XML 104 R89.htm IDEA: XBRL DOCUMENT v3.22.0.1
Condensed Parent Company Only Financial Information - Summary of Condensed Statements of Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net income $ 7,573 $ 3,088
Adjustments to reconcile net income to net cash used in operating activities    
Net cash provided by operating activities 11,851 1,371
Cash flows from investing activities:    
Net cash used in investing activities (9,623) (110,383)
Cash flows from financing activities:    
Proceeds from stock offering 37,108 0
Stock offering expenses (1,699) 0
Funding of ESOP (2,961) 0
Net cash (used in) provided by financing activities (68,705) 239,148
Parent    
Cash flows from operating activities:    
Net income 7,573 3,088
Adjustments to reconcile net income to net cash used in operating activities    
Equity in undistributed earnings of Bank (7,716) (3,601)
Other (311) (256)
Net cash provided by operating activities (454) (769)
Cash flows from investing activities:    
Payments from ESOP loan 131 209
Cash paid in business combination   (40,388)
Purchase ABB preferred stock   (10,848)
Capital injection into the Bank (16,267) (5,000)
Net cash used in investing activities (16,136) (56,236)
Cash flows from financing activities:    
Proceeds from stock offering 37,108  
Stock offering expenses (1,699)  
Funding of ESOP (2,961)  
Proceeds from other borrowings   5,000
Repay other borrowings (5,000)  
Dividend from Bank   40,600
Net cash (used in) provided by financing activities 27,448 45,600
Net change in cash and cash equivalents 10,858 (11,405)
Cash and cash equivalents at beginning of period 364 11,560
Cash and cash equivalents at end of period $ 11,222 $ 364