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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 46,863 $ 51,892
Federal funds sold and interest bearing due from banks 202,861 147,047
Cash and cash equivalents 249,724 198,939
Mortgage loans held for sale 8,748 1,675
Securities available for sale (amortized cost of $469,313 in 2019 and $443,742 in 2018) 470,738 436,995
Federal Home Loan Bank stock, at cost 11,316 10,370
Loans and leases [1] 2,845,016 2,548,171
Allowance for loan and lease losses 26,791 25,534
Net loans and leases 2,818,225 2,522,637
Premises and equipment, net 58,618 44,764
Bank owned life insurance 32,557 32,273
Accrued interest receivable 8,534 8,360
Goodwill 12,513 682
Core deposit intangible 2,285 1,057
Other assets 50,939 45,172
Total assets 3,724,197 3,302,924
Liabilities    
Non-interest bearing 810,475 711,023
Interest bearing 2,323,463 2,083,333
Total deposits 3,133,938 2,794,356
Securities sold under agreements to repurchase 31,895 36,094
Federal funds purchased 10,887 10,247
Federal Home Loan Bank advances 79,953 48,177
Accrued interest payable 640 762
Other liabilities 60,587 46,788
Total liabilities 3,317,900 2,936,424
Commitments and contingent liabilities (footnote 19) 0 0
Stockholders’ equity    
Preferred stock, no par value. Authorized 1,000,000 shares; no shares issued or outstanding 0 0
Common stock, no par value. Authorized 40,000,000 shares; issued and outstanding 22,604,000 and 22,749,000 shares in 2019 and 2018 36,207 36,689
Additional paid-in capital 35,714 36,797
Retained earnings 333,699 298,156
Accumulated other comprehensive income (loss) 677 (5,142)
Total stockholders’ equity 406,297 366,500
Total liabilities and stockholders’ equity $ 3,724,197 $ 3,302,924
[1] Total loans are presented inclusive of premiums, discounts, and net loan origination fees and costs.