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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 34,216 $ 23,304
Interest bearing deposits in other banks 458,063 92,661
Investment securities available for sale, at fair value 379,122 247,633
Marketable equity securities 8,551 9,052
Investment securities held to maturity, at amortized cost 20,000 10,000
Total portfolio investments 407,673 266,685
Investment in Federal Home Loan Bank stock 3,110 2,551
Loans held for sale 106,224 146,178
Loans 1,450,657 1,444,050
Allowance for credit losses (13,816) (21,136)
Net loans 1,436,841 1,422,914
Purchased receivables, net 20,118 13,922
Other real estate owned, net 5,912 7,289
Premises and equipment, net 37,610 38,102
Operating lease right-of-use assets 11,371 12,440
Goodwill 15,017 15,017
Other intangible assets, net 1,002 1,029
Other assets 59,709 68,488
Total assets 2,609,946 2,121,798
Deposits:    
Demand 868,810 643,825
Interest-bearing demand 644,035 459,095
Savings 330,465 308,725
Money market 278,529 237,705
Certificates of deposit less than $250,000 99,587 92,047
Certificates of deposit $250,000 and greater 75,115 83,584
Total deposits 2,296,541 1,824,981
Borrowings 14,605 14,817
Junior subordinated debentures 10,310 10,310
Operating lease liabilities 11,334 12,378
Other liabilities 34,682 37,737
Total liabilities 2,367,472 1,900,223
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, 6,177,300 and 6,251,004 issued and outstanding at September 30, 2021 and December 31, 2020, respectively 6,177 6,251
Additional paid-in capital 38,929 41,808
Retained earnings 198,284 173,498
Accumulated other comprehensive (loss) income, net of tax (916) 18
Total shareholders' equity 242,474 221,575
Total liabilities and shareholders' equity 2,609,946 2,121,798
Mortgage servicing rights    
ASSETS    
Mortgage servicing rights, at fair value $ 13,080 $ 11,218