CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Cash and due from banks:
Noninterest bearing deposits and cash	$ 2,320	$ 5,182
Interest bearing deposits	68,489	33,311
Total cash and cash equivalents	70,809	38,493
Investment securities:
Available-for-sale securities, at fair value	90,547	84,520
Other investments, at cost	4,450	4,450
Total investment securities	94,997	88,970
Federal Reserve Bank stock, at cost	2,523	2,627
Federal Home Loan Bank stock, at cost	8,072	3,874
Loans receivable (net of allowance for credit losses: 2023: $24,098 and 2022: $10,310)	906,636	838,006
Loans held for sale	5,860	5,211
Accrued interest and dividends receivable	7,628	7,267
Premises and equipment, net	30,262	30,641
Deferred tax asset	20,386	15,527
Goodwill	1,107	1,107
Core deposit intangible, net	226	249
Other assets	9,202	11,387
Total assets	1,157,708	1,043,359
Deposits:
Noninterest bearing deposits	127,817	269,636
Interest bearing deposits	735,562	590,810
Total deposits	863,379	860,446
Federal Home Loan Bank and correspondent bank borrowings	207,000	85,000
Senior notes, net	11,653	11,640
Subordinated debt, net	9,854	9,840
Junior subordinated debt owed to unconsolidated trust, net	8,132	8,128
Note payable	481	585
Advances from borrowers for taxes and insurance	3,094	886
Accrued expenses and other liabilities	7,704	7,251
Total liabilities	1,111,297	983,776
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 June 30, 2023: 4,038,927 shares issued; 3,965,186 shares outstanding; As of December 31, 2022: 4,038,927 shares issued; 3,965,186 shares outstanding.	106,611	106,565
Accumulated deficit	(44,161)	(31,337)
Accumulated other comprehensive loss	(16,039)	(15,645)
Total shareholders' equity	46,411	59,583
Total liabilities and shareholders' equity	$ 1,157,708	$ 1,043,359