Annual report pursuant to Section 13 and 15(d)

Income Taxes - Deferred Tax Assets and Liabilities (Details)

v3.22.0.1
Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Deferred tax assets:    
Allowance for loan losses $ 3,392 $ 3,271
Unrealized loss on securities available-for-sale 1,406  
Lease liability 991  
Organizational costs 29 41
Purchase accounting 568 1,416
Net operating loss   39
Stock option expense 528 445
Other 87 69
Total gross deferred tax assets 7,001 5,281
Deferred tax liabilities:    
Right of use asset (953)  
Unrealized gain on securities available-for-sale   (259)
Depreciation and amortization (3,168) (2,200)
Purchase accounting (1,087) (1,538)
Unrealized gain on cash flow hedge (363)  
SBA servicing (145) (92)
FHLB dividends (113) (107)
Total gross deferred tax liabilities (5,829) (4,196)
Deferred tax assets (liabilities), net $ 1,172 $ 1,085