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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Assets    
Cash and due from banks, including reserve requirement of $0 at September 30, 2021 and December 31, 2020 $ 17,321 $ 5,552
Interest-earning deposits in other depository institutions 113,589 172,701
Cash and cash equivalents 130,910 178,253
Investment securities available-for-sale 44,071 24,005
Other investments 2,476 1,596
Loans, net 563,539 592,254
Other real estate owned   1,292
Premises and equipment, net 7,425 8,617
Bank owned life insurance 15,285 15,311
Intangible assets 18,797 18,940
Accrued interest receivable and other assets 7,462 10,360
Total assets 789,965 850,628
Liabilities:    
Savings accounts 92,003 96,591
Interest-bearing checking 82,750 129,813
Market rate checking 138,592 121,317
Non-interest-bearing checking 196,990 160,819
Certificates of deposit 104,896 131,625
Total deposits 615,231 640,165
Federal Home Loan Bank advances 49,020 19,117
Paycheck Protection Program Liquidity Facility (PPPLF) borrowings   100,813
Other borrowings   5,000
Accrued interest payable and other liabilities 6,011 4,748
Total liabilities 670,262 769,843
Stockholders' equity:    
Common stock (par value $0.01 per share, 40,000,000 shares authorized, 6,872,634 issued and outstanding at September 30, 2021 and 19,000,000 shares authorized, 6,968,469 issued and 6,865,653 outstanding at December 31, 2020) [1] 69 69
Preferred stock (10,000,000 shares authorized, no shares outstanding at September 30, 2021 and 1,000,000 shares authorized, no shares outstanding at December 31, 2020)
Additional paid in capital 67,899 33,628
Treasury stock, 102,816 shares at December 31, 2020, at cost [1]   (1,268)
Unearned ESOP shares (5,056) (2,453)
Retained earnings 56,905 50,650
Accumulated other comprehensive (loss) income (114) 159
Total stockholders' equity 119,703 80,785
Total liabilities and stockholders' equity $ 789,965 $ 850,628
[1] Amounts related to periods prior to the date of Conversion (January 20, 2021) have been restated to give the retroactive recognition to the exchange ratio applied in the Conversion (0.90686) (see Note 1).