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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Cash and cash equivalents:    
Cash and due from banks $ 2,295 $ 2,405
Interest-bearing deposits in other financial institutions 373,641 153,584
Total cash and cash equivalents 375,936 155,989
Available-for-sale securities, at fair value 30,843 36,666
Correspondent bank stock, at cost 2,576 2,552
Mortgage loans held for sale 176,644 161,843
Loans, net of allowance of $12,539 and $12,539 1,531,387 1,520,294
Premises and equipment, net 5,778 5,320
Accrued interest receivable 6,852 6,618
Accounts receivable 10,175 4,865
Other receivables 3,254 1,422
Other real estate owned, net   194
Goodwill and other intangible assets, net 24,254 24,258
Deferred tax assets, net 6,073 6,056
Company-owned life insurance 15,537 15,449
Other assets 22,269 32,129
Total assets 2,211,578 1,973,655
Deposits:    
Noninterest-bearing 593,388 481,457
Interest-bearing 1,214,437 1,138,453
Total deposits 1,807,825 1,619,910
Borrowings:    
Federal Home Loan Bank and Federal Reserve borrowings 198,041 149,563
Subordinated notes 24,248 24,291
Accrued interest payable 612 453
Other liabilities 19,413 24,476
Total liabilities 2,050,139 1,818,693
SHAREHOLDERS' EQUITY    
Preferred stock - no par value; 10,000,000 shares authorized; 0 issued and outstanding
Common stock - no par value; 90,000,000 shares authorized; 7,957,900 and 7,951,773 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively
Additional paid-in capital 145,282 144,703
Retained earnings 15,578 9,579
Accumulated other comprehensive income 579 680
Total shareholders' equity 161,439 154,962
Total liabilities and shareholders' equity $ 2,211,578 $ 1,973,655