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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 30,144 $ 29,683
Federal funds sold 438,549 269,646
Cash and cash equivalents 468,693 299,329
Interest bearing deposits in banks 5,726 7,718
Investment securities available-for-sale 137,463 115,590
Federal Home Loan Bank ("FHLB") stock, at par 8,385 7,737
Federal Reserve Bank ("FRB") stock, at par 7,629 7,605
Loans held for sale 7,335 8,664
Loans, net of allowance for loan losses of $17,000 at June 30, 2021 and $17,500 December 31, 2020 1,575,621 1,625,812
Premises and equipment, net 14,747 15,139
Other real estate owned ("OREO") 186 429
Core deposit intangible 7,395 8,302
Cash surrender value of bank owned life insurance ("BOLI") policies, net 21,250 20,910
Right-of-use assets ("ROU") 11,902 12,049
Goodwill 38,838 38,838
Interest receivable and other assets 29,302 27,544
Total assets 2,334,472 2,195,666
LIABILITIES AND SHAREHOLDERS' EQUITY    
Noninterest and interest bearing deposits 1,978,238 1,838,397
Other borrowings   5,000
Junior subordinated deferrable interest debentures, net 8,363 8,322
Subordinated debt, net 63,457 63,372
Salary continuation plan 4,184 4,009
Lease liabilities 12,448 12,328
Interest payable and other liabilities 15,233 11,647
Total liabilities 2,081,923 1,943,075
Commitments and contingencies (Note 18)
Shareholders' equity    
Preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both June 30, 2021 and December 31, 2020
Common stock, no par value; 100,000,000 shares authorized; 10,699,441 and 11,295,397 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively 156,974 167,242
Additional paid in capital 287 287
Accumulated other comprehensive income, net of tax 3,083 2,697
Retained earnings 92,205 82,365
Total shareholders' equity 252,549 252,591
Total liabilities and shareholders' equity $ 2,334,472 $ 2,195,666