v3.25.2
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and amounts due from depository institutions $ 19,042 $ 13,700
Interest-bearing deposits 40,331 64,559
Total cash and cash equivalents 59,373 78,259
Certificates of deposit 100 100
Equity securities 25,345 21,994
Securities held-to-maturity ( net of allowance for credit losses of $126 and $126, respectively ) 14,398 14,616
Loans receivable 1,797,618 1,812,647
Deferred loan fees, net (62) (49)
Allowance for credit losses (4,724) (4,830)
Net loans 1,792,832 1,807,768
Premises and equipment, net 25,341 24,805
Investments in restricted stock, at cost 1,085 397
Bank owned life insurance 26,074 25,738
Accrued interest receivable 12,119 13,481
Real estate owned 767 5,120
Property held for investment 1,352 1,370
Right of Use Assets - Operating 4,383 4,001
Right of Use Assets - Financing 345 347
Other assets 10,370 11,585
Total assets 1,973,884 2,009,581
Deposits:    
Non-interest bearing 287,741 287,135
Interest bearing 1,191,420 1,383,240
Total deposits 1,479,161 1,670,375
Advance payments by borrowers for taxes and insurance 2,422 1,618
Borrowings 135,000  
Lease Liability - Operating 4,497 4,108
Lease Liability - Financing 628 609
Accounts payable and accrued expenses 15,500 14,530
Total liabilities 1,637,208 1,691,240
Stockholders' equity:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued or outstanding
Common stock, $0.01 par value; 75,000,000 shares authorized; 14,023,376 shares and 14,016,254 shares issued and outstanding, respectively 140 140
Additional paid-in capital 111,624 110,091
Unearned Employee Stock Ownership Plan ("ESOP") shares (5,653) (6,088)
Retained earnings 230,345 213,974
Accumulated other comprehensive income 220 224
Total stockholders' equity 336,676 318,341
Total liabilities and stockholders' equity $ 1,973,884 $ 2,009,581