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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 80,702 $ 108,990
Interest-bearing deposits with banks 32,460 30,664
Securities available for sale ("AFS"), at fair value 507,527 497,839
Equity securities carried at fair value through income 4,562 4,772
Non-marketable equity securities held in other financial institutions 207 207
Federal Home Loan Bank ("FHLB") stock - at cost 1,685 1,472
Loans held for sale 373 0
Net loans 1,623,435 1,586,791
Goodwill 10,835 10,835
Premises and equipment, net 21,304 21,427
Accrued interest receivable 5,389 5,588
Investment in bank owned life insurance 39,145 38,932
Core deposit intangible 924 1,032
Net deferred tax assets 15,523 9,033
Right of use assets - operating leases 6,033 6,124
Other assets 1,819 3,600
Total Assets 2,351,923 2,327,306
Liabilities and Stockholders’ Equity    
Non-interest-bearing deposits 644,385 445,778
Interest-bearing deposits 1,450,698 1,610,386
Total Deposits 2,095,083 2,056,164
Long-term debt 12,213 12,231
Guaranteed preferred beneficial interest in junior subordinated debentures ("TRUPs") 12,000 12,000
Subordinated notes net of debt issuance costs - 4.75% 19,524 19,510
Lease liabilities - operating leases 6,266 6,343
Accrued expenses and other liabilities 13,697 12,925
Total Liabilities 2,158,783 2,119,173
Stockholders’ Equity    
Common stock - par value $0.01; authorized - 15,000,000 shares; issued 5,686,799 and 5,718,528 shares, respectively 57 57
Additional paid in capital 97,189 96,896
Retained earnings 115,179 113,448
Accumulated other comprehensive losses (18,969) (1,952)
Unearned ESOP shares (316) (316)
Total Stockholders’ Equity 193,140 208,133
Total Liabilities and Stockholders’ Equity 2,351,923 2,327,306
U.S. SBA PPP    
Assets    
Net loans 15,279 26,398
Portfolio Loans    
Assets    
Net loans $ 1,608,156 $ 1,560,393