v3.26.1
Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Cash $ 32,749 $ 63,560
Federal funds sold 5,159 7,255
Interest-earning deposits in other financial institutions and other short term investments 293 292
Cash and cash equivalents 38,201 71,107
Securities available for sale, at fair value (cost: 2026—$254,538; 2025—$246,579) 237,348 230,848
Loans held for sale, at fair value 151,688 145,057
Loans receivable 1,683,881 1,675,552
Less: Allowance for credit losses ("ACL") - loans 17,884 17,478
Loans receivable, net 1,665,997 1,658,074
Office properties and equipment, net 18,900 18,855
Federal Home Loan Bank stock, at cost 19,226 19,804
Cash surrender value of life insurance 79,217 77,353
Real estate owned, net 318 424
Prepaid expenses and other assets 41,864 37,985
Total assets 2,252,759 2,259,507
Liabilities:    
Demand deposits 182,023 175,595
Money market and savings deposits 343,530 329,031
Time deposits 895,428 932,646
Total deposits 1,420,981 1,437,272
Borrowings 412,000 412,258
Advance payments by borrowers for taxes 18,772 2,996
Other liabilities 49,877 57,589
Total liabilities 1,901,630 1,910,115
Commitments and contingencies (Note 8)
Shareholders’ equity:    
Preferred stock (par value $.01 per share) authorized - 50,000,000 shares at June 30, 2026 and at December 31, 2025, no shares issued 0 0
Common stock (par value $.01 per share) authorized - 100,000,000 shares at June 30, 2026 and at December 31, 2025, issued and outstanding - 17,975,028 at June 30, 2026 and 18,359,717 at December 31, 2025 180 184
Additional paid-in capital 71,637 78,014
Retained earnings 301,620 292,957
Unearned ESOP shares (8,902) (9,496)
Accumulated other comprehensive loss, net of taxes (13,406) (12,267)
Total shareholders’ equity 351,129 349,392
Total liabilities and shareholders’ equity $ 2,252,759 $ 2,259,507