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8. Subsequent Events
3 Months Ended
Mar. 31, 2021
Subsequent Events [Abstract]  
8. Subsequent Events

The Company has reviewed and evaluated subsequent events and transactions for material subsequent events through the date the financial statements are issued.

 

The Bank has continued to originate PPP loans. PPP loans originated in April 2021 totaled $2.7 million. The outstanding balance of PPP loans was $65.5 million at April 30, 2021, as compared to $78.2 million at March 31, 2021. The decrease from March 31, 2021 to April 30, 2021 was primarily due to PPP loans being forgiven by the SBA.