v3.26.1
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 3,035 $ 2,710
Interest-earning deposits 61,245 30,421
Cash and Cash Equivalents 64,280 33,131
Securities, at fair value 56,138 56,495
Federal Home Loan Bank stock, at cost 673 1,157
Loans receivable, net of allowance for credit losses of $4,884 in 2025 and $5,133 in 2024 555,441 544,620
Premises and equipment, net 7,050 7,218
Accrued interest receivable 3,007 2,819
Bank-owned life insurance 31,525 29,340
Other assets 9,209 10,724
Total Assets 727,323 685,504
Liabilities    
Deposits: Interest-bearing 477,174 476,566
Deposits: Non-interest-bearing 96,103 96,412
Total Deposits 573,277 572,978
Long-term debt 0 10,250
Advances from borrowers for taxes and insurance 3,046 3,225
Other liabilities and accrued interest payable 9,361 9,183
Total Liabilities 585,684 595,636
Commitments and Contingencies
Stockholders' Equity    
Preferred stock, $0.01 par value per share, 10,000,000 shares authorized at December 31, 2025; no shares issued or outstanding at December 31, 2025 or December 31, 2024 0 0
Common stock, $0.01 par value per share, 40,000,000 shares authorized at December 31, 2025 and 25,000,000 shares authorized at December 31, 2024; 7,836,100 shares issued and outstanding at December 31, 2025 and 9,262,793 shares issued and 7,770,658 shares outstanding at December 31, 2024 78 68
Additional paid-in capital 65,577 31,201
Treasury stock, at cost (No shares at December 31, 2025 and 1,492,135 shares at December 31, 2024) 0 (13,304)
Unearned shares held by ESOP (4,711) (938)
Retained earnings 88,398 82,805
Accumulated other comprehensive loss (7,703) (9,964)
Total Stockholders' Equity 141,639 89,868
Total Liabilities and Stockholders' Equity $ 727,323 $ 685,504