Annual report pursuant to Section 13 and 15(d)

Income Taxes - Deferred Tax Assets and Liabilities (Details)

v3.20.4
Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Deferred tax assets:    
Allowance for loan losses $ 3,271 $ 1,341
Organizational costs 41 28
Purchase accounting 1,416 1,895
Net operating loss 39 868
Stock Option Expense 445 231
Other 69 85
Total gross deferred tax assets 5,281 4,448
Deferred tax liabilities:    
Unrealized gain on securities available-for-sale (259) (172)
Depreciation (2,200) (2,494)
Purchase accounting (1,538) (2,296)
SBA servicing (92) (71)
FHLB dividends (107) (87)
Total gross deferred tax liabilities (4,196) (5,120)
Deferred tax assets (liabilities), net $ 1,085  
Deferred tax assets (liabilities), net   $ (672)