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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 20,530 $ 16,976
Interest bearing bank deposits 64,796 11,708
Total cash and cash equivalents 85,326 28,684
Securities available for sale, at fair value 226,867 186,969
Securities held to maturity, at cost (fair value of $25,282 and $36,633, respectively) 24,169 35,733
Equity securities, restricted, at cost 8,875 8,855
Total securities 259,911 231,557
Loans held for sale 396 501
Loans 1,165,310 1,058,323
Purchased credit impaired (PCI) loans 29,507 32,528
Total loans 1,194,817 1,090,851
Allowance for loan losses (loans of $12,238 and $8,429, respectively; PCI loans of $156 and $156, respectively) (12,394) (8,585)
Net loans 1,182,423 1,082,266
Bank premises and equipment, net 28,713 29,472
Bank premises and equipment held for sale 1,589 1,589
Right-of-use lease assets 5,999 6,472
Other real estate owned 4,486 4,527
Bank owned life insurance 29,687 29,340
Other assets 16,474 16,432
Total assets 1,615,004 1,430,840
Deposits:    
Noninterest bearing 278,780 178,584
Interest bearing 1,084,869 984,864
Total deposits 1,363,649 1,163,448
Federal funds purchased 3,268 24,437
Federal Home Loan Bank borrowings 68,167 68,500
Trust preferred capital notes 4,124 4,124
Lease liabilities 6,264 6,737
Other liabilities 8,751 8,115
Total liabilities 1,454,223 1,275,361
SHAREHOLDERS' EQUITY    
Common stock (200,000,000 shares authorized, $0.01 par value; 22,311,357 and 22,422,621 shares issued and outstanding, respectively) 223 224
Additional paid in capital 150,428 150,728
Retained earnings 5,900 2,562
Accumulated other comprehensive income 4,230 1,965
Total shareholders' equity 160,781 155,479
Total liabilities and shareholders' equity $ 1,615,004 $ 1,430,840