v3.22.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets:    
Cash and due from banks $ 87,176 $ 31,396
Interest-bearing deposits in other banks 218,612 231,638
Total cash and cash equivalents 305,788 263,034
Investment securities:    
Available for sale securities, at fair value 400,748 212,420
Equity investments, at fair value 23,665 24,000
Total investment securities 424,413 236,420
Loans held for sale 3,472 1,470
Loans:    
Loans held for investment [1] 2,322,101 2,388,532
Less: allowance for loan and lease losses (16,395) (16,026)
Loans, net 2,305,706 2,372,506
Premises and equipment, net 77,291 83,348
Accrued interest receivable 8,146 11,199
Other real estate owned and repossessed assets 188 133
Goodwill 77,681 77,681
Core deposit intangible 4,751 7,818
SBA servicing asset 2,244 2,953
Deferred tax asset, net 1,172 1,085
Bank-owned life insurance 36,644 15,969
Federal Home Loan Bank and other bank stock, at cost 3,741 5,718
Right of use assets 4,539  
Other assets 10,262 5,425
Total assets 3,266,038 3,084,759
Transaction accounts:    
Noninterest-bearing 803,546 727,543
Interest-bearing 1,415,000 1,092,934
Total transaction accounts 2,218,546 1,820,477
Time deposits 563,845 638,658
Total deposits 2,782,391 2,459,135
Accrued interest payable 781 1,303
Short-term borrowings   10,000
Long-term borrowings, net 74,937 242,020
Operating lease liabilities 4,720  
Other liabilities 9,393 11,522
Total liabilities 2,872,222 2,723,980
Commitments and contingencies (Note 18)
Stockholders' equity:    
Common stock, no par value; 50 million shares authorized; 18,588,315 and 18,329,593 shares issued; 17,282,047 and 17,081,831 outstanding 303,227 298,850
Retained earnings 111,525 76,683
Accumulated other comprehensive (loss) income (4,081) 1,005
Treasury stock, 1,306,268 and 1,247,762 shares repurchased (16,855) (15,759)
Total stockholders' equity 393,816 360,779
Total liabilities and stockholders' equity $ 3,266,038 $ 3,084,759
[1] Balance includes $(8.1) and $(8.2) million of deferred fees, cost, premium and discount as of December 31, 2021 and 2020, respectively.

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