CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 87,983	$ 86,036
Securities available for sale, at fair value	93,482	56,549
Other investments	10,002	9,176
Loans held for sale	41,430	2,100
Loans receivable, net of allowance of $14,164 at September 30, 2020 and $10,050 at December 31, 2019	1,058,626	980,088
Premises and equipment, net	4,756	5,226
Accrued interest receivable	4,968	3,166
Servicing assets	7,222	7,024
Company owned life insurance (COLI)	10,815	10,618
Deferred tax assets	3,911	3,189
Operating right-of-use assets	7,151	8,254
Other assets	9,475	8,094
Total assets	1,339,821	1,179,520
Deposits:
Noninterest bearing	488,815	294,281
Interest bearing:
Savings	5,382	4,753
Money market and others	334,599	291,865
Time deposits greater than $250,000	194,630	213,345
Other time deposits	146,738	216,467
Total deposits	1,170,164	1,020,711
Federal Home Loan Bank advances	10,000
Accrued interest payable	1,355	2,686
Operating lease liabilities	8,857	10,126
Other liabilities	7,896	5,421
Total liabilities	1,198,272	1,038,944
Shareholders’ equity
Preferred stock – no par value; 10,000,000 shares authorized; no shares issued or outstanding at September 30, 2020 and December 31, 2019
Common stock – no par value; 50,000,000 shares authorized; 15,126,270 and 15,703,276 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively	79,600	86,381
Additional paid-in capital	8,382	7,524
Retained earnings	52,590	46,483
Accumulated other comprehensive income	977	188
Total shareholders’ equity	141,549	140,576
Total liabilities and shareholders' equity	$ 1,339,821	$ 1,179,520