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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Cash and cash equivalents:    
Cash and due from banks $ 19,110 $ 18,430
Interest-bearing balances with banks 244,783 9,572
Total cash and cash equivalents 263,893 28,002
Certificates of deposit with banks 11,803 12,549
Investment securities available-for-sale 410,624 235,821
Equity securities 27,585 18,514
Loans held-for-sale 1,062 109,788
Loans receivable 1,453,744 1,374,541
Allowance for loan losses (25,844) (11,775)
Loans receivable, net 1,427,900 1,362,766
Premises and equipment, net 26,203 21,974
Bank-owned life insurance 41,262 35,374
Equity method investment 46,494 0
Accrued interest receivable and other assets 72,300 53,142
Assets of branches held-for-sale 0 46,554
Goodwill 2,350 19,630
TOTAL ASSETS 2,331,476 1,944,114
Deposits:    
Noninterest-bearing 715,791 278,547
Interest-bearing 1,266,598 986,495
Total deposits 1,982,389 1,265,042
Deposits of branches held-for-sale 0 188,270
Accrued interest payable and other liabilities 55,931 41,685
Repurchase agreements 10,266 10,172
FHLB and other borrowings 0 222,885
Subordinated debt 43,407 4,124
Total liabilities 2,091,993 1,732,178
STOCKHOLDERS’ EQUITY    
Preferred stock - par value $1,000; 20,000 shares authorized; 733 shares issued and outstanding as of December 31, 2020 and December 31, 2019 7,334 7,334
Common stock - par value $1; 20,000,000 shares authorized; 12,374,322 and 11,526,306 shares issued and outstanding, respectively, as of December 31, 2020 and 11,995,366 and 11,944,289 shares issued and outstanding, respectively, as of December 31, 2019 12,374 11,995
Additional paid-in capital 129,119 122,516
Retained earnings 105,171 72,496
Accumulated other comprehensive income (loss) 2,226 (1,321)
Treasury stock - 848,016 and 51,077 shares as of December 31, 2020 and December 31, 2019, respectively, at cost (16,741) (1,084)
Total stockholders’ equity 239,483 211,936
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 2,331,476 $ 1,944,114