Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
ASSETS:
Cash and due from banks	$ 17,128	$ 16,686
Federal funds sold	181,854	215,696
Total cash and cash equivalents	198,982	232,382
Investment securities:
Available for sale, at fair value	44,227	47,012
Held to maturity, at amortized cost, net of allowance for credit losses of $81 and $0 at September 30, 2023 and December 31, 2022, respectively	105,017	108,866
Total investment securities	149,244	155,878
Loans, net of allowance for credit losses of $15,921 and $17,005 at September 30, 2023 and December 31, 2022, respectively	1,558,506	1,578,456
Premises and equipment, net	2,432	3,072
Bank owned life insurance (BOLI)	25,697	25,127
Goodwill and other intangible assets	7,442	7,472
Accrued interest receivable and other assets	41,614	39,828
Total assets	1,983,917	2,042,215
Deposits
Non-interest bearing	686,723	811,671
Interest bearing	1,020,358	980,069
Total deposits	1,707,081	1,791,740
Junior Subordinated debt securities	54,256	54,152
Accrued interest payable and other liabilities	32,465	24,069
Total liabilities	1,793,802	1,869,961
Commitments and Contingencies (Note 5)
Shareholders' equity
Common stock, no par value; 40,000,000 shares authorized; 8,395,483 and 8,332,479 issued and outstanding at September 30, 2023 and December 31, 2022, respectively	112,656	111,257
Retained earnings	78,824	62,297
Accumulated other comprehensive loss, net of taxes	(1,365)	(1,300)
Total shareholders' equity	190,115	172,254
Total liabilities and shareholders' equity	$ 1,983,917	$ 2,042,215