v3.26.1
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash and due from banks $ 16,989 $ 17,038
Interest-earning bank balances 89,995 19,309
Due from Federal Reserve Bank 12,810 99,339
Total cash and cash equivalents 119,794 135,686
Securities available-for-sale, at fair value (amortized cost $173,093 and $189,924 at March 31, 2026 and December 31, 2025, respectively) 164,557 182,569
Securities held-to-maturity (fair value $152 and $154 at March 31, 2026 and December 31, 2025, respectively) 151 153
Loans receivable, net of deferred fees and costs 1,819,133 1,816,416
Less: allowance for credit losses (20,033) (20,325)
Loan receivable, net 1,799,100 1,796,091
Bank-owned life insurance 71,395 70,888
Premises and equipment, net 16,720 16,900
Accrued interest receivable 7,323 7,797
Restricted investment in bank stock 2,366 2,366
Deferred taxes, net 17,192 16,857
Goodwill 14,381 14,381
Core deposit intangible 2,580 2,776
Operating lease right-of-use asset 20,228 20,121
Other assets 17,980 18,562
TOTAL ASSETS 2,253,767 2,285,147
Deposits:    
Non-interest-bearing 303,233 286,013
Interest-bearing 1,639,426 1,690,180
Total deposits 1,942,659 1,976,193
Accrued interest payable 8,081 8,529
Operating lease liability 21,298 21,194
Other liabilities 8,130 8,519
TOTAL LIABILITIES 1,980,168 2,014,435
STOCKHOLDERS' EQUITY:    
Preferred stock, no par value; 2,000,000 shares authorized and none outstanding at March 31, 2026 and at December 31, 2025 0 0
Common stock, no par value; 15,000,000 shares authorized, 7,074,429 shares issued and 6,796,253 outstanding at March 31, 2026; 7,042,206 shares issued and 6,765,530 outstanding at December 31, 2025 0 0
Paid-in capital 122,988 122,904
Treasury stock, at cost; 278,176 shares at March 31, 2026 and 276,676 shares at December 31, 2025 (8,762) (8,707)
Retained earnings 165,483 161,780
Accumulated other comprehensive loss (6,110) (5,265)
TOTAL STOCKHOLDERS' EQUITY 273,599 270,712
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,253,767 $ 2,285,147