equity	$ 1,844,030	$ 1,586,262