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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 175,531 $ 46,942
Investment securities available for sale 158,002 159,320
Loans, less allowance for loan losses of $9,600 at September 30, 2020 and $7,243 at December 31, 2019 737,650 616,036
Real estate acquired through foreclosure 763 707
Premises and equipment, net 14,047 14,629
Bank owned life insurance 13,444 13,184
Accrued interest receivable and other assets 16,512 14,373
Total assets 1,115,949 865,191
Deposits:    
Non-interest bearing 462,351 331,619
Interest bearing 515,178 415,705
Total deposits 977,529 747,324
Repurchase agreements 15,159 16,013
Accrued interest payable and other liabilities 6,968 7,039
Federal Home Loan Bank advances 10,000 0
Junior subordinated deferrable interest debentures 10,310 10,310
Total liabilities 1,019,966 780,686
Commitments and contingencies (Note 5)
Shareholders’ equity:    
Common stock, no par value; 22,500,000 shares authorized; issued and outstanding – 5,181,032 shares at September 30, 2020 and 5,165,760 at December 31, 2019 7,586 7,312
Retained earnings 84,094 75,144
Accumulated other comprehensive income, net 4,303 2,049
Total shareholders’ equity 95,983 84,505
Total liabilities and shareholders’ equity $ 1,115,949 $ 865,191