v3.22.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 42,914,000 $ 18,456,000
Interest bearing deposits at other financial institutions 136,824,000 126,081,000
Federal funds sold 3,657,000 2,373,000
Total cash and cash equivalents 183,395,000 146,910,000
Fair Value 184,455,000 99,787,000
Marketable equity securities 245,000 245,000
Restricted investments 3,498,000 3,713,000
Loans held for sale 15,989,000 107,154,000
U.S. Small Business Administration ("SBA") Payroll Protection Program ("PPP") loans receivable, net of deferred fees and costs 108,285,000 201,018,000
Portfolio loans receivable, net of deferred fees and costs 1,523,982,000 1,315,502,000
Less allowance for loan losses (25,181,000) (23,434,000)
Total portfolio loans held for investment, net 1,498,801,000 1,292,068,000
Premises and equipment, net 3,282,000 4,464,000
Accrued interest receivable 7,901,000 8,134,000
Deferred tax asset 9,793,000 6,818,000
Foreclosed real estate 86,000 3,326,000
Bank owned life insurance 35,506,000 0
Other assets 4,064,000 2,956,000
Total assets 2,055,300,000 1,876,593,000
Deposits    
Noninterest-bearing 787,650,000 608,559,000
Interest-bearing 1,009,487,000 1,043,569,000
Total deposits 1,797,137,000 1,652,128,000
Federal Home Loan Bank advances 22,000,000 22,000,000
Other borrowed funds 12,062,000 14,016,000
Accrued interest payable 473,000 1,134,000
Other liabilities 25,725,000 28,004,000
Total liabilities 1,857,397,000 1,717,282,000
Stockholders' equity    
Common stock, $.01 par value; 49,000,000 shares authorized; 13,962,334 and 13,753,529 issued and outstanding 140,000 138,000
Additional paid-in capital 54,306,000 50,602,000
Retained earnings 144,533,000 106,854,000
Accumulated other comprehensive income (loss) (1,076,000) 1,717,000
Total stockholders’ equity 197,903,000 159,311,000
Total liabilities and stockholders' equity $ 2,055,300,000 $ 1,876,593,000