Financial Statements

Consolidated Reports of Financial Condition

Dollar Amounts in Thousands

As of December 31

Assets

2021

2020

Cash and balances due from banks
$183,866
$127,440
Securities - Available-for-sale
25,463
978
Loans receivable
321,199
330,033
Less: Allowance for loan losses
2,631
2,820
Loans receivable, net
318,568
327,213
Premises and fixed assets
8,794
9,525
Other real estate owned
-
-
Goodwill
13,785
13,785
Other assets
6,821
6,581

Liabilities and Equity Capital

2021

2020

Interest-bearing deposits
$307,466
$268,906
Noninterest-bearing deposits
184,576
155,072
Other borrowed money
3,094
2,194
Other liabilities
6,880
7,544
Total liabilities
502,016
433,716
Total equity capital
55,281
51,806