v3.26.1
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2026
Jun. 30, 2025
Consolidated Statements of Financial Condition [Abstract]    
Cash and due from banks $ 12,306 $ 12,788
Interest-bearing deposits 132,599 170,290
Total cash and cash equivalents 144,905 183,078
Long-term certificates of deposit 1,225 1,425
Securities available-for-sale, at fair value 373,810 356,062
Securities held-to-maturity, at amortized cost, net of allowance for credit losses of $530 and $548 803,553 776,147
Equity securities, at fair value 388 402
Federal Home Loan Bank stock, at cost 7,777 5,504
Loans receivable [1],[2] 1,753,342 1,627,406
Allowance for credit losses on loans (21,859) (20,146)
Net loans receivable 1,731,483 1,607,260
Premises and equipment, net 14,839 15,232
Bank-owned life insurance 68,895 59,795
Accrued interest receivable 17,184 16,381
Prepaid expenses and other assets 19,368 19,323
Total assets 3,183,427 3,040,609
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Noninterest-bearing deposits 140,229 110,163
Interest-bearing deposits 2,573,170 2,529,672
Total deposits 2,713,399 2,639,835
Borrowings, short-term 119,000 74,000
Borrowings, long-term 6,166 4,189
Subordinated notes payable, net 29,979 49,867
Accrued expenses and other liabilities 37,052 33,881
Total liabilities 2,905,596 2,801,772
SHAREHOLDERS' EQUITY    
Preferred stock, Authorized - 1,000,000 shares; Issued - None 0 0
Common stock, par value $0.10 per share; Authorized - 36,000,000 shares; Issued – 17,222,680 shares; Outstanding – 17,025,485 and 17,026,828 shares 1,722 1,722
Additional paid-in capital 10,156 10,156
Retained earnings 278,376 241,403
Accumulated other comprehensive loss (11,483) (13,536)
Treasury stock, at cost – 197,195 and 195,852 shares (940) (908)
Total shareholders’ equity 277,831 238,837
Total liabilities and shareholders’ equity $ 3,183,427 $ 3,040,609
[1] Loan balances exclude accrued interest receivable of $7.7 million and $7.0 million at June 30, 2026 and 2025, respectively, which is included in accrued interest receivable in the consolidated statements of financial condition.
[2] Loan balances include net deferred (fees)/costs of ($397,000) and ($567,000) at June 30, 2026 and 2025, respectively.