v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 53,141 $ 42,502
Securities available-for-sale, at fair value 301,227 297,028
Securities held-to-maturity (fair value of $25,628 at December 31, 2025 and $29,995 at December 31, 2024, and allowance for credit losses of $91 at December 31, 2025 and $98 at December 31, 2024) 27,016 33,076
FHLB stock and other investments 16,363 17,791
Loans receivable, net of allowance for credit losses of $14,392 at December 31, 2025 and $12,965 at December 31, 2024 1,676,140 1,570,517
Interest and dividends receivable 9,289 8,014
Premises and equipment, net 26,830 29,486
Right-of-use assets 21,705 23,470
Bank owned life insurance 23,013 22,519
Other assets 13,280 16,280
Total assets 2,168,004 2,060,683
Liabilities    
Deposits 1,509,875 1,343,320
Advances from the Federal Home Loan Bank 301,000 339,500
Advances by borrowers for taxes and insurance 9,244 9,356
Lease liabilities 23,432 25,168
Other liabilities 11,712 11,141
Total liabilities 1,855,263 1,728,485
Shareholders’ equity    
Preferred stock, $0.01 par value, 10,000,000 authorized; none issued 0 0
Common stock $0.01 par value; 70,000,000 shares authorized; 28,522,500 shares issued at December 31, 2025 and December 31, 2024; 20,758,296 and 22,522,626 shares outstanding at December 31, 2025 and December 31, 2024, respectively 285 285
Additional paid-in capital 280,752 277,304
Retained earnings 142,404 152,429
Treasury Stock, at cost: 7,764,204 shares at December 31, 2025 and 5,999,874 shares at December 31, 2024 (76,375) (59,699)
Unallocated common shares held by Employee Stock Ownership Plan (18,254) (19,167)
Accumulated other comprehensive loss (16,071) (18,954)
Total shareholders’ equity 312,741 332,198
Total liabilities and shareholders’ equity $ 2,168,004 $ 2,060,683