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Parent Company Only Condensed Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Parent Company Only Condensed Financial Information [Abstract] |
Condensed Balance Sheets |
﻿ |  |  |  |  |
﻿ |  |  |  |  |
﻿ | 2020 |  | 2019
﻿Assets |  |  |  |  |
﻿Cash and cash equivalents | $ | 1,785 |  | $ | 10,037
﻿Equity securities |  | 5,000 |  |  | -
﻿Investment in banking subsidiary |  | 125,172 |  |  | 88,317
﻿Investment in and advances to other subsidiary |  | 241 |  |  | 238
﻿Other assets |  | 2,533 |  |  | 2,045
﻿Total assets | $ | 134,731 |  | $ | 100,637
﻿ |  |  |  |  |
﻿Liabilities and Equity |  |  |  |  |
﻿Subordinated debentures | $ | 14,844 |  | $ | 14,806
﻿Other borrowings |  | 9,500 |  |  | 5,000
﻿Accrued expenses and other liabilities |  | 177 |  |  | 167
﻿Stockholders' equity |  | 110,210 |  |  | 80,664
﻿Total liabilities and stockholders' equity | $ | 134,731 |  | $ | 100,637
﻿
Condensed Statements Of Operations |
﻿ |  |  |  |  |
﻿ |
﻿ | 2020 |  | 2019
﻿ |  |  |  |  |
﻿Interest income | $ | - |  | $ | -
﻿Other income |  | 178 |  |  | 70
﻿Interest expense |  | 1,209 |  |  | 1,353
﻿Other expense |  | 830 |  |  | 758
﻿Loss before income tax and before undistributed subsidiary income |  | (1,861) |  |  | (2,041)
﻿Tax effect |  | 390 |  |  | 427
﻿Loss after income tax and before undistributed subsidiary income |  | (1,471) |  |  | (1,614)
﻿Equity in undistributed subsidiary income |  | 31,079 |  |  | 11,215
﻿Net income | $ | 29,608 |  | $ | 9,601
﻿Comprehensive income | $ | 29,676 |  | $ | 9,702
﻿
Condensed Statements Of Cash Flows |
﻿ |  |  |  |  |
﻿ | 2020 |  | 2019
﻿Cash flows from operating activities |  |  |  |  |
﻿Net Income | $ | 29,608 |  | $ | 9,601
﻿Adjustments: |  |  |  |  |
﻿Effect of subsidiaries' operations |  | (31,079) |  |  | (11,215)
﻿Amortization, net |  | 38 |  |  | 39
﻿Change in other assets and other liabilities |  | (480) |  |  | (939)
﻿Net cash used by operating activities |  | (1,913) |  |  | (2,514)
﻿ |  |  |  |  |
﻿Cash flows from investing activities |  |  |  |  |
﻿ Investments in banking subsidiary |  | (5,000) |  |  | (14,000)
﻿Purchase of equity securities |  | (5,000) |  |  | -
﻿Net cash used by investing activities |  | (10,000) |  |  | (14,000)
﻿ |  |  |  |  |
﻿Cash flows from financing activities |  |  |  |  |
﻿Proceeds from other borrowings |  | 15,000 |  |  | 4,000
﻿Repayments of other borrowings |  | (10,500) |  |  | (5,000)
﻿Net proceeds from the issuance of preferred stock private placement |  | - |  |  | 14,000
﻿Net proceeds from the issuance of common stock private placement |  | - |  |  | 9,641
﻿Proceeds from exercise of stock options |  | 36 |  |  | -
﻿Acquisition of treasury shares surrendered upon vesting of restricted stock for payment of taxes |  | (32) |  |  | (23)
﻿Purchase of treasury shares |  | (648) |  |  | -
﻿Exercise of warrants to common stock |  | - |  |  | 1,258
﻿Dividends paid |  | (195) |  |  | -
﻿Net cash from financing activities |  | 3,661 |  |  | 23,876
﻿Net change in cash and cash equivalents |  | (8,252) |  |  | 7,362
﻿Beginning cash and cash equivalents |  | 10,037 |  |  | 2,675
﻿Ending cash and cash equivalents | $ | 1,785 |  | $ | 10,037
﻿

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