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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets:    
Cash and due from banks $ 270,496 $ 130,263
Federal funds sold 5,917 8,164
Cash and cash equivalents 276,413 138,427
Securities purchased under agreements to resell 15,000 15,000
Securities available for sale (at fair value) 15,695 18,888
Loans held for sale 85,793 56,865
Loans, less allowance for loan losses of $6,839 and $6,645, respectively 1,154,323 1,136,930
Accrued interest receivable 5,101 4,957
Federal Home Loan Bank stock 3,842 1,163
Premises and equipment, net 14,460 14,391
Operating lease right-of-use asset 11,957  
Foreclosed real estate, net 423  
SBA servicing asset, net 8,188 8,446
Mortgage servicing asset, net 18,068 14,934
Bank owned life insurance 20,219 19,749
Other assets 2,376 2,900
Total assets 1,631,858 1,432,650
Deposits:    
Non interest-bearing demand 292,008 299,182
Interest-bearing 1,015,369 945,050
Total deposits 1,307,377 1,244,232
Federal Home Loan Bank advances 60,000  
Other borrowings 3,129 4,257
Operating lease liability 12,476  
Accrued interest payable 890 1,251
Other liabilities 31,262 14,302
Total liabilities 1,415,134 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, 25,529,891 and 24,258,062 shares issued and outstanding 255 242
Additional paid-in capital 53,854 39,915
Retained earnings 162,616 128,555
Accumulated other comprehensive loss (1) (104)
Total shareholders' equity 216,724 168,608
Total liabilities and shareholders' equity $ 1,631,858 $ 1,432,650