v3.26.1
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 20,974 $ 15,893
Federal funds sold 279,963 83,157
Interest-bearing depository accounts 3,626 2,936
Total cash and cash equivalents 304,563 101,986
Available-for-sale securities (at fair value) 171,368 162,203
Loans receivable (net of allowance for credit losses of $7,695 and $8,353, respectively) 918,477 953,385
Federal Home Loan Bank stock 1,153 1,957
Accrued interest receivable 4,592 4,882
Cash surrender value of life insurance 31,397 30,996
Deferred tax assets (net of valuation allowance of $663 and $809, respectively) 4,623 4,941
Premises and equipment, net 13,249 13,621
Goodwill 2,235 2,235
Intangible assets, net 92 106
Other assets 18,303 25,454
Total assets 1,470,052 1,301,766
Deposits    
Non-interest bearing 242,774 227,272
Interest bearing 1,040,198 870,068
Total deposits 1,282,972 1,097,340
Mortgagors' escrow accounts 13,206 9,399
Advances from the Federal Home Loan Bank 5,153 25,153
Subordinated debt 5,155 5,155
Accrued expenses and other liabilities 23,963 27,867
Total liabilities 1,330,449 1,164,914
Stockholders' Equity    
Preferred stock (par value $0.01 per share; 5,000,000 authorized, no shares issued)
Common stock (par value $0.01; authorized 25,000,000; issued and outstanding 11,180,786 and 11,141,033 at June 30, 2026 and December 31, 2025, respectively) 112 112
Additional paid-in capital 44,906 45,710
Unearned common stock held by the employee stock ownership plan (2,728) (2,837)
Retained earnings 105,976 101,797
Accumulated other comprehensive loss:    
Net unrealized loss on available-for-sale securities, net of taxes (6,840) (6,255)
Defined benefit pension plan, net of taxes (1,823) (1,675)
Total accumulated other comprehensive loss (8,663) (7,930)
Total stockholders' equity 139,603 136,852
Total liabilities and stockholders' equity $ 1,470,052 $ 1,301,766