v3.25.2
Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from other financial institutions $ 17,739 $ 20,647
Interest-bearing deposits in other financial institutions 94,497 64,182
Cash and cash equivalents 112,236 84,829
Interest-bearing time deposits in other financial institutions 20,273 34,156
Securities, at fair value 436,965 360,530
Loans receivable, net of allowance for credit losses: June 30, 2025, $9,116 and December 31, 2024, $7,571 795,963 887,586
Foreclosed assets, net 738 1,391
Stock in Federal Home Loan Bank ("FHLB") and Federal Reserve Bank ("FRB"), at cost 7,490 7,490
Premises and equipment, net 22,385 22,889
Accrued interest receivable 4,824 6,401
Bank-owned life insurance 17,757 18,301
Deferred taxes 4,350 3,761
Other assets 6,196 7,480
Total assets 1,429,177 1,434,814
Liabilities    
Noninterest-bearing 222,444 238,826
Interest-bearing 993,214 978,715
Total deposits 1,215,658 1,217,541
Borrowings 15,000 20,000
Subordinated notes, net of unamortized issuance costs 18,263 18,736
Advance payments by borrowers for taxes and insurance 10,629 9,051
Accrued interest payable and other liabilities 13,585 13,109
Total liabilities 1,273,135 1,278,437
Stockholders’ equity    
Preferred stock, $0.01 par value, 25,000,000 shares authorized, none issued or outstanding 0 0
Common stock, $0.01 par value, 100,000,000 shares authorized; 12,460,678 shares issued at June 30, 2025 and December 31, 2024 125 125
Additional paid-in capital 83,301 83,301
Retained earnings 72,743 73,513
Accumulated other comprehensive loss 127 562
Total stockholders’ equity 156,042 156,377
Total liabilities and stockholders’ equity $ 1,429,177 $ 1,434,814