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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Cash and cash equivalents:    
Cash and due from banks $ 28,636 $ 18,430
Interest bearing balances with banks 50,218 9,572
Total cash and cash equivalents 78,854 28,002
Certificates of deposit with other banks 13,046 12,549
Investment securities available-for-sale, at fair value 220,699 235,821
Equity securities 19,464 18,514
Loans held for sale 242,089 109,788
Loans: 1,494,672 1,374,541
Less: Allowance for loan losses (17,742) (11,775)
Net Loans 1,476,930 1,362,766
Premises and equipment, net 24,586 21,974
Bank owned life insurance 35,818 35,374
Accrued interest receivable and other assets 84,439 53,142
Assets of branches held for sale 0 46,554
Goodwill 19,232 19,630
TOTAL ASSETS 2,215,157 1,944,114
Deposits:    
Noninterest bearing 528,527 278,547
Interest bearing 1,335,436 986,495
Total deposits 1,863,963 1,265,042
Deposits of branches held for sale 0 188,270
Accrued interest payable and other liabilities 72,145 41,685
Repurchase agreements 9,815 10,172
FHLB and other borrowings 36,610 222,885
Subordinated debt 4,124 4,124
Total liabilities 1,986,657 1,732,178
STOCKHOLDERS’ EQUITY    
Preferred stock, par value $1,000; 20,000 authorized; 733 issued in 2020 and 2019, respectively 7,334 7,334
Common stock, par value $1; 20,000,000 shares authorized; 12,065,627 shares issued and 11,968,425 shares outstanding in 2020 and 11,995,366 shares issued and 11,944,289 shares outstanding in 2019 12,066 11,995
Additional paid-in capital 123,848 122,516
Retained earnings 89,197 72,496
Accumulated other comprehensive loss (2,193) (1,321)
Treasury stock, 97,202 shares in 2020 and 51,077 shares in 2019, at cost (1,752) (1,084)
Total stockholders’ equity 228,500 211,936
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 2,215,157 $ 1,944,114