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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Cash and due from banks:    
Noninterest bearing deposits and cash $ 4,507 $ 3,264
Interest bearing deposits 33,009 43,781
Total cash and cash equivalents 37,516 47,045
Investment securities:    
Available-for-sale securities, at fair value 76,971 94,341
Other investments, at cost 4,450 4,450
Total investment securities 81,421 98,791
Federal Reserve Bank stock, at cost 2,762 2,843
Federal Home Loan Bank stock, at cost 4,474 4,184
Loans receivable (net of allowance for loan losses: 2022: $9,929 and 2021: $9,905) 849,178 729,583
Loans held for sale 7,556 3,129
Accrued interest and dividends receivable 5,727 5,822
Premises and equipment, net 31,128 31,500
Deferred tax asset 14,910 12,146
Goodwill 1,107 1,107
Core deposit intangible, net 273 296
Other assets 13,128 12,035
Total assets 1,049,180 948,481
Deposits:    
Noninterest bearing deposits 271,165 226,713
Interest bearing deposits 575,618 521,849
Total deposits 846,783 748,562
Federal Home Loan Bank and correspondent bank borrowings 100,000 90,000
Senior notes, net 12,000 12,000
Subordinated debt, net 9,825 9,811
Junior subordinated debt owed to unconsolidated trust, net 8,123 8,119
Note payable 689 791
Advances from borrowers for taxes and insurance 2,967 1,101
Accrued expenses and other liabilities 8,991 10,753
Total liabilities 989,378 881,137
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 June 30, 2022: 4,031,010 shares issued; 3,957,269 shares outstanding; As of December 31, 2021: 4,030,233 shares issued; 3,956,492 shares outstanding. 106,520 106,479
Accumulated deficit (35,433) (37,498)
Accumulated other comprehensive loss (11,285) (1,637)
Total shareholders' equity 59,802 67,344
Total liabilities and shareholders' equity $ 1,049,180 $ 948,481