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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Cash and due from banks:    
Noninterest bearing deposits and cash $ 5,298 $ 3,006
Interest bearing deposits 40,967 31,630
Total cash and cash equivalents 46,265 34,636
Investment securities:    
Available-for-sale securities, at fair value 124,103 49,262
Other investments, at cost 4,450 4,450
Total investment securities 128,553 53,712
Federal Reserve Bank stock, at cost 2,843 2,783
Federal Home Loan Bank stock, at cost 5,009 4,503
Loans receivable (net of allowance for loan losses: 2021: $10,079 and 2020: $10,584) 704,459 719,596
Loans held for sale 4,128 1,217
Accrued interest and dividends receivable 6,186 6,620
Premises and equipment, net 32,638 33,423
Other real estate owned 0 1,906
Deferred tax asset, net 10,352 11,496
Goodwill 1,107 1,107
Core deposit intangible, net 308 343
Other assets 10,498 9,387
Total assets 952,346 880,729
Deposits:    
Noninterest bearing deposits 207,941 158,676
Interest bearing deposits 526,732 526,980
Total deposits 734,673 685,656
Federal Home Loan Bank and correspondent bank borrowings 110,000 90,000
Senior notes, net 11,983 11,927
Subordinated debt, net 9,803 9,782
Junior subordinated debt owed to unconsolidated trust, net 8,116 8,110
Note payable 842 994
Advances from borrowers for taxes and insurance 2,253 3,786
Accrued expenses and other liabilities 7,976 7,255
Total liabilities 885,646 817,510
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 September 30, 2021: 4,021,717 shares issued; 3,947,976 shares outstanding; As of December 31, 2020: 4,017,313 shares issued; 3,943,572 shares outstanding; 106,439 106,329
Accumulated deficit (39,393) (42,592)
Accumulated other comprehensive loss (346) (518)
Total shareholders' equity 66,700 63,219
Total liabilities and shareholders' equity $ 952,346 $ 880,729