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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks, including reserve requirement of $0 and $1,523 at December 31, 2020 and 2019, respectively $ 5,552 $ 3,965
Interest-earning deposits in other depository institutions 172,701 44,152
Cash and cash equivalents 178,253 48,117
Investment securities available-for-sale 24,005 3,818
Other investments 1,596 278
Loans, net 592,254 247,956
Other real estate owned 1,292 140
Premises and equipment, net 8,617 8,513
Bank owned life insurance 15,311 7,462
Intangible assets 18,940  
Accrued interest receivable and other assets 10,360 3,010
Total assets 850,628 319,294
Liabilities :    
Savings accounts 96,591 22,691
Interest-bearing checking 129,813 47,324
Market rate checking 121,317 33,380
Noninterest-bearing checking 160,819 29,549
Certificate of deposits 131,625 105,237
Total deposits 640,165 238,181
Federal Home Loan Bank (FHLB) advances 19,117  
Paycheck Protection Program Liquidity Facility (PPPLF) borrowings 100,813  
Other borrowings 5,000  
Accrued interest payable and other liabilities 4,748 3,946
Total liabilities 769,843 242,127
Commitments
Stockholders' equity:    
Common stock (par value $0.01 per share, 19,000,000 shares authorized, 7,684,173 issued and 7,570,797 outstanding at December 31, 2020, and 7,671,224 issued and 7,557,848 outstanding at December 31, 2019) 77 77
Preferred stock (1,000,000 shares authorized, no shares outstanding)
Additional paid in capital 33,620 33,358
Treasury stock, 113,376 shares at December 31, 2020 and 2019, at cost (1,268) (1,268)
Unearned ESOP shares (2,453) (2,571)
Retained earnings 50,650 47,562
Accumulated other comprehensive income 159 9
Total stockholders' equity 80,785 77,167
Total liabilities and stockholders' equity $ 850,628 $ 319,294