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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Cash and due from banks:    
Noninterest bearing deposits and cash $ 3,264 $ 3,006
Interest bearing deposits 43,781 31,630
Total cash and cash equivalents 47,045 34,636
Investment securities:    
Available-for-sale securities, at fair value 94,341 49,262
Other investments, at cost 4,450 4,450
Total investment securities 98,791 53,712
Federal Reserve Bank stock, at cost 2,843 2,783
Federal Home Loan Bank stock, at cost 4,184 4,503
Loans receivable (net of allowance for loan losses: 2021: $9,905 and 2020: $10,584) 729,583 719,596
Loans held for sale 3,129 1,217
Accrued interest and dividends receivable 5,822 6,620
Premises and equipment, net 31,500 33,423
Other real estate owned 0 1,906
Deferred tax asset 12,146 11,496
Goodwill 1,107 1,107
Core deposit intangible, net 296 343
Other assets 12,035 9,387
Total assets 948,481 880,729
Deposits:    
Noninterest bearing deposits 226,713 158,676
Interest bearing deposits 521,849 526,980
Total deposits 748,562 685,656
Federal Home Loan Bank and correspondent bank borrowings 90,000 90,000
Senior notes, net 12,000 11,927
Subordinated debt, net 9,811 9,782
Junior subordinated debt owed to unconsolidated trust, net 8,119 8,110
Note payable 791 994
Advances from borrowers for taxes and insurance 1,101 3,786
Accrued expenses and other liabilities 10,753 7,255
Total liabilities 881,137 817,510
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 December 31, 2021: 4,030,233 shares issued; 3,956,492 shares outstanding; As of December 31, 2020: 4,017,313 shares issued; 3,943,572 shares outstanding; 106,479 106,329
Accumulated deficit (37,498) (42,592)
Accumulated other comprehensive loss (1,637) (518)
Total shareholders' equity 67,344 63,219
Total liabilities and shareholders' equity $ 948,481 $ 880,729