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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Cash and cash equivalents:    
Cash and due from banks $ 326,733,000 $ 201,270,000
Federal funds sold 292,000 2,290,000
Total cash and cash equivalents 327,025,000 203,560,000
Interest bearing time deposits in other banks 131,000 129,000
Investment securities available for sale 26,432,000 25,595,000
Loans held for sale 2,345,000
Loans, net of allowance for loan loss of $19,295 and $11,979 at December 31, 2021 and 2020, respectively 2,049,429,000 1,544,113,000
Accrued interest receivable 10,228,000 13,676,000
Premises and equipment, net 19,045,000 15,156,000
Other real estate owned 1,676,000 3,367,000
Bank-owned life insurance 26,528,000 25,961,000
Non-marketable equity securities, at cost 7,527,000 4,407,000
Deferred tax asset, net 4,123,000 4,039,000
Core Deposit Intangible, net 1,292,000 1,454,000
Goodwill 18,034,000 18,034,000
Other assets 7,942,000 5,457,000
Total assets 2,499,412,000 1,867,293,000
Deposits:    
Noninterest bearing 531,401,000 327,361,000
Interest bearing 1,609,798,000 1,306,470,000
Total deposits 2,141,199,000 1,633,831,000
Accrued interest payable 437,000 1,215,000
Other liabilities 7,769,000 6,654,000
FHLB advances 50,000,000 70,000,000
Line of credit - Senior Debt 1,000,000  
Note payable - Senior Debt   20,875,000
Note payable - Subordinated Debt   13,000,000
Total liabilities 2,200,405,000 1,745,575,000
Commitments and contingencies - ESOP-owned shares 2,300,000 1,302,000
Shareholders' equity:    
Common stock, $1 par value; 50,000,000 shares authorized; 13,481,786 and 6,350,184 issued; and 13,403,324 and 6,276,759 outstanding at December 31, 2021 and 2020, respectively 13,482,000 6,350,000
Additional paid-in capital 249,202,000 91,462,000
Retained earnings 36,029,000 24,605,000
Accumulated other comprehensive income 1,393,000 280,000
Treasury stock: at cost; 78,462 and 73,425 shares at December 31, 2021 and 2020, respectively (1,099,000) (979,000)
Stockholders' equity including ESOP owned shares 299,007,000 121,718,000
Less: ESOP-owned shares   1,302,000
Total shareholders' equity 299,007,000 120,416,000
Total liabilities & shareholders' equity $ 2,499,412,000 $ 1,867,293,000