v3.25.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets [Abstract]    
Cash and due from banks $ 18,487 $ 16,811
Interest-earning deposits in banks 69,376 55,637
Investment securities available for sale, at fair value (amortized cost of $336,206 and $376,265 at June 30, 2025 and December 31, 2024, respectively) 303,515 340,344
Loans held for sale 1,557 472
Loans receivable (net of allowance for credit losses on loans of $18,345 and $20,449 at June 30, 2025 and December 31, 2024, respectively) 1,647,217 1,675,186
Federal Home Loan Bank ("FHLB") stock, at cost 14,906 14,435
Interest Receivable 8,305 8,159
Premises and equipment, net 8,999 10,129
Servicing rights on sold loans, at fair value 3,220 3,281
Bank-owned life insurance ("BOLI"), net 41,380 41,150
Equity and partnership investments 14,811 13,229
Goodwill and other intangible assets, net 1,081 1,082
Deferred tax asset, net 14,266 13,738
Right-of-use ("ROU") asset, net 15,772 17,001
Prepaid expenses and other assets 32,471 21,352
Total assets 2,195,363 2,232,006
LIABILITIES AND SHAREHOLDERS' EQUITY    
Deposits 1,654,636 1,688,026
Borrowings 344,108 336,014
Accrued interest payable 1,514 3,295
Lease liability, net 16,257 17,535
Accrued expenses and other liabilities 27,790 31,770
Advances from borrowers for taxes and insurance 1,325 1,484
Total liabilities 2,045,630 2,078,124
Shareholders' Equity    
Preferred stock, $0.01 par value; 5,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, $0.01 par value; 75,000,000 shares authorized; 9,444,963 and 9,353,348 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 94 93
Additional paid-in capital 93,595 93,357
Retained earnings 90,506 97,198
Accumulated other comprehensive loss, net of tax (28,198) (30,172)
Unearned employee stock ownership plan ("ESOP") shares (6,264) (6,594)
Total shareholders' equity 149,733 153,882
Total liabilities and shareholders' equity $ 2,195,363 $ 2,232,006