v3.25.2
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 2,926 $ 2,710
Interest earning deposits 72,441 30,421
Cash and Cash Equivalents 75,367 33,131
Securities, at fair value 55,323 56,495
Federal Home Loan Bank stock, at cost 763 1,157
Loans receivable, net of allowance for credit losses of $5,164 in 2025 and $5,133 in 2024 552,389 544,620
Premises and equipment, net 7,325 7,218
Accrued interest receivable 2,878 2,819
Bank-owned life insurance 29,778 29,340
Other assets 11,015 10,724
Total Assets 734,838 685,504
Liabilities    
Deposits: Interest bearing 536,040 476,566
Deposits: Non-interest bearing 91,459 96,412
Total Deposits 627,499 572,978
Long-term debt 2,000 10,250
Advances from borrowers for taxes and insurance 3,066 3,225
Other liabilities and accrued interest payable 9,389 9,183
Total Liabilities 641,954 595,636
Commitments and Contingencies
Stockholders' Equity    
Common stock, $0.01 par value per share, 25,000,000 shares authorized; 6,836,514 shares issued and 5,759,172 shares outstanding at June 30, 2025 and 6,836,514 shares issued and 5,735,226 shares outstanding at December 31, 2024 68 68
Additional paid-in capital 31,568 31,512
Treasury stock, at cost (1,077,342 shares at June 30, 2025 and 1,101,288 shares at December 31, 2024) (13,099) (13,304)
Unearned shares held by ESOP (896) (938)
Unearned shares held by compensation plans (439) (311)
Retained earnings 85,420 82,805
Accumulated other comprehensive loss (9,738) (9,964)
Total Stockholders' Equity 92,884 89,868
Total Liabilities and Stockholders' Equity $ 734,838 $ 685,504