Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Current Period Unaudited)

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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets:    
Cash and due from banks $ 1,163 $ 814
Interest-bearing bank deposits 50,389 120,797
Cash and cash equivalents 51,552 121,611
Time deposits with other financial institutions 3,478 3,469
Securities available for sale 113,456 100,950
Federal Home Loan Bank stock (FHLB) 550 550
Loans held for sale 175 104
Loans, net of unearned income 98,130 97,313
Allowance for loan losses (785) (779)
Loans, net 97,345 96,534
Premises and equipment, net 5,065 5,087
Accrued interest receivable 696 641
Bank-owned life insurance (BOLI) 9,114 9,071
Other assets 3,480 2,852
Total assets 284,911 340,869
Deposits:    
Noninterest bearing 13,194 99,090
Interest-bearing    
Demand and NOW checking 17,642 17,931
Money market 45,485 45,414
Savings 48,233 50,312
Time deposits over $250,000 9,158 9,380
Other time deposits 54,440 63,494
Total deposits 188,152 285,621
Escrow deposits 1,994 1,442
Other borrowings 5,000 5,000
Accrued expenses and other liabilities 3,140 3,623
Total liabilities 198,286 295,686
Stockholders' equity:    
Common Stock ($0.01 par value; 10,000,000 shares authorized; 5,397,959 shares issued and outstanding) 54 0
Additional paid-in capital 50,405 0
Retained earnings 44,985 45,264
Unallocated common shares held by ESOP (4,275) 0
Accumulated other comprehensive income, net (4,544) (81)
Total stockholders' equity 86,625 45,183
Total liabilities and stockholders' equity $ 284,911 $ 340,869