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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Cash and due from banks:    
Noninterest bearing deposits and cash $ 9,026 $ 3,264
Interest bearing deposits 35,290 43,781
Total cash and cash equivalents 44,316 47,045
Investment securities:    
Available-for-sale securities, at fair value 83,260 94,341
Other investments, at cost 4,450 4,450
Total investment securities 87,710 98,791
Federal Reserve Bank stock, at cost 2,869 2,843
Federal Home Loan Bank stock, at cost 4,184 4,184
Loans receivable (net of allowance for loan losses: 2022: $9,737 and 2021: $9,905) 763,602 729,583
Loans held for sale 5,820 3,129
Accrued interest and dividends receivable 5,596 5,822
Premises and equipment, net 31,269 31,500
Deferred tax asset 13,755 12,146
Goodwill 1,107 1,107
Core deposit intangible, net 284 296
Other assets 14,992 12,035
Total assets 975,504 948,481
Deposits:    
Noninterest bearing deposits 237,825 226,713
Interest bearing deposits 542,024 521,849
Total deposits 779,849 748,562
Federal Home Loan Bank and correspondent bank borrowings 90,000 90,000
Senior notes, net 12,000 12,000
Subordinated debt, net 9,818 9,811
Junior subordinated debt owed to unconsolidated trust, net 8,121 8,119
Note payable 740 791
Advances from borrowers for taxes and insurance 2,574 1,101
Accrued expenses and other liabilities 9,719 10,753
Total liabilities 912,821 881,137
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 March 31, 2022: 4,030,233 shares issued; 3,956,492 shares outstanding; As of December 31, 2021: 4,030,233 shares issued; 3,956,492 shares outstanding. 106,500 106,479
Accumulated deficit (36,698) (37,498)
Accumulated other comprehensive loss (7,119) (1,637)
Total shareholders' equity 62,683 67,344
Total liabilities and shareholders' equity $ 975,504 $ 948,481