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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Assets:    
Cash and due from banks $ 264,981 $ 130,263
Federal funds sold 9,567 8,164
Cash and cash equivalents 274,548 138,427
Securities purchased under agreements to resell 15,000 15,000
Securities available for sale (at fair value) 15,913 18,888
Loans, less allowance for loan losses of $6,850 and $6,645, respectively 1,252,196 1,136,930
Loans held for sale   56,865
Accrued interest receivable 5,465 4,957
Federal Home Loan Bank stock 3,842 1,163
Premises and equipment, net 14,484 14,391
Operating lease right-of-use asset 12,431  
Foreclosed real estate, net 423  
SBA servicing asset, net 8,566 8,446
Mortgage servicing asset, net 17,740 14,934
Bank owned life insurance 20,101 19,749
Other assets 4,036 2,900
Total assets 1,644,745 1,432,650
Deposits:    
Non-interest-bearing demand 311,198 299,182
Interest-bearing 1,024,154 945,050
Total deposits 1,335,352 1,244,232
Federal Home Loan Bank advances 60,000  
Other borrowings 3,154 4,257
Operating lease liability 12,922  
Accrued interest payable 940 1,251
Other liabilities 37,955 14,302
Total liabilities 1,450,323 1,264,042
Shareholders' Equity:    
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued or outstanding
Common stock, $0.01 par value, 40,000,000 shares authorized 24,305,378 and 24,258,062 shares issued and outstanding 243 242
Additional paid-in capital 39,526 39,915
Retained earnings 154,652 128,555
Accumulated other comprehensive income (loss) 1 (104)
Total shareholders' equity 194,422 168,608
Total liabilities and shareholders' equity $ 1,644,745 $ 1,432,650