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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Dec. 31, 2020
ASSETS      
Noninterest-bearing cash equivalents $ 7,563 $ 8,620 $ 5,709
Interest-bearing deposits with other institutions 55,433 13,970 27,453
Cash and cash equivalents 62,996 22,590 33,162
Certificates of deposit with other banks 11,088 12,828 17,051
Securities available for sale, at fair value 85,756 103,783 125,447
Securities held to maturity (Fair value of $4,981 and $0, respectively) 28,816    
Loans held for sale 0 3,860 1,015
Loans receivable, net of allowance for loan losses 786,516 711,664 233,795
Investments in restricted bank stock 2,567 2,685 2,268
Premises and equipment, net 7,915 5,289 3,428
Right-of-Use Asset – Premises 4,513 4,680 370
Bank-owned life insurance 19,012 18,787 8,941
Goodwill and other intangible assets 37,020 37,152 2,509
Deferred tax asset 5,777 4,038  
Accrued interest receivable and other assets 7,909 5,407 1,558
TOTAL ASSETS 1,059,885 932,763 429,544
Deposits:      
Total deposits 902,373 771,665 375,124
Other Borrowings 1,639 19,814 1,120
Subordinated Debt 40,585 20,696 0
Operating lease liabilities 4,513 4,680 370
Deferred tax liability   0 22
Accrued interest payable and other liabilities 6,004 6,285 2,234
TOTAL LIABILITIES 955,114 823,140 378,870
COMMITMENTS AND CONTINGENT LIABILITIES  
SHAREHOLDERS' EQUITY      
Preferred stock  
Common stock 99 99 57
Surplus 83,070 82,910 21,604
Retained earnings 26,491 24,836 26,009
Accumulated other comprehensive (loss) income (4,889) 1,778 3,192
Treasury stock (0 and 24,265 shares at December 31, 2021 and December 31, 2020, respectively     (188)
TOTAL SHAREHOLDERS' EQUITY 104,771 109,623 50,674
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 1,059,885 932,763 429,544
Demand, noninterest bearing      
Deposits:      
Total deposits 184,345 129,243 66,573
Interest bearing      
Deposits:      
Total deposits $ 718,028 $ 642,422 $ 308,551