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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets:    
Cash and due from banks $ 38,418 $ 71,110
Interest-bearing deposits in other banks 193,102 24,999
Cash and cash equivalents 231,520 96,109
Investment securities available-for-sale, at fair value 156,396 10,698
Loans receivable held for investment, net of allowance of $3,391 and $3,215 648,513 360,129
Accrued interest receivable 3,372 1,202
Federal Home Loan Bank (FHLB) stock 2,573 3,431
Federal Reserve Bank (FRB) stock 693 0
Office properties and equipment, net 10,344 2,540
Bank owned life insurance 3,190 3,147
Deferred tax assets, net 6,101 5,633
Core deposit intangible, net 2,936 0
Goodwill 25,996 0
Other assets 1,871 489
Total assets 1,093,505 483,378
Liabilities:    
Deposits 788,052 315,630
FHLB advances 85,952 110,500
Junior subordinated debentures 0 3,315
Securities sold under agreements to repurchase 51,960 0
Notes payable 14,000 0
Other liabilities 12,441 5,048
Total liabilities 952,405 434,493
Commitments and Contingencies
Stockholders' Equity:    
Additional paid-in capital 140,289 46,851
Retained earnings 3,673 7,783
Unearned Employee Stock Ownership Plan (ESOP) shares (829) (893)
Accumulated other comprehensive (loss) income, net of tax (551) 164
Treasury stock-at cost, 2,617,826 shares at December 31, 2021 and at December 31, 2020 (5,326) (5,326)
Total stockholders' equity 141,000 48,885
Non-controlling interest 100 0
Total liabilities and stockholders' equity 1,093,505 483,378
Cumulative Redeemable Perpetual Preferred stock, Series A [Member]    
Stockholders' Equity:    
Cumulative Redeemable Perpetual Preferred stock, Series A, authorized 3,000 shares at December 31, 2021 and none at December 31, 2020; issued and outstanding 3,000 shares at December 31, 2021 and none at December 31, 2020, liquidation value $1,000 per share 3,000 0
Class A Voting Common Stock [Member]    
Stockholders' Equity:    
Common stock 463 219
Class B Non-Voting Common Stock [Member]    
Stockholders' Equity:    
Common stock 114 0
Class C Non-Voting Common Stock [Member]    
Stockholders' Equity:    
Common stock $ 167 $ 87