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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 23,997 $ 26,053
Interest-bearing deposits 85,046 218,765
Cash and cash equivalents 109,043 244,818
Securities:    
Debt securities available for sale (amortized cost of $98,514 in 2022 and $56,442 in 2021) 93,972 56,480
Securities held to maturity (fair value of $32,653 in 2022 and $14,229 in 2021) 36,813 14,276
Equity securities with readily determinable fair values (amortized cost of $9,703 in 2022 and 8,163 in 2021) 9,050 8,566
Total securities 139,835 79,322
Loans:    
Total loans 1,801,593 1,649,448
Allowance for loan losses (22,858) (22,302)
Net loans 1,778,735 1,627,146
Premises and equipment, net 19,288 19,914
Bank owned life insurance ("BOLI") 26,464 26,608
Deferred tax assets 11,933 10,040
Federal Home Loan Bank ("FHLB") stock 9,223 3,550
Accrued interest receivable 9,961 9,586
Goodwill 1,516 1,516
Prepaid expenses and other assets 11,158 11,213
Total assets 2,117,156 2,033,713
Deposits:    
Noninterest-bearing demand 511,062 529,227
Interest-bearing demand 249,997 244,073
Savings 670,129 694,161
Time, under $100,000 167,462 194,961
Time, $100,000 to $250,000 63,105 62,668
Time, $250,000 and over 36,212 33,791
Total deposits 1,697,967 1,758,881
Borrowed funds 165,000 40,000
Subordinated debentures 10,310 10,310
Accrued interest payable 128 129
Accrued expenses and other liabilities 22,962 18,664
Total liabilities 1,896,367 1,827,984
Shareholders' equity:    
Common stock 95,650 94,003
Retained earnings 139,394 123,037
Treasury stock (11,633) (11,633)
Accumulated other comprehensive(loss) income (2,622) 322
Total shareholders' equity 220,789 205,729
Total liabilities and shareholders' equity 2,117,156 2,033,713
SBA loans held for sale    
Loans:    
Total loans 32,183 27,373
SBA loans held for investment    
Loans:    
Total loans 33,089 36,075
Allowance for loan losses (758) (1,074)
SBA PPP loans    
Loans:    
Total loans 14,216 46,450
Commercial loans    
Loans:    
Total loans 1,026,313 931,726
Allowance for loan losses (14,908) (15,053)
Residential mortgage loans    
Loans:    
Total loans 481,687 409,355
Allowance for loan losses (4,786) (4,114)
Consumer loans    
Loans:    
Total loans 79,645 77,944
Allowance for loan losses (803) (671)
Residential construction loans    
Loans:    
Total loans 134,460 120,525
Allowance for loan losses $ (1,603) $ (1,390)