XML 16 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 108,990 $ 56,887
Interest-bearing deposits with banks 30,664 20,178
Securities available for sale ("AFS"), at fair value 497,839 246,105
CRA investment fund 4,772 4,855
Other equity securities 207 207
Federal Home Loan Bank ("FHLB") stock - at cost 1,472 2,777
Net loans 1,586,791 1,594,075
Goodwill 10,835 10,835
Premises and equipment, net 21,427 20,271
Premises and equipment held for sale 0 430
Other real estate owned ("OREO") 0 3,109
Accrued interest receivable 5,588 8,717
Investment in bank owned life insurance 38,932 38,061
Core deposit intangible 1,032 1,527
Net deferred tax assets 9,033 7,909
Right of use assets - operating leases 6,124 7,831
Other assets 3,600 2,665
Total Assets 2,327,306 2,026,439
Deposits    
Non-interest-bearing deposits 445,778 362,079
Interest-bearing deposits 1,610,386 1,383,523
Total deposits 2,056,164 1,745,602
Long-term debt 12,231 27,302
Guaranteed preferred beneficial interest in junior subordinated debentures 12,000 12,000
Subordinated notes - 4.75% 19,510 19,526
Lease liabilities - operating leases 6,343 8,088
Accrued expenses and other liabilities 12,925 15,908
Total Liabilities 2,119,173 1,828,426
Stockholders' Equity    
Common stock - par value $0.01; authorized - 15,000,000 shares; issued 5,718,528 and 5,903,613 shares, respectively 57 59
Additional paid in capital 96,896 95,965
Retained earnings 113,448 97,944
Accumulated other comprehensive (loss) income (1,952) 4,504
Unearned ESOP shares (316) (459)
Total Stockholders' Equity 208,133 198,013
Total Liabilities and Stockholders' Equity 2,327,306 2,026,439
Gross U.S. Small Business Administration ("SBA") Paycheck Protection Program ("PPP") loans    
Assets    
Net loans 26,398 107,960
Portfolio Loans    
Assets    
Net loans $ 1,560,393 $ 1,486,115