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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Cash and due from banks:    
Noninterest bearing deposits and cash $ 4,319 $ 3,264
Interest bearing deposits 26,865 43,781
Total cash and cash equivalents 31,184 47,045
Investment securities:    
Available-for-sale securities, at fair value 85,917 94,341
Other investments, at cost 4,450 4,450
Total investment securities 90,367 98,791
Federal Reserve Bank stock, at cost 2,671 2,843
Federal Home Loan Bank stock, at cost 5,474 4,184
Loans receivable (net of allowance for loan losses: 2022: $9,952 and 2021: $9,905) 852,918 729,583
Loans held for sale 8,748 3,129
Accrued interest and dividends receivable 6,504 5,822
Premises and equipment, net 30,861 31,500
Deferred tax asset 16,057 12,146
Goodwill 1,107 1,107
Core deposit intangible, net 261 296
Other assets 12,839 12,035
Total assets 1,058,991 948,481
Deposits:    
Noninterest bearing deposits 247,704 226,713
Interest bearing deposits 586,691 521,849
Total deposits 834,395 748,562
Federal Home Loan Bank and correspondent bank borrowings 125,000 90,000
Senior notes, net 12,000 12,000
Subordinated debt, net 9,832 9,811
Junior subordinated debt owed to unconsolidated trust, net 8,125 8,119
Note payable 637 791
Advances from borrowers for taxes and insurance 2,262 1,101
Accrued expenses and other liabilities 8,736 10,753
Total liabilities 1,000,987 881,137
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 September 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. 106,542 106,479
Accumulated deficit (33,107) (37,498)
Accumulated other comprehensive loss (15,431) (1,637)
Total shareholders' equity 58,004 67,344
Total liabilities and shareholders' equity $ 1,058,991 $ 948,481