XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 31,165 $ 20,518
Interest bearing deposits in other banks 69,964 74,906
Investment securities available for sale, at fair value 215,369 276,138
Marketable equity securities 8,534 7,945
Investment in Federal Home Loan Bank stock 2,508 2,138
Loans held for sale 128,105 67,834
Loans 1,492,720 1,043,371
Allowance for loan losses (21,683) (19,088)
Net loans 1,471,037 1,024,283
Purchased receivables, net 13,520 24,373
Mortgage servicing rights, at fair value 10,589 11,920
Other real estate owned, net 6,962 7,043
Premises and equipment, net 38,615 38,422
Operating lease right-of-use asset 12,943 14,306
Goodwill 15,017 15,017
Other intangible assets, net 1,041 1,077
Other assets 72,369 58,076
Total assets 2,097,738 1,643,996
Deposits:    
Demand 697,363 451,896
Interest-bearing demand 427,811 320,264
Savings 272,624 229,918
Money market 227,106 205,801
Certificates of deposit less than $250,000 94,743 90,702
Certificates of deposit $250,000 and greater 86,486 73,770
Total deposits 1,806,133 1,372,351
Borrowings 13,737 8,891
Junior subordinated debentures 10,310 10,310
Operating lease liability 12,881 14,229
Other liabilities 40,061 31,098
Total liabilities 1,883,122 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, 6,279,304 and 6,558,809 issued and outstanding at September 30, 2020 and December 31, 2019, respectively 6,279 6,559
Additional paid-in capital 42,966 50,512
Retained earnings 165,606 149,615
Accumulated other comprehensive (loss) income, net of tax (235) 431
Total shareholders' equity 214,616 207,117
Total liabilities and shareholders' equity $ 2,097,738 $ 1,643,996