v3.25.3
Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from other financial institutions $ 17,293 $ 20,647
Interest-bearing deposits in other financial institutions 65,449 64,182
Cash and cash equivalents 82,742 84,829
Interest-bearing time deposits in other financial institutions 11,844 34,156
Securities, at fair value 537,503 360,530
Loans receivable, net of allowance for credit losses: September 30, 2025, $8,814 and December 31, 2024, $7,571 759,832 887,586
Foreclosed assets, net 45 1,391
Stock in Federal Home Loan Bank ("FHLB") and Federal Reserve Bank ("FRB"), at cost 7,490 7,490
Premises and equipment, net 22,129 22,889
Accrued interest receivable 4,514 6,401
Bank-owned life insurance 17,757 18,301
Deferred taxes 4,364 3,761
Other assets 6,318 7,480
Total assets 1,454,538 1,434,814
Liabilities    
Noninterest-bearing 237,431 238,826
Interest-bearing 1,004,650 978,715
Total deposits 1,242,081 1,217,541
Borrowings 10,000 20,000
Subordinated notes, net of unamortized issuance costs 18,274 18,736
Advance payments by borrowers for taxes and insurance 14,385 9,051
Accrued interest payable and other liabilities 12,443 13,109
Total liabilities 1,297,183 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 September 30, 2025 and December 31, 2024 125 125
Additional paid-in capital 83,301 83,301
Retained earnings 73,856 73,513
Accumulated other comprehensive income (loss) 73 (562)
Total stockholders’ equity 157,355 156,377
Total liabilities and stockholders’ equity $ 1,454,538 $ 1,434,814