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
Jun. 30, 2022
Dec. 31, 2021
Assets:    
Cash and due from banks $ 1,174 $ 814
Interest-bearing bank deposits 31,650 120,797
Cash and cash equivalents 32,824 121,611
Time deposits with other financial institutions 3,970 3,469
Securities available for sale 121,247 100,950
Federal Home Loan Bank stock (FHLB) 550 550
Loans held for sale 0 104
Loans, net of unearned income 96,147 97,313
Allowance for loan losses (769) (779)
Loans, net 95,378 96,534
Premises and equipment, net 5,154 5,087
Accrued interest receivable 757 641
Bank-owned life insurance (BOLI) 9,158 9,071
Other assets 5,211 2,852
Total assets 274,249 340,869
Deposits:    
Noninterest bearing 12,917 99,090
Interest-bearing    
Demand and NOW checking 16,871 17,931
Money market 46,508 45,414
Savings 48,599 50,312
Time deposits over $250,000 8,921 9,380
Other time deposits 52,521 63,494
Total deposits 186,337 285,621
Escrow deposits 1,416 1,442
Other borrowings 0 5,000
Accrued expenses and other liabilities 2,984 3,623
Total liabilities 190,737 295,686
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 50,411 0
Retained earnings 45,134 45,264
Unallocated common shares held by ESOP (4,232) 0
Accumulated other comprehensive loss, net (7,855) (81)
Total stockholders' equity 83,512 45,183
Total liabilities and stockholders' equity $ 274,249 $ 340,869