XML 12 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Financial Condition - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Assets    
Cash and cash equivalents $ 51,625,554 $ 29,314,741
Interest-bearing deposits in banks 1,191,000 1,884,000
Investment securities available for sale, at fair value 202,196,322 183,729,857
Investment securities held to maturity (fair values of $13,246,498 and $13,362,062, respectively) 13,117,994 13,365,479
Mortgage loans held for sale 5,617,481 4,156,186
Loans, net of unearned income 1,227,393,063 1,227,833,309
Allowance for loan losses (13,423,922) (12,510,708)
Total loans, net of unearned income and allowance for loan losses 1,213,969,141 1,215,322,601
Office properties and equipment, net 38,700,323 39,566,639
Cash surrender value of bank-owned life insurance 20,510,427 20,149,553
Accrued interest receivable and other assets 40,433,390 49,242,977
Total Assets 1,587,361,632 1,556,732,033
Deposits:    
Noninterest-bearing 272,476,799 296,519,496
Interest-bearing 1,047,235,987 951,552,957
Total deposits 1,319,712,786 1,248,072,453
Short-term Federal Home Loan Bank (FHLB) advances   40,000,000
Long-term Federal Home Loan Bank (FHLB) advances 64,804,079 78,533,173
Accrued interest payable and other liabilities 10,219,841 10,283,383
Total Liabilities 1,394,736,706 1,376,889,009
Shareholders' Equity    
Preferred stock, $0.01 par value - 10,000,000 shares authorized; none issued
Common stock, $0.01 par value - 40,000,000 shares authorized; 7,412,234 and 7,350,102 shares issued and outstanding, respectively 74,122 73,502
Additional paid-in capital 81,376,252 79,425,604
Unallocated common stock held by:    
Employee Stock Ownership Plan (ESOP) (3,927,780) (4,195,590)
Recognition and Retention Plan (RRP) (106,010) (119,633)
Retained earnings 115,129,834 104,647,375
Accumulated other comprehensive income 78,508 11,766
Total Shareholders' Equity 192,624,926 179,843,024 [1]
Total Liabilities and Shareholders' Equity $ 1,587,361,632 $ 1,556,732,033
[1] Balances as of December 31, 2015 and December 31, 2016 are audited.