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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 65,796 $ 77,726
Securities available for sale, at fair value 54,116 55,336
Other investments 7,306 7,260
Loans held for sale 246 752
Loans receivable, net of allowance of $9,619 at March 31, 2019 and $9,636 at December 31, 2018 903,445 865,423
Premises and equipment, net 5,083 4,633
Accrued interest receivable 3,368 3,068
Servicing assets 7,046 6,987
Company owned life insurance 10,414 11,394
Deferred tax assets 3,665 3,672
OREO 1,146  
Operating right-of-use assets [1] 7,738  
Other assets 7,866 7,935
Total assets 1,077,235 1,044,186
Deposits:    
Noninterest bearing 272,482 285,132
Interest bearing:    
Savings 3,527 3,421
Money market and others 257,694 261,349
Time deposits greater than $250,000 188,162 164,281
Other time deposits 207,537 190,993
Total deposits 929,402 905,176
Accrued interest payable 2,178 1,715
Operating lease liabilities [1] 9,566  
Other liabilities 3,713 7,508
Total liabilities 944,859 914,399
Shareholders’ equity    
Preferred stock – no par value; 10,000,000 shares authorized; no shares issued or outstanding at March 31, 2019 and December 31, 2018
Common stock – no par value; 50,000,000 shares authorized; 15,719,583 and 15,860,306 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively 89,120 91,209
Additional paid-in capital 6,626 6,249
Retained earnings 36,824 32,877
Accumulated other comprehensive loss (194) (548)
Total shareholders’ equity 132,376 129,787
Total liabilities and shareholders' equity $ 1,077,235 $ 1,044,186
[1] The adoption of ASU 2016-02, Leases (Topic 842) in the first quarter of 2019 resulted in the recognition of right-of-use assets and lease liabilities on balance sheet.