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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 21,106 $ 20,028
Federal funds sold, interest-bearing deposits and repos 136,910 125,487
Cash and cash equivalents 158,016 145,515
Securities:    
Debt securities available for sale (amortized cost of $63,883 and $47,762 in 2019 and 2018, respectively) 64,275 46,713
Securities held to maturity (fair value of $0 and $14,802 in 2019 and 2018, respectively) 0 14,875
Equity securities with readily determinable fair values (amortized cost of $2,218 and $2,394 in 2019 and 2018, respectively) 2,289 2,144
Total securities 66,564 63,732
Loans:    
SBA loans held for sale 13,529 11,171
SBA loans held for investment 35,767 39,333
Commercial loans 765,032 694,102
Residential mortgage loans 467,706 436,056
Consumer loans 143,524 123,904
Total loans 1,425,558 1,304,566
Allowance for loan losses (16,395) (15,488)
Net loans 1,409,163 1,289,078
Premises and equipment, net 21,315 23,371
Bank owned life insurance (BOLI) 26,323 24,710
Deferred tax assets, net 5,559 5,350
Federal Home Loan Bank (FHLB) stock 14,184 10,795
Accrued interest receivable 6,984 6,399
Other real estate owned (OREO) 1,723 56
Goodwill 1,516 1,516
Prepaid expenses and other assets 7,595 8,635
Total assets 1,718,942 1,579,157
Liabilities:    
Noninterest-bearing demand 279,793 270,152
Interest-bearing demand 176,335 185,792
Savings 389,795 394,727
Time, under $100,000 195,446 184,022
Time, $100,000 to $250,000 126,192 116,147
Time, $250,000 and over 82,553 56,847
Total deposits 1,250,114 1,207,687
Borrowed funds 283,000 210,000
Subordinated debentures 10,310 10,310
Accrued interest payable 455 406
Accrued expenses and other liabilities 14,354 12,266
Total liabilities 1,558,233 1,440,669
Shareholders' equity:    
Common stock, no par value, 12,500 shares authorized, 10,881 shares issued and outstanding in 2019; 10,780 shares issued and outstanding in 2018 90,113 88,484
Retained earnings 70,442 50,161
Accumulated other comprehensive income (loss) 154 (157)
Total shareholders' equity 160,709 138,488
Total liabilities and shareholders' equity $ 1,718,942 $ 1,579,157