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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Cash and due from banks:    
Noninterest bearing deposits and cash $ 2,397 $ 3,006
Interest bearing deposits 113,794 31,630
Total cash and cash equivalents 116,191 34,636
Investment securities:    
Available-for-sale securities, at fair value 108,612 49,262
Other investments, at cost 4,450 4,450
Total investment securities 113,062 53,712
Federal Reserve Bank stock, at cost 2,744 2,783
Federal Home Loan Bank stock, at cost 4,185 4,503
Loans receivable (net of allowance for loan losses: 2021: $10,362 and 2020: $10,584) 660,534 719,596
Loans held for sale 2,636 1,217
Accrued interest and dividends receivable 6,207 6,620
Premises and equipment, net 32,824 33,423
Other real estate owned 1,216 1,906
Deferred tax asset, net 10,560 11,496
Goodwill 1,107 1,107
Core deposit intangible, net 319 343
Other assets 11,469 9,387
Total assets 963,054 880,729
Deposits:    
Noninterest bearing deposits 218,374 158,676
Interest bearing deposits 542,824 526,980
Total deposits 761,198 685,656
Federal Home Loan Bank and correspondent bank borrowings 90,000 90,000
Senior notes, net 11,965 11,927
Subordinated debt, net 9,796 9,782
Junior subordinated debt owed to unconsolidated trust, net 8,114 8,110
Note payable 893 994
Advances from borrowers for taxes and insurance 3,607 3,786
Accrued expenses and other liabilities 11,619 7,255
Total liabilities 897,192 817,510
Commitments and Contingencies
Shareholders' equity    
Preferred stock, no par value; 1,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $.01 par value, 100,000,000 shares authorized; As of June 30, 2021: 4,021,017 shares issued; 3,947,276 shares outstanding; As of December 31, 2020: 4,017,313 shares issued; 3,943,572 shares outstanding; 106,409 106,329
Accumulated deficit (40,716) (42,592)
Accumulated other comprehensive income (loss) 169 (518)
Total shareholders' equity 65,862 63,219
Total liabilities and shareholders' equity $ 963,054 $ 880,729