XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 13,868 $ 13,508
Interest-bearing deposits in banks 112,148 51,647
Investment securities available for sale, at fair value 344,212 364,296
Loans held for sale 760 3,753
Loans receivable (net of allowance for loan losses of $15,124 and $13,847) 1,350,260 1,141,969
Federal Home Loan Bank (FHLB) stock, at cost 5,196 5,977
Accrued interest receivable 5,289 6,966
Premises and equipment, net 19,830 14,785
Servicing rights on sold loans, net 3,282 2,120
Bank-owned life insurance, net 39,318 38,353
Goodwill and other intangible assets 1,183 0
Prepaid expenses and other assets 25,735 10,975
Total assets 1,921,081 1,654,349
LIABILITIES AND SHAREHOLDERS' EQUITY    
Deposits 1,580,580 1,333,517
Borrowings 80,000 109,977
Subordinated debt, net 39,280 0
Accrued interest payable 393 53
Accrued expenses and other liabilities 29,240 23,303
Advances from borrowers for taxes and insurance 1,108 1,116
Total liabilities 1,730,601 1,467,966
Commitments and Contingencies (Note 13)
Shareholders' Equity    
Preferred stock, $0.01 par value, authorized 5,000,000 shares, no shares issued or outstanding 0 0
Common stock, $0.01 par value, authorized 75,000,000 shares; issued and outstanding 9,972,698 at December 31, 2021; issued and outstanding 10,247,185 at December 31, 2020 100 102
Additional paid-in capital 96,131 97,412
Retained earnings 103,014 92,657
Accumulated other comprehensive income, net of tax 288 5,442
Unearned employee stock ownership plan (ESOP) shares (8,572) (9,230)
Total parent's shareholders' equity 190,961 186,383
Noncontrolling interest in Quin Ventures, Inc. (481) 0
Total shareholders' equity 190,480 186,383
Total liabilities and shareholders' equity $ 1,921,081 $ 1,654,349