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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Cash and cash equivalents:    
Cash and due from banks $ 22,853 $ 14,747
Interest bearing balances with banks 13,715 7,474
Total cash and cash equivalents 36,568 22,221
Certificates of deposit with other banks 13,541 14,778
Investment securities available-for-sale, at fair value 226,064 221,614
Equity securities 18,414 9,599
Loans held for sale 159,961 75,807
Loans: 1,382,375 1,304,366
Less: Allowance for loan losses (11,874) (10,939)
Net Loans 1,370,501 1,293,427
Premises and equipment, net 25,446 26,545
Bank owned life insurance 34,576 34,291
Accrued interest receivable and other assets 57,251 34,207
Goodwill 19,630 18,480
TOTAL ASSETS 1,961,952 1,750,969
Deposits:    
Noninterest bearing 274,970 213,597
Interest bearing 1,181,434 1,095,557
Total deposits 1,456,404 1,309,154
Accrued interest payable and other liabilities 44,083 17,706
Repurchase agreements 9,460 14,925
FHLB and other borrowings 241,641 214,887
Subordinated debt 4,124 17,524
Total liabilities 1,755,712 1,574,196
STOCKHOLDERS’ EQUITY    
Preferred stock, par value $1,000; 20,000 authorized; 733 issued in 2019 and 783 issued in 2018, respectively (See Footnote 7) 7,334 7,834
Common stock, par value $1; 20,000,000 shares authorized; 11,865,426 shares issued and 11,814,349 shares outstanding in 2019 and 11,658,370 shares issued and 11,607,293 shares outstanding in 2018 11,865 11,658
Additional paid-in capital 120,918 116,897
Retained earnings 69,349 48,274
Accumulated other comprehensive loss (2,142) (6,806)
Treasury stock, 51,077 shares, at cost (1,084) (1,084)
Total stockholders’ equity 206,240 176,773
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,961,952 $ 1,750,969