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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 22,354 $ 27,786
Interest-bearing deposits in banks 13,864 17,669
Federal funds sold 20,000  
Cash and cash equivalents 56,218 45,455
Certificates of deposit in banks 2,906 4,836
Securities available-for-sale, at fair value 415,217 303,303
Loans held for sale 21,468 6,285
Loans, net of unearned income and discounts 1,191,368 905,784
Less allowance for loan losses (16,333) (8,679)
Net loans 1,175,035 897,105
Premises and equipment, net 31,623 31,554
Accrued interest receivable 6,091 3,841
Bank owned life insurance 28,818 28,219
Foreclosed assets 471 1,404
Deferred income taxes, net 1,804 777
Core deposit intangible 4,349 5,316
Goodwill 27,817 27,817
Other assets 9,807 8,024
Total assets 1,781,624 1,363,936
Liabilities and Shareholders' Equity    
Noninterest-bearing deposits 437,647 321,458
Interest-bearing deposits 1,141,931 852,841
Total deposits 1,579,578 1,174,299
Securities sold under agreements to repurchase 10,266 8,707
Note payable 21,254 23,773
Accrued interest payable and other liabilities 8,610 10,128
Total liabilities 1,619,708 1,216,907
Common stock related to 401(k) Employee Stock Ownership Plan 1,741 1,837
Stockholders' Equity    
Common stock ($1 par value; 10,000,000 shares authorized; 6,518,264 and 6,492,812 shares issued; 6,496,655 and 6,489,505 shares outstanding, respectively) 6,518 6,493
Additional paid-in capital 100,495 100,174
Retained earnings 47,688 38,644
Accumulated other comprehensive income 7,812 1,811
Treasury stock at cost (21,609 and 3,307 shares, respectively) (597) (93)
Common stock related to 401(k) Employee Stock Ownership Plan (1,741) (1,837)
Total stockholders' equity 160,175 145,192
Total equity 161,916 147,029
Total liabilities and stockholders' equity $ 1,781,624 $ 1,363,936