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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets:    
Cash and due from banks $ 19,875 $ 21,338
Interest-bearing deposits in other banks 87,111 59,266
Total cash and cash equivalents 106,986 80,604
Securities available-for-sale, at fair value 446,880 286,950
Loans, net of deferred fees and costs 1,139,961 1,035,065
Allowance for loan and lease losses (16,910) (12,231)
Net loans 1,123,051 1,022,834
Premises and equipment, net 14,999 15,906
Life insurance 24,206 23,701
Deferred tax asset, net 3,954 4,553
Goodwill 11,671 11,671
Other intangible assets, net 4,044 4,809
Other assets 28,163 28,588
Total assets 1,763,954 1,479,616
Liabilities:    
Demand - noninterest-bearing 541,033 432,680
Demand - interest-bearing 290,251 239,258
Money market 425,121 307,559
Savings 150,695 135,888
Certificates of deposit 135,679 151,786
Total deposits 1,542,779 1,267,171
Term debt:    
Federal Home Loan Bank of San Francisco ("FHLB") borrowings 5,000 0
Net term debt 15,000 9,957
Junior subordinated debentures 10,310 10,310
Other liabilities 18,163 17,700
Total liabilities 1,586,252 1,305,138
Commitments and contingencies (Note 14)
Shareholders’ equity:    
Common stock, no par value, 50,000,000 shares authorized; issued and outstanding - 16,800,662 as of December 31, 2020 and 18,137,167 as of December 31, 2019 58,988 71,311
Retained earnings 111,226 100,566
Accumulated other comprehensive income 7,488 2,601
Total shareholders’ equity 177,702 174,478
Total liabilities and shareholders’ equity 1,763,954 1,479,616
Term Debt [Member]    
Term debt:    
Other borrowings 10,000 10,000
Less unamortized debt issuance costs $ 0 $ (43)