Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Interest bearing cash and cash equivalents	$ 434	$ 746
Non-interest bearing cash and cash equivalents	5,986	1,467
Federal funds sold	30,225	59,725
Total cash and cash equivalents	36,645	61,938
Securities available for sale	29,796	21,313
Equity securities	479	0
Loans, net of allowance of $2,841 and $2,406, as of December 31, 2022 and 2021	329,943	252,160
Premises and equipment, net	10,851	9,484
Foreclosed real estate	50	400
Accrued interest receivable	1,162	775
Restricted equity securities	2,033	859
Bank owned life insurance	8,964	5,737
Deferred tax asset, net	2,194	1,323
Other assets	1,112	720
Total assets	423,229	354,709
Deposits
Non-interest bearing	16,281	13,349
Interest bearing	276,668	218,672
Total deposits	292,949	232,021
Federal Home Loan Bank advances	25,000	18,500
Accrued interest payable	155	60
Other liabilities	4,943	4,394
Total liabilities	323,047	254,975
Shareholders’ equity
Common stock, $0.01 par value; 50,000,000 and 20,000,000 shares authorized; 7,394,615 and 7,405,893 shares outstanding at December 31, 2022 and December 31, 2021	74	74
Additional paid-in capital	50,161	49,674
Retained earnings	56,561	53,267
Accumulated other comprehensive income	(3,558)	277
Unearned ESOP shares, at cost	(3,056)	(3,558)
Total shareholders’ equity	100,182	99,734
Total liabilities and shareholders’ equity	$ 423,229	$ 354,709