Financial Statements

Consolidated Reports of Financial Condition

Dollar Amounts in Thousands

As of December 31

Assets

2020

2019

Cash and balances due from banks
$127,440
$81,895
Securities - Available-for-sale
978
1,001
Loans receivable
330,033
312,408
Less: Allowance for loan losses
2,820
2,601
Loans receivable, net
327,213
309,807
Premises and fixed assets
9,525
8,673
Other real estate owned
-
-
Goodwill
13,785
13,785
Other assets
6,581
5,748

Liabilities and Equity Capital

2020

2019

Interest-bearing deposits
$268,906
$247,930
Noninterest-bearing deposits
155,072
111,677
Other borrowed money
2,194
2,258
Other liabilities
7,544
7,812
Total liabilities
433,716
369,677
Total equity capital
51,806
51,232