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19. Subsequent Events | 12 Months Ended
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Dec. 31, 2021
19. Subsequent Events |
Subsequent Events |
(19) | 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 SBA has continued to forgive the Bank’s PPP loans. The outstanding balance of PPP loans was $9.3 million at March 11, 2022, as compared to $18.0 million at December 31, 2021. The decrease from December 31, 2021 to March 11, 2022 was primarily due to PPP loans being forgiven by the SBA.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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