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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets:    
Cash and due from banks $ 7,448 $ 6,477
Interest-bearing deposits in banks 75,824 39,751
Total cash & cash equivalents 83,272 46,228
Investment securities held to maturity (fair value $101,067 and $120,157, respectively) 116,671 122,658
Investment securities available for sale, at fair value 339,464 401,542
Federal Home Loan Bank stock, at cost 3,402 2,100
Loans held for investment, net of allowance of $15,786 and $15,057, respectively 1,356,947 1,175,024
Accrued interest receivable 5,991 5,975
Premises and equipment, net 5,088 5,278
Bank owned life insurance 42,249 41,720
Deferred tax asset, net 43,059 34,929
Lease right-of-use asset 13,574 14,185
Other assets 6,369 4,300
Total assets 2,016,086 1,853,939
Deposits:    
Demand 653,708 605,425
Money market and savings accounts 802,841 703,856
Interest-bearing checking accounts 63,416 55,878
Time deposits 218,755 225,220
Total deposits 1,738,720 1,590,379
Federal Home Loan Bank advances 66,000 36,000
Lease liability 13,574 14,185
Accrued interest and other liabilities 17,724 9,478
Total liabilities 1,836,018 1,650,042
Stockholders' Equity:    
Additional paid-in capital on common stock [1] 311,024 310,666
Accumulated deficit (114,096) (124,245)
Accumulated other comprehensive loss (36,861) (2,516)
Total stockholders' equity 180,068 203,897
Total liabilities and stockholders' equity 2,016,086 1,853,939
Preferred Stock Class C [Member]    
Stockholders' Equity:    
Preferred stock
Preferred Stock Class D [Member]    
Stockholders' Equity:    
Preferred stock
Preferred Stock Class E [Member]    
Stockholders' Equity:    
Preferred stock
Common Class A [Member]    
Stockholders' Equity:    
Common stock [1] 20,001 19,992
Common Class B [Member]    
Stockholders' Equity:    
Common stock
[1] <div>(1) Class A common stock outstanding and additional paid-in-capital for December 31, 2020 were adjusted to reflect the 1 for 5 reverse stock split. See Note 13 "Stockholders' Equity" for further discussion on the stock split.</div>