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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 60,151 $ 51,259
Interest-bearing deposits at other financial institutions 432,249 320,805
Total cash and cash equivalents 492,400 372,064
Securities 235,438 231,262
Equity investments 18,369 16,710
Loans held for sale   1,463
Loans, net of allowance for credit losses of $39,678 and $25,280 at June 30, 2020 and December 31, 2019, respectively 2,895,210 2,613,805
Premises and equipment, net of accumulated depreciation of $34,315 and $32,923 at June 30, 2020 and December 31, 2019, respectively 50,729 50,875
Goodwill 80,950 80,950
Other intangible assets, net of accumulated amortization of $16,213 and $15,809 at June 30, 2020 and December 31, 2019, respectively 4,496 4,938
Bank-owned life insurance 72,709 71,881
Operating lease right-to-use asset 14,081 12,926
Deferred tax asset, net 11,440 7,432
Other assets 25,903 14,238
Total assets 3,901,725 3,478,544
Liabilities    
Noninterest-bearing deposits 1,513,748 1,184,861
Interest-bearing deposits 1,740,455 1,667,527
Total deposits 3,254,203 2,852,388
Federal Home Loan Bank advances 50,000 50,000
Repurchase agreements 2,500 485
Operating lease liabilities 16,983 15,704
Other liabilities 40,683 24,246
Total liabilities 3,364,369 2,942,823
Shareholders' equity    
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued
Common stock, $0.01 par value, 90,000,000 shares authorized, 25,609,456 and 25,837,048 shares issued at June 30, 2020 and December 31, 2019, respectively, 24,754,634 and 24,979,702 shares outstanding at June 30, 2020 and December 31, 2019, respectively 256 258
Additional paid-in capital 342,256 346,559
Retained earnings 202,754 201,080
Treasury stock, at cost, 854,822 and 857,346 shares held at June 30, 2020 and December 31, 2019, respectively (14,519) (14,562)
Accumulated other comprehensive gain, net of tax of $1,123 and $634 at June 30, 2020 and December 31, 2019, respectively 6,609 2,386
Total shareholders' equity 537,356 535,721
Total liabilities and shareholders' equity $ 3,901,725 $ 3,478,544