XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 34,331 $ 20,518
Interest bearing deposits in other banks 55,081 74,906
Investment securities available for sale, at fair value 202,347 276,138
Marketable equity securities 7,758 7,945
Investment in Federal Home Loan Bank stock 2,428 2,138
Loans held for sale 133,975 67,834
Loans 1,433,201 1,043,371
Allowance for loan losses (20,653) (19,088)
Net loans 1,412,548 1,024,283
Purchased receivables, net 11,549 24,373
Mortgage servicing rights, at fair value 10,721 11,920
Other real estate owned, net 7,205 7,043
Premises and equipment, net 39,055 38,422
Operating lease right-of-use asset 13,189 14,306
Goodwill 15,017 15,017
Other intangible assets, net 1,053 1,077
Other assets 70,448 58,076
Total assets 2,016,705 1,643,996
Deposits:    
Demand 680,033 451,896
Interest-bearing demand 400,138 320,264
Savings 261,934 229,918
Money market 215,735 205,801
Certificates of deposit less than $250,000 95,587 90,702
Certificates of deposit $250,000 and greater 83,932 73,770
Total deposits 1,737,359 1,372,351
Borrowings 11,754 8,891
Junior subordinated debentures 10,310 10,310
Operating lease liability 13,121 14,229
Other liabilities 37,238 31,098
Total liabilities 1,809,782 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, 6,368,046 and 6,558,809 issued and outstanding at June 30, 2020 and December 31, 2019, respectively 6,368 6,559
Additional paid-in capital 45,006 50,512
Retained earnings 155,998 149,615
Accumulated other comprehensive (loss) income, net of tax (449) 431
Total shareholders' equity 206,923 207,117
Total liabilities and shareholders' equity $ 2,016,705 $ 1,643,996