XML 12 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets:    
Cash and due from banks $ 29,630 $ 21,338
Interest-bearing deposits in other banks 126,132 59,266
Total cash and cash equivalents 155,762 80,604
Securities available-for-sale, at fair value 280,200 286,950
Loans, net of deferred fees and costs 1,204,737 1,035,065
Allowance for loan and lease losses (16,089) (12,231)
Net loans 1,188,648 1,022,834
Premises and equipment, net 15,466 15,906
Other real estate owned 8 35
Life insurance 23,968 23,701
Deferred tax asset, net 2,645 4,553
Goodwill 11,671 11,671
Other intangible assets, net 4,426 4,809
Other assets 29,102 28,553
Total assets 1,711,896 1,479,616
Liabilities:    
Demand - noninterest-bearing 521,751 432,680
Demand - interest-bearing 287,198 239,258
Money market 405,322 307,559
Savings 142,389 135,888
Certificates of deposit 137,647 151,786
Total deposits 1,494,307 1,267,171
Term debt:    
Federal Home Loan Bank of San Francisco borrowings 10,000 0
Net term debt 20,000  
Junior subordinated debentures 10,310 10,310
Other liabilities 17,743 17,700
Total liabilities 1,542,341 1,305,138
Commitments and contingencies (Note 7)
Shareholders' equity:    
Common stock, no par value, 50,000,000 shares authorized: issued and outstanding - 16,738,685 as of June 30, 2020 and 18,137,167 as of December 31, 2019 58,749 71,311
Retained earnings 103,658 100,566
Accumulated other comprehensive income, net of tax 7,148 2,601
Total shareholders' equity 169,555 174,478
Total liabilities and shareholders' equity 1,711,896 1,479,616
Term Debt [Member]    
Term debt:    
Other borrowings 10,000 10,000
Less unamortized debt issuance costs (19) (43)
Net term debt $ 19,981 $ 9,957