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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets:    
Cash and due from banks $ 5,975 $ 6,477
Interest-bearing deposits in banks 67,351 39,751
Total cash & cash equivalents 73,326 46,228
Investment securities held to maturity (fair value $101,067 and $120,157, respectively) 178,865 122,658
Investment securities available for sale, at fair value 248,571 401,542
Federal Home Loan Bank stock, at cost 1,902 2,100
Loans held for investment, net of allowance of $15,786 and $15,057, respectively 1,414,909 1,175,024
Accrued interest receivable 6,568 5,975
Premises and equipment, net 4,923 5,278
Bank owned life insurance 42,514 41,720
Deferred tax asset, net 43,928 34,929
Lease right-of-use asset 13,484 14,185
Other assets 8,463 4,300
Total assets 2,037,453 1,853,939
Deposits:    
Demand 662,808 605,425
Money market and savings accounts 851,727 703,856
Interest-bearing checking accounts 63,721 55,878
Time deposits 218,386 225,220
Total deposits 1,796,642 1,590,379
Federal Home Loan Bank advances 26,000 36,000
Lease liability 13,484 14,185
Accrued interest and other liabilities 23,910 9,478
Total liabilities 1,860,036 1,650,042
Stockholders' Equity:    
Additional paid-in capital on common stock [1] 311,156 310,666
Accumulated deficit (108,538) (124,245)
Accumulated other comprehensive loss (45,202) (2,516)
Total stockholders' equity 177,417 203,897
Total liabilities and stockholders' equity 2,037,453 1,853,939
Preferred Stock Class C [Member]    
Stockholders' Equity:    
Preferred stock
Preferred Stock Class D [Member]    
Stockholders' Equity:    
Preferred stock
Preferred Stock Class E [Member]    
Stockholders' Equity:    
Preferred stock
Common Class A [Member]    
Stockholders' Equity:    
Common stock [1] 20,001 19,992
Common Class B [Member]    
Stockholders' Equity:    
Common stock
[1] <div>(1) Class A common stock outstanding and additional paid-in-capital for December 31, 2020 were adjusted to reflect the 1 for 5 reverse stock split. See Note 13 "Stockholders' Equity" for further discussion on the stock split.</div>