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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 8,241 $ 6,963
Interest bearing deposits in banks 21,962 28,398
Cash and cash equivalents 30,203 35,361
Securities available for sale 209,000 201,192
Loans, net of allowance of $8,376 and $8,880, respectively 917,895 756,364
Premises and equipment, net 19,658 14,655
Premises held for sale 900 1,050
Other real estate owned 3,225 3,485
Federal Home Loan Bank stock 6,237 7,233
Bank owned life insurance 16,037 15,646
Deferred taxes, net 27,765 29,282
Goodwill 6,252
Other intangible assets, net 2,500
Accrued interest receivable and other assets 6,107 5,424
Total assets 1,245,779 1,069,692
Deposits    
Non-interest bearing 187,551 142,618
Interest bearing 839,424 751,613
Total deposits 1,026,975 894,231
Federal Home Loan Bank advances 61,389 46,549
Accrued interest payable and other liabilities 8,665 5,815
Junior subordinated debentures 21,000 21,000
Subordinated capital note 17,000
Senior debt 5,000 10,000
Total liabilities 1,140,029 977,595
Commitments and contingent liabilities (Note 18)
Stockholders’ equity    
Common stock, no par, 39,000,000 shares authorized, 6,251,975 and 6,242,720 voting, and 1,220,000 and 1,220,000 non-voting shares issued and outstanding, respectively 140,639 140,639
Additional paid-in capital 24,508 24,287
Retained deficit (55,683) (66,201)
Accumulated other comprehensive loss (3,714) (6,628)
Total common stockholders’ equity 105,750 92,097
Total liabilities and stockholders’ equity $ 1,245,779 $ 1,069,692