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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 45,879 $ 67,304
Interest-bearing deposits in other financial institutions 100 100
Securities available for sale 8,174 10,114
Loans held for sale, at fair value 135,711 17,385
Loans and leases, net of allowance of $7,138 and $7,012 663,303 550,683
FHLB and FRB stock 4,008 3,476
Foreclosed assets, net 38
Premises and equipment, net 3,991 3,864
Operating lease right-of-use assets 1,780  
Bank owned life insurance 5,345 5,203
Accrued interest receivable and other assets 12,254 6,858
Total assets 880,545 665,025
Deposits    
Noninterest bearing 115,530 111,445
Interest bearing 630,793 468,341
Total deposits 746,323 579,786
FHLB advances and other debt 29,017 19,500
Advances by borrowers for taxes and insurance 929 827
Operating lease liabilities 1,960  
Accrued interest payable and other liabilities 6,846 4,586
Subordinated debentures 14,806 14,767
Total liabilities 799,881 619,466
Commitments and contingent liabilities
Stockholders' equity    
Common stock, $.01 par value; shares authorized: 9,090,909; shares issued: 5,409,394 at December 31, 2019 and 4,366,297 at December 31, 2018 54 44
Additional paid-in capital 86,903 61,706
Accumulated deficit (2,932) (12,752)
Accumulated other comprehensive income (loss) 28 (73)
Treasury stock, at cost; 32,940 shares of common stock at December 31, 2019 and 31,235 shares at December 31, 2018 (3,389) (3,366)
Total stockholders' equity 80,664 45,559
Total liabilities and stockholder's equity 880,545 665,025
Series B Preferred Stock [Member]    
Stockholders' equity    
Preferred stock
Series C Preferred Stock [Member]    
Stockholders' equity    
Preferred stock
Total stockholders' equity