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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 40,881 $ 56,887
Federal funds sold 79,404 0
Interest-bearing deposits with banks 18,626 20,178
Investment securities - AFS 347,678 246,105
Equity securities carried at fair value through income 4,814 4,855
Non-marketable equity securities held in other financial institutions 207 207
Federal Home Loan Bank ("FHLB") stock - at cost 2,036 2,777
Net loans 1,602,375 1,594,075
Goodwill 10,835 10,835
Premises and equipment, net 21,630 20,271
Other real estate owned ("OREO") 1,536 3,109
Accrued interest receivable 6,590 8,717
Investment in bank owned life insurance 38,493 38,061
Core deposit intangible 1,267 1,527
Net deferred tax assets 8,139 7,909
Right of use assets - operating leases 6,305 7,831
Other assets 4,243 3,095
Total Assets 2,195,059 2,026,439
Liabilities and Stockholders’ Equity    
Non-interest-bearing deposits 423,165 362,079
Interest-bearing deposits 1,484,973 1,383,523
Total deposits 1,908,138 1,745,602
Long-term debt 27,267 27,302
Guaranteed preferred beneficial interest in junior subordinated debentures ("TRUPs") 12,000 12,000
Subordinated notes net of debt issuance costs - 4.75% 19,482 19,526
Lease liabilities - operating leases 6,512 8,088
Accrued expenses and other liabilities 17,698 15,908
Total Liabilities 1,991,097 1,828,426
Stockholders’ Equity    
Common stock - par value $0.01; authorized - 15,000,000 shares; issued 5,786,928 and 5,903,613 shares, respectively 58 59
Additional paid in capital 96,411 95,965
Retained earnings 104,889 97,944
Accumulated other comprehensive income 3,063 4,504
Unearned ESOP shares (459) (459)
Total Stockholders’ Equity 203,962 198,013
Total Liabilities and Stockholders’ Equity 2,195,059 2,026,439
U.S. SBA PPP Loans    
Assets    
Net loans 86,482 107,960
Portfolio Loans    
Assets    
Net loans $ 1,515,893 $ 1,486,115