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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 28,744 $ 29,683
Federal funds sold 415,714 269,646
Cash and cash equivalents 444,458 299,329
Interest bearing deposits in banks 4,083 7,718
Investment securities available-for-sale 142,315 115,590
Federal Home Loan Bank ("FHLB") stock, at par 8,385 7,737
Federal Reserve Bank ("FRB") stock, at par 7,640 7,605
Loans held for sale 11,221 8,664
Loans, net of allowance for loan losses of $17,300 at September 30, 2021 and $17,500 December 31, 2020 1,623,536 1,625,812
Premises and equipment, net 14,580 15,139
Other real estate owned ("OREO") 21 429
Core deposit intangible 6,942 8,302
Cash surrender value of bank owned life insurance ("BOLI") policies, net 21,422 20,910
Right-of-use assets ("ROU") 11,113 12,049
Goodwill 38,838 38,838
Interest receivable and other assets 29,262 27,544
Total assets 2,363,816 2,195,666
LIABILITIES AND SHAREHOLDERS' EQUITY    
Noninterest and interest bearing deposits 2,007,751 1,838,397
Other borrowings   5,000
Junior subordinated deferrable interest debentures, net 8,383 8,322
Subordinated debt, net 63,499 63,372
Salary continuation plan 4,286 4,009
Lease liabilities 11,668 12,328
Interest payable and other liabilities 10,959 11,647
Total liabilities 2,106,546 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 September 30, 2021 and December 31, 2020
Common stock, no par value; 100,000,000 shares authorized; 10,685,511 and 11,295,397 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively 156,874 167,242
Additional paid in capital 287 287
Accumulated other comprehensive income, net of tax 2,492 2,697
Retained earnings 97,617 82,365
Total shareholders' equity 257,270 252,591
Total liabilities and shareholders' equity $ 2,363,816 $ 2,195,666