v3.26.1
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash and amounts due from depository institutions $ 13,996 $ 10,456
Interest-bearing deposits 62,215 70,719
Total cash and cash equivalents 76,211 81,175
Certificates of deposit 100 100
Equity securities 27,449 26,570
Securities held-to-maturity (net of allowance for credit losses of $126 and $126, respectively) 18,165 18,315
Loans receivable 1,828,208 1,860,066
Deferred loan costs, net 174 268
Allowance for credit losses (4,592) (4,731)
Net loans 1,823,790 1,855,603
Premises and equipment, net 25,178 25,377
Investments in restricted stock, at cost 410 410
Bank owned life insurance 26,613 26,433
Accrued interest receivable 12,076 12,228
Property held for investment 1,324 1,334
Right of Use Assets - Operating 4,477 4,656
Right of Use Assets - Financing 342 343
Other assets 8,992 10,964
Total assets 2,025,127 2,063,508
Deposits:    
Non-interest bearing 296,923 271,924
Interest bearing 1,329,354 1,344,977
Total deposits 1,626,277 1,616,901
Advance payments by borrowers for taxes and insurance 2,924 2,352
Borrowings 20,000 70,000
Lease Liability - Operating 4,633 4,796
Lease Liability - Financing 444 434
Accounts payable and accrued expenses 14,564 17,325
Total liabilities 1,668,842 1,711,808
Stockholders' equity:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued or outstanding
Common stock, $0.01 par value; 75,000,000 shares authorized; 13,815,407 shares and 13,963,432 shares outstanding, respectively 138 140
Additional paid-in capital 108,730 111,575
Unearned Employee Stock Ownership Plan ("ESOP") shares (5,088) (5,218)
Retained earnings 252,264 244,970
Accumulated other comprehensive income 241 233
Total stockholders' equity 356,285 351,700
Total liabilities and stockholders' equity $ 2,025,127 $ 2,063,508