v3.26.1
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and due from banks $ 16,729 $ 17,038
Interest-earning bank balances 31,036 19,309
Due from Federal Reserve Bank 18,425 99,339
Total cash and cash equivalents 66,190 135,686
Securities available-for-sale, at fair value (amortized cost $268,978 and $189,924 at June 30, 2026 and December 31, 2025, respectively) 261,491 182,569
Securities held-to-maturity (fair value $150 and $154 at June 30, 2026 and December 31, 2025, respectively) 149 153
Loans receivable, net of deferred fees and costs 1,771,500 1,816,416
Less: allowance for credit losses for loans (19,963) (20,325)
Loan receivable, net 1,751,537 1,796,091
Bank-owned life insurance 71,912 70,888
Premises and equipment, net 17,082 16,900
Accrued interest receivable 7,530 7,797
Restricted investment in bank stock 2,345 2,366
Deferred taxes, net 16,893 16,857
Goodwill 14,381 14,381
Core deposit intangible 2,394 2,776
Operating lease right-of-use asset 19,465 20,121
Other assets 19,643 18,562
TOTAL ASSETS 2,251,012 2,285,147
Deposits:    
Non-interest-bearing 309,244 286,013
Interest-bearing 1,626,448 1,690,180
Total deposits 1,935,692 1,976,193
Accrued interest payable 6,668 8,529
Operating lease liability 20,534 21,194
Other liabilities 8,195 8,519
TOTAL LIABILITIES 1,971,089 2,014,435
STOCKHOLDERS' EQUITY:    
Preferred stock, no par value; 2,000,000 shares authorized and none outstanding at June 30, 2026 and at December 31, 2025 0 0
Common stock, no par value; 15,000,000 shares authorized, 7,099,127 shares issued and 6,813,201 outstanding at June 30, 2026; 7,042,206 shares issued and 6,765,530 outstanding at December 31, 2025 0 0
Paid-in capital 123,893 122,904
Treasury stock, at cost; 285,926 shares at June 30, 2026 and 276,676 shares at December 31, 2025 (9,034) (8,707)
Retained earnings 170,424 161,780
Accumulated other comprehensive loss (5,360) (5,265)
TOTAL STOCKHOLDERS' EQUITY 279,923 270,712
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,251,012 $ 2,285,147