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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets:    
Cash and due from banks $ 11,852 $ 19,788
Interest-bearing deposits with banks 66,521 52,048
Total cash and cash equivalents 78,373 71,836
Debt securities available for sale 24,762 25,102
Debt securities held-to-maturity (fair value of $406 and $504) 445 540
Loans, net of allowance for credit losses of $6,645 and $5,793 518,829 477,218
Federal Home Loan Bank stock 717 600
Premises and equipment, net 1,162 934
Right-of-use lease assets 2,300 2,119
Accrued interest receivable 1,559 1,444
Deferred tax asset 3,091 3,836
Other assets 1,275 1,590
Total assets 632,513 585,219
Liabilities:    
Noninterest-bearing demand deposits 215,326 159,193
Savings, NOW and money-market deposits 128,732 108,726
Time deposits 207,573 239,980
Total deposits 551,631 507,899
Federal Home Loan Bank advances 10,000 10,000
Official checks 67 110
Operating lease liabilities 2,370 2,172
Other liabilities 2,516 2,458
Total liabilities 566,584 522,639
Commitments and contingencies (Notes 8 and 11)
Stockholders’ equity:    
Preferred stock, value
Common stock, $.01 par value; 10,000,000 shares authorized, 7,250,219 and 7,058,897 shares issued and outstanding 72 71
Additional paid-in capital 91,221 90,408
Accumulated deficit (19,789) (22,073)
Accumulated other comprehensive loss (5,575) (5,826)
Total stockholders’ equity 65,929 62,580
Total liabilities and stockholders’ equity 632,513 585,219
Series A Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value
Series B Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value