CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Cash and due from banks:
Noninterest bearing deposits and cash	$ 2,195,000	$ 5,182,000
Interest bearing deposits	50,322,000	33,311,000
Restricted cash	14,019,000	0
Total cash, cash equivalents and restricted cash	66,536,000	38,493,000
Investment securities:
Available-for-sale securities, at fair value	89,187,000	84,520,000
Other investments, at cost	4,450,000	4,450,000
Total investment securities	93,637,000	88,970,000
Federal Reserve Bank (FRB) stock, at cost	2,090,000	2,627,000
Federal Home Loan Bank (FHLB) stock, at cost	4,202,000	3,874,000
Loans receivable (net of allowance for credit losses: 2023: $15,925 and 2022: $10,310)	832,934,000	838,006,000
Loans held for sale	20,767,000	5,211,000
Accrued interest and dividends receivable	7,219,000	7,267,000
Premises and equipment, net	29,875,000	30,641,000
Other real estate owned	2,843,000	0
Deferred tax asset	24,134,000	15,527,000
Goodwill	0	1,107,000
Core deposit intangible, net	203,000	249,000
Other assets	8,985,000	11,387,000
Total assets	1,093,425,000	1,043,359,000
Deposits:
Noninterest bearing deposits	110,056,000	269,636,000
Interest bearing deposits	730,255,000	590,810,000
Total deposits	840,311,000	860,446,000
FHLB, FRB and correspondent bank borrowings	171,000,000	85,000,000
Senior notes, net	11,723,000	11,640,000
Subordinated debt, net	9,869,000	9,840,000
Junior subordinated debt owed to unconsolidated trust, net	8,137,000	8,128,000
Note payable	376,000	585,000
Advances from borrowers for taxes and insurance	1,164,000	886,000
Accrued expenses and other liabilities	6,462,000	7,251,000
Total liabilities	1,049,042,000	983,776,000
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 December 31, 2023: 4,049,814 shares issued; 3,976,073 shares outstanding; As of December 31, 2022: 4,038,927 shares issued; 3,965,186 shares outstanding;	106,670,000	106,565,000
Accumulated deficit	(47,026,000)	(31,337,000)
Accumulated other comprehensive loss	(15,261,000)	(15,645,000)
Total shareholders' equity	44,383,000	59,583,000
Total liabilities and shareholders' equity	$ 1,093,425,000	$ 1,043,359,000