v3.21.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Assets:    
Cash and due from banks $ 28,879 $ 31,396
Interest-bearing deposits in other banks 40,687 231,638
Total cash and cash equivalents 69,566 263,034
Investment securities:    
Available for sale securities, at fair value 442,576 212,420
Equity investments, at fair value 23,741 24,000
Total investment securities 466,317 236,420
Loans held for sale 1,192 1,470
Loans:    
Loans held for investment [1] 2,430,594 2,388,532
Less: allowance for loan and lease losses (16,314) (16,026)
Loans, net 2,414,280 2,372,506
Premises and equipment, net 81,379 83,348
Accrued interest receivable 10,588 11,199
Other real estate owned and repossessed assets   133
Goodwill 77,681 77,681
Core deposit intangible 6,995 7,818
SBA servicing asset 2,821 2,953
Deferred tax asset, net 2,213 1,085
Bank-owned life insurance 16,057 15,969
Federal Home Loan Bank and other bank stock, at cost 5,727 5,718
Right of use asset 6,058  
Other assets 9,338 5,425
Total assets 3,170,212 3,084,759
Transaction accounts:    
Noninterest-bearing 800,233 727,543
Interest-bearing 1,149,781 1,092,934
Total transaction accounts 1,950,014 1,820,477
Time deposits 647,536 638,658
Total deposits 2,597,550 2,459,135
Accrued interest payable 1,160 1,303
Short-term borrowings   10,000
Long-term borrowings 191,686 242,020
Operating lease liability 6,231  
Other liabilities 7,827 11,522
Total liabilities 2,804,454 2,723,980
Commitments and contingencies (Note 14)
Stockholders' Equity:    
Common stock, no par value; 50 million shares authorized; 18,442,821 and 18,329,593 shares issued; 17,136,553 and 17,081,831 shares outstanding 300,591 298,850
Retained earnings 85,246 76,683
Accumulated other comprehensive income (loss) (3,224) 1,005
Treasury stock, 1,306,268 and 1,247,762 shares repurchased (16,855) (15,759)
Total stockholders' equity 365,758 360,779
Total liabilities and stockholders' equity $ 3,170,212 $ 3,084,759
[1] Organic loans balance includes $(11.9) million and $(8.2) million of deferred fees, cost, premium and discount as of March 31, 2021 and December 31, 2020, respectively.

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