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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Assets    
Cash and due from banks, including reserve requirement of $0 at June 30, 2021 and December 31, 2020 $ 15,343 $ 5,552
Interest-earning deposits in other depository institutions 100,373 172,701
Cash and cash equivalents 115,716 178,253
Investment securities available-for-sale 36,591 24,005
Other investments 2,476 1,596
Loans, net 582,624 592,254
Other real estate owned   1,292
Premises and equipment, net 7,451 8,617
Bank owned life insurance 15,192 15,311
Intangible assets 18,845 18,940
Accrued interest receivable and other assets 7,912 10,360
Total assets 786,807 850,628
Liabilities:    
Savings accounts 95,057 96,591
Interest-bearing checking 81,382 129,813
Market rate checking 134,139 121,317
Non-interest-bearing checking 195,146 160,819
Certificate of deposits 106,173 131,625
Total deposits 611,897 640,165
Federal Home Loan Bank advances 49,052 19,117
Paycheck Protection Program Liquidity Facility (PPPLF) borrowings   100,813
Other borrowings   5,000
Accrued interest payable and other liabilities 8,223 4,748
Total liabilities 669,172 769,843
Stockholders' equity:    
Common stock (par value $0.01 per share, 40,000,000 shares authorized, 6,872,634 issued and outstanding at June 30, 2021 and 19,000,000 shares authorized, 6,968,469 issued and 6,865,653 outstanding at December 31, 2020) [1] 69 77
Preferred stock (10,000,000 shares authorized, no shares outstanding at June 30, 2021 and 1,000,000 shares authorized, no shares outstanding at December 31, 2020)
Additional paid in capital 67,972 33,620
Treasury stock, 102,816 shares at December 31, 2020, at cost [1]   (1,268)
Unearned ESOP shares (5,310) (2,453)
Retained earnings 55,100 50,650
Accumulated other comprehensive (loss) income (196) 159
Total stockholders' equity 117,635 80,785
Total liabilities and stockholders' equity $ 786,807 $ 850,628
[1] Amounts related to periods prior to the date of Conversion (January 20, 2021) have been restated to give the retroactive recognition to the exchange ratio applied in the Conversion (0.90686) (see Note 1).