XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and Cash Equivalents $ 178,428 $ 31,935
Bank-Owned Certificates of Deposit 2,895 2,654
Securities Available for Sale, at Fair Value 326,295 289,877
Loans, Net of Allowance for Loan Losses of $27,633 at June 30, 2020 (unaudited) and $22,526 at December 31, 2019 2,155,858 1,884,000
Federal Home Loan Bank (FHLB) Stock, at Cost 8,617 7,824
Premises and Equipment, Net 43,062 27,628
Accrued Interest 8,267 6,775
Goodwill 2,626 2,626
Other Intangible Assets, Net 765 861
Other Assets 27,650 14,650
Total Assets 2,754,463 2,268,830
Deposits:    
Noninterest Bearing 648,869 447,509
Interest Bearing 1,593,182 1,375,801
Total Deposits 2,242,051 1,823,310
Notes Payable 12,000 13,000
FHLB Advances 147,500 136,500
Subordinated Debentures, Net of Issuance Costs 73,658 24,733
Accrued Interest Payable 1,953 1,982
Other Liabilities 20,111 24,511
Total Liabilities 2,497,273 2,024,036
SHAREHOLDERS' EQUITY    
Preferred Stock- $0.01 par value Authorized 10,000,000; None Issued and Outstanding at June 30, 2020 (unaudited) and December 31, 2019
Common Stock- $0.01 par value Common Stock - Authorized 75,000,000; Issued and Outstanding 28,837,560 at June 30, 2020 (unaudited) and 28,973,572 at December 31, 2019 288 290
Additional Paid-In Capital 110,906 112,093
Retained Earnings 142,678 127,637
Accumulated Other Comprehensive Income 3,318 4,774
Total Shareholders' Equity 257,190 244,794
Total Liabilities and Shareholders' Equity $ 2,754,463 $ 2,268,830