v3.21.2
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Assets:    
Cash and due from banks $ 57,651,000 $ 31,396,000
Interest-bearing deposits in other banks 82,448,000 231,638,000
Total cash and cash equivalents 140,099,000 263,034,000
Investment securities:    
Available for sale securities, at fair value 434,223,000 212,420,000
Equity investments, at fair value 23,877,000 24,000,000
Total investment securities 458,100,000 236,420,000
Loans held for sale 3,220,000 1,470,000
Loans:    
Loans held for investment [1] 2,272,089,000 2,388,532,000
Less: allowance for loan and lease losses (16,527,000) (16,026,000)
Loans, net 2,255,562,000 2,372,506,000
Premises and equipment, net 79,408,000 83,348,000
Accrued interest receivable 9,071,000 11,199,000
Other real estate owned and repossessed assets 140,000 133,000
Goodwill 77,681,000 77,681,000
Core deposit intangible 6,240,000 7,818,000
SBA servicing asset 2,567,000 2,953,000
Deferred tax asset, net 1,962,000 1,085,000
Bank-owned life insurance 31,161,000 15,969,000
Federal Home Loan Bank and other bank stock, at cost 5,734,000 5,718,000
Right of use asset 5,569,000  
Other assets 8,241,000 5,425,000
Total assets 3,084,755,000 3,084,759,000
Transaction accounts:    
Noninterest-bearing 772,032,000 727,543,000
Interest-bearing 1,192,067,000 1,092,934,000
Total transaction accounts 1,964,099,000 1,820,477,000
Time deposits 608,073,000 638,658,000
Total deposits 2,572,172,000 2,459,135,000
Accrued interest payable 860,000 1,303,000
Short-term borrowings   10,000,000
Long-term borrowings 119,052,000 242,020,000
Operating lease liability 5,730,000  
Other liabilities 9,173,000 11,522,000
Total liabilities 2,706,987,000 2,723,980,000
Commitments and contingencies (Note 14)
Stockholders' Equity:    
Common stock, no par value; 50 million shares authorized; 18,470,371 and 18,329,593 shares issued; 17,164,103 and 17,081,831 shares outstanding 301,202,000 298,850,000
Retained earnings 96,111,000 76,683,000
Accumulated other comprehensive income (loss) (2,690,000) 1,005,000
Treasury stock, 1,306,268 and 1,247,762 shares repurchased (16,855,000) (15,759,000)
Total stockholders' equity 377,768,000 360,779,000
Total liabilities and stockholders' equity $ 3,084,755,000 $ 3,084,759,000
[1] Organic loans balance includes $(10.2) million and $(8.2) million of deferred fees, cost, premium and discount as of June 30, 2021 and December 31, 2020, respectively.

Source