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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 126,834 $ 56,887
Federal funds sold 43,614 0
Interest-bearing deposits with banks 17,390 20,178
Securities available for sale ("AFS"), at fair value 253,348 246,105
Equity securities carried at fair value through income 4,787 4,855
Non-marketable equity securities held in other financial institutions 207 207
Federal Home Loan Bank ("FHLB") stock - at cost 2,036 2,777
Net loans 1,602,291 1,594,075
Goodwill 10,835 10,835
Premises and equipment, net 20,540 20,271
Premises and equipment held for sale 430 430
Other real estate owned ("OREO") 2,329 3,109
Accrued interest receivable 7,337 8,717
Investment in bank owned life insurance 38,275 38,061
Core deposit intangible 1,394 1,527
Net deferred tax assets 8,671 7,909
Right of use assets - operating leases 6,391 7,831
Other assets 2,822 2,665
Total Assets 2,149,531 2,026,439
Liabilities and Stockholders’ Equity    
Non-interest-bearing deposits 406,319 362,079
Interest-bearing deposits 1,461,577 1,383,523
Total deposits 1,867,896 1,745,602
Long-term debt 27,285 27,302
Guaranteed preferred beneficial interest in junior subordinated debentures ("TRUPs") 12,000 12,000
Subordinated notes net of debt issuance costs - 4.75% 19,468 19,526
Lease liabilities - operating leases 6,614 8,088
Accrued expenses and other liabilities 15,509 15,908
Total Liabilities 1,948,772 1,828,426
Stockholders’ Equity    
Common stock - par value $0.01; authorized - 15,000,000 shares; issued 5,897,685 and 5,903,613 shares, respectively 59 59
Additional paid in capital 96,181 95,965
Retained earnings 103,294 97,944
Accumulated other comprehensive income 1,684 4,504
Unearned ESOP shares (459) (459)
Total Stockholders’ Equity 200,759 198,013
Total Liabilities and Stockholders’ Equity $ 2,149,531 $ 2,026,439
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, authorized (in shares) 15,000,000 15,000,000
U.S. SBA PPP Loans    
Assets    
Net loans $ 112,485 $ 107,960
Portfolio Loans    
Assets    
Net loans $ 1,489,806 $ 1,486,115