v3.22.2.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 14,774 $ 42,914
Interest bearing deposits at other financial institutions 20,867 136,824
Federal funds sold 1,421 3,657
Total cash and cash equivalents 37,062 183,395
Investment securities available for sale 269,620 184,455
Marketable equity securities 232 245
Restricted investments 3,627 3,498
Loans held for sale 6,875 15,989
Small Business Administration Payroll Protection Program loans receivable, net of fees and costs 2,662 108,285
Portfolio loans receivable, net of deferred fees and costs 1,648,001 1,523,982
Less allowance for loan losses (26,091) (25,181)
Total portfolio loans held for investment, net 1,621,910 1,498,801
Premises and equipment, net 3,212 3,282
Accrued interest receivable 7,890 7,901
Deferred tax asset 14,047 9,793
Foreclosed real estate 0 86
Bank owned life insurance 36,267 35,506
Other assets 5,954 4,064
Total assets 2,009,358 2,055,300
Deposits    
Noninterest-bearing 806,033 787,650
Interest-bearing 931,558 1,009,487
Total deposits 1,737,591 1,797,137
Federal Home Loan Bank advances 22,000 22,000
Other borrowed funds 12,062 12,062
Accrued interest payable 481 473
Other liabilities 23,219 25,725
Total liabilities 1,795,353 1,857,397
Stockholders' equity    
Common stock, $.01 par value; 49,000,000 shares authorized; 14,038,599 and 13,962,334 issued and outstanding 140 140
Additional paid-in capital 56,532 54,306
Retained earnings 174,916 144,533
Accumulated other comprehensive loss (17,583) (1,076)
Total stockholders' equity 214,005 197,903
Total liabilities and stockholders' equity $ 2,009,358 $ 2,055,300