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Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS:    
Cash and due from banks $ 26,159 $ 22,485
Federal funds sold 366,347 396,032
Total cash and cash equivalents 392,506 418,517
Investment securities, available for sale 61,142 55,093
Loans, net of allowance for losses of $13,240 and $14,111 at June 30, 2021 and December 31, 2020, respectively 1,338,770 1,355,482
Premises and equipment, net 5,089 5,778
Bank owned life insurance (BOLI) 24,085 23,718
Goodwill and other intangible assets 7,534 7,554
Accrued interest receivable and other assets 39,937 39,637
Total assets 1,869,063 1,905,779
Deposits    
Non-interest bearing 791,580 673,100
Interest bearing 888,192 859,106
Total deposits 1,679,772 1,532,206
Other borrowings 0 189,043
Junior Subordinated debt securities 24,745 24,994
Accrued interest payable and other liabilities 20,805 23,126
Total liabilities 1,725,322 1,769,369
Commitments and Contingencies (Note 5)
Shareholders' equity    
Common stock, no par value; 40,000,000 shares authorized; 8,229,116 and 8,171,734 issued and outstanding at June 30, 2021 and December 31, 2020, respectively 108,417 107,948
Retained earnings 34,792 27,821
Accumulated other comprehensive income, net of taxes 532 641
Total shareholders' equity 143,741 136,410
Total liabilities and shareholders' equity $ 1,869,063 $ 1,905,779