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
Sep. 30, 2022
Dec. 31, 2021
Assets:    
Cash and due from banks $ 1,047 $ 814
Interest-bearing bank deposits 17,070 120,797
Cash and cash equivalents 18,117 121,611
Time deposits with other financial institutions 4,219 3,469
Securities available for sale 125,267 100,950
Federal Home Loan Bank stock (FHLB) 550 550
Loans held for sale 104 104
Loans, net of unearned income 98,431 97,313
Allowance for loan losses (685) (779)
Loans, net 97,746 96,534
Premises and equipment, net 5,101 5,087
Accrued interest receivable 831 641
Bank-owned life insurance (BOLI) 9,203 9,071
Other assets 7,040 2,852
Total assets 268,178 340,869
Deposits:    
Noninterest bearing 12,725 99,090
Interest-bearing    
Demand and NOW checking 18,710 17,931
Money market 45,529 45,414
Savings 48,926 50,312
Time deposits over $250,000 8,435 9,380
Other time deposits 49,136 63,494
Total deposits 183,461 285,621
Escrow deposits 936 1,442
Other borrowings 0 5,000
Accrued expenses and other liabilities 4,622 3,623
Total liabilities 189,019 295,686
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 50,416 0
Retained earnings 45,252 45,264
Unallocated common shares held by ESOP (4,189) 0
Accumulated other comprehensive loss, net (12,374) (81)
Total stockholders' equity 79,159 45,183
Total liabilities and stockholders' equity $ 268,178 $ 340,869