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Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 20,377 $ 21,106
Federal funds sold and interest-bearing deposits 158,618 136,910
Cash and cash equivalents 178,995 158,016
Securities:    
Debt securities available for sale (amortized cost of $55,894 in 2020 and $63,883 in 2019) 56,290 64,275
Equity securities with readily determinable fair values (amortized cost of $2,112 in 2020 and $2,218 in 2019) 1,712 2,289
Total securities 58,002 66,564
Loans:    
SBA loans held for sale 10,726 13,529
Loans 1,428,919 1,412,029
Total loans 1,439,645 1,425,558
Allowance for loan losses (17,376) (16,395)
Net loans 1,422,269 1,409,163
Premises and equipment, net 21,046 21,315
Bank owned life insurance (BOLI) 26,379 26,323
Deferred tax assets 6,305 5,559
Federal Home Loan Bank (FHLB) stock 9,054 14,184
Accrued interest receivable 7,396 6,984
Other real estate owned (OREO) 1,523 1,723
Goodwill 1,516 1,516
Prepaid expenses and other assets 7,591 7,595
Total assets 1,740,076 1,718,942
Deposits:    
Noninterest-bearing demand 334,731 279,793
Interest-bearing demand 166,990 176,335
Savings 388,213 389,795
Time, under $100,000 278,776 195,446
Time, $100,000 to $250,000 121,656 126,192
Time, $250,000 and over 88,252 82,553
Total deposits 1,378,618 1,250,114
Borrowed funds 169,000 283,000
Subordinated debentures 10,310 10,310
Accrued interest payable 237 455
Accrued expenses and other liabilities 17,606 14,354
Total liabilities 1,575,771 1,558,233
Shareholders' equity:    
Common stock 90,370 90,113
Retained earnings 74,939 70,442
Treasury stock (172) 0
Accumulated other comprehensive (loss) income (832) 154
Total shareholders' equity 164,305 160,709
Total liabilities and shareholders' equity $ 1,740,076 $ 1,718,942
Issued common shares (in shares) 10,894 10,881
Outstanding common shares (in shares) 10,883 10,881
Treasury shares (in shares) 11 0
SBA loans    
Loans:    
Loans $ 37,074 $ 35,767
Commercial loans    
Loans:    
Loans 786,078 765,032
Residential mortgage loans    
Loans:    
Loans 456,072 467,706
Consumer loans    
Loans:    
Loans $ 149,695 $ 143,524