XML 18 R2.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Cash and cash equivalents:    
Cash and due from banks $ 6,487 $ 2,405
Federal funds sold 1,491  
Interest-bearing deposits in other financial institutions 379,005 153,584
Total cash and cash equivalents 386,983 155,989
Available-for-sale securities, at fair value 56,211 36,666
Correspondent bank stock, at cost 2,584 2,552
Mortgage loans held for sale 30,620 161,843
Loans, net of allowance of $13,732 and $12,539 1,935,405 1,520,294
Premises and equipment, net 23,976 5,320
Accrued interest receivable 7,151 6,618
Accounts receivable 5,267 4,865
Other receivables 1,949 1,422
Other real estate owned, net   194
Goodwill and other intangible assets, net 31,902 24,258
Deferred tax assets, net 6,845 6,056
Company-owned life insurance 15,803 15,449
Other assets 22,678 32,129
Assets held for sale 115  
Total assets 2,527,489 1,973,655
Deposits:    
Noninterest-bearing 636,304 481,457
Interest-bearing 1,569,399 1,138,453
Total deposits 2,205,703 1,619,910
Borrowings:    
Federal Home Loan Bank and Federal Reserve borrowings 38,629 149,563
Subordinated notes 39,031 24,291
Accrued interest payable 355 453
Other liabilities 24,730 24,476
Total liabilities 2,308,448 1,818,693
SHAREHOLDERS' EQUITY    
Preferred stock - no par value; 10,000,000 shares authorized; 0 issued and outstanding
Common stock - no par value; 90,000,000 shares authorized; 9,419,271 and 7,951,773 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively
Additional paid-in capital 188,629 144,703
Retained earnings 30,189 9,579
Accumulated other comprehensive income 223 680
Total shareholders' equity 219,041 154,962
Total liabilities and shareholders' equity $ 2,527,489 $ 1,973,655