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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 42,969 $ 35,363
Other interest bearing deposits 0 249
Available for sale ("AFS") securities, at fair value (amortized cost of $187,172, net of allowance for credit losses of $0 at June 30, 2023) 161,135 165,991
Held to maturity ("HTM") securities, at amortized cost, net of allowance for credit losses of $0 at June 30, 2023 93,800 96,379
Equity investments 2,299 1,794
Other investments 16,347 15,834
Loans receivable 1,424,988 1,411,784
Allowance for credit losses (23,164) (17,939)
Loans receivable, net 1,401,824 1,393,845
Loans held for sale 2,394 0
Mortgage servicing rights, net 4,008 4,262
Office properties and equipment, net 19,827 20,493
Accrued interest receivable 5,702 5,285
Intangible assets 2,052 2,449
Goodwill 31,498 31,498
Foreclosed and repossessed assets, net 1,199 1,271
Bank owned life insurance ("BOLI") 25,290 24,954
Other assets 19,493 16,719
TOTAL ASSETS 1,829,837 1,816,386
Liabilities:    
Deposits 1,464,682 1,424,720
Federal Home Loan Bank (“FHLB”) 122,530 142,530
Other borrowings 67,357 72,409
Other liabilities 9,710 9,639
Total liabilities 1,664,279 1,649,298
Stockholders’ Equity:    
Common stock—$0.01 par value, authorized 30,000,000; 10,470,175 and 10,425,119 shares issued and outstanding, respectively 105 104
Additional paid-in capital 119,404 119,240
Retained earnings 64,926 65,400
Accumulated other comprehensive loss (18,877) (17,656)
Total stockholders’ equity 165,558 167,088
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,829,837 $ 1,816,386