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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 31,096 $ 20,518
Interest bearing deposits in other banks 54,714 74,906
Investment securities available for sale, at fair value 268,959 276,138
Marketable equity securities 7,609 7,945
Investment in Federal Home Loan Bank stock 3,312 2,138
Loans held for sale 86,258 67,834
Loans 1,081,873 1,043,371
Allowance for loan losses (21,017) (19,088)
Net loans 1,060,856 1,024,283
Purchased receivables, net 23,670 24,373
Mortgage servicing rights, at fair value 11,653 11,920
Other real estate owned, net 7,205 7,043
Premises and equipment, net 39,293 38,422
Operating lease right-of-use asset 13,757 14,306
Goodwill 15,017 15,017
Other intangible assets, net 1,065 1,077
Other assets 66,798 58,076
Total assets 1,691,262 1,643,996
Deposits:    
Demand 453,003 451,896
Interest-bearing demand 333,352 320,264
Savings 228,383 229,918
Money market 207,418 205,801
Certificates of deposit less than $250,000 94,255 90,702
Certificates of deposit $250,000 and greater 79,081 73,770
Total deposits 1,395,492 1,372,351
Borrowings 36,877 8,891
Junior subordinated debentures 10,310 10,310
Operating lease liability 13,685 14,229
Other liabilities 37,175 31,098
Total liabilities 1,493,539 1,436,879
SHAREHOLDERS' EQUITY    
Preferred stock, $1 par value, 2,500,000 shares authorized, none issued or outstanding 0 0
Common stock, $1 par value, 10,000,000 shares authorized, 6,366,100 and 6,558,809 issued and outstanding at March 31, 2020 and December 31, 2019, respectively 6,366 6,559
Additional paid-in capital 44,776 50,512
Retained earnings 148,286 149,615
Accumulated other comprehensive (loss) income, net of tax (1,705) 431
Total shareholders' equity 197,723 207,117
Total liabilities and shareholders' equity $ 1,691,262 $ 1,643,996