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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 77,376 $ 45,879
Interest-bearing deposits in other financial institutions 100 100
Securities available for sale 10,802 8,174
Loans held for sale, at fair value 165,891 135,711
Loans and leases, net of allowance of $10,107 and $7,138 846,529 663,303
FHLB and FRB stock 5,216 4,008
Premises and equipment, net 4,005 3,991
Operating lease right-of-use assets 1,588 1,780
Bank owned life insurance 5,416 5,345
Accrued interest receivable and other assets 29,165 12,254
Total assets 1,146,088 880,545
Deposits    
Noninterest bearing 148,188 115,530
Interest bearing 700,850 630,793
Total deposits 849,038 746,323
FHLB advances and other debt 165,806 29,017
Advances by borrowers for taxes and insurance 782 929
Operating lease liabilities 1,750 1,960
Accrued interest payable and other liabilities 21,320 6,846
Subordinated debentures 14,825 14,806
Total liabilities 1,053,521 799,881
Commitments and contingent liabilities
Stockholders' equity    
Common stock 54 54
Additional paid-in capital 87,276 86,903
Retained earnings (accumulated deficit) 9,142 (2,932)
Accumulated other comprehensive income 146 28
Treasury stock, at cost; 95,809 shares of common stock at June 30, 2020 and 32,940 shares of common stock at December 31, 2019 (4,064) (3,389)
Total stockholders' equity 92,567 80,664
Total liabilities and stockholder's equity 1,146,088 880,545
Non-Voting Common Stock [Member]    
Stockholders' equity    
Common stock 13  
Total stockholders' equity 13
Series B Preferred Stock [Member]    
Stockholders' equity    
Preferred stock
Series C Preferred Stock [Member]    
Stockholders' equity    
Preferred stock