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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Cash and cash equivalents:    
Cash and due from banks $ 2,829 $ 2,405
Interest-bearing deposits in other financial institutions 307,406 153,584
Total cash and cash equivalents 310,235 155,989
Available-for-sale securities, at fair value 32,233 36,666
Correspondent bank stock, at cost 1,772 2,552
Mortgage loans held for sale 51,309 161,843
Loans, net of allowance of $12,964 and $12,539 1,590,086 1,520,294
Premises and equipment, net 6,344 5,320
Accrued interest receivable 6,306 6,618
Accounts receivable 5,500 4,865
Other receivables 1,553 1,422
Other real estate owned, net   194
Goodwill and other intangible assets, net 24,246 24,258
Deferred tax assets, net 5,926 6,056
Company-owned life insurance 15,715 15,449
Other assets 25,047 32,129
Total assets 2,076,272 1,973,655
Deposits:    
Noninterest-bearing 596,635 481,457
Interest-bearing 1,185,664 1,138,453
Total deposits 1,782,299 1,619,910
Borrowings:    
Federal Home Loan Bank and Federal Reserve borrowings 58,564 149,563
Subordinated notes 39,010 24,291
Accrued interest payable 357 453
Other liabilities 20,913 24,476
Total liabilities 1,901,143 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; 8,002,874 and 7,951,773 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively
Additional paid-in capital 146,380 144,703
Retained earnings 28,272 9,579
Accumulated other comprehensive income 477 680
Total shareholders' equity 175,129 154,962
Total liabilities and shareholders' equity $ 2,076,272 $ 1,973,655