XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Cash $ 50,075 $ 35,182
Federal funds sold 3,407 4,302
Interest-earning deposits in other financial institutions and other short term investments 286 277
Cash and cash equivalents 53,768 39,761
Securities available for sale, at fair value (cost: 2025—$243,439; 2024—$232,630) 226,403 208,549
Loans held for sale, at fair value 135,676 135,909
Loans receivable 1,714,836 1,680,576
Less: Allowance for credit losses ("ACL") - loans 17,670 18,247
Loans receivable, net 1,697,166 1,662,329
Office properties and equipment, net 18,737 19,389
Federal Home Loan Bank stock, at cost 20,707 20,295
Cash surrender value of life insurance 76,813 74,612
Real estate owned, net 85 505
Prepaid expenses and other assets 39,814 48,259
Total assets 2,269,169 2,209,608
Liabilities:    
Demand deposits 176,568 171,115
Money market and savings deposits 306,778 283,243
Time deposits 902,627 905,539
Total deposits 1,385,973 1,359,897
Borrowings 469,061 446,519
Advance payments by borrowers for taxes 26,993 5,630
Other liabilities 41,647 58,427
Total liabilities 1,923,674 1,870,473
Commitments and contingencies (Note 8)
Shareholders’ equity:    
Preferred stock (par value $.01 per share) authorized - 50,000,000 shares at September 30, 2025 and at December 31, 2024, no shares issued 0 0
Common stock (par value $.01 per share) authorized - 100,000,000 shares at September 30, 2025 and at December 31, 2024, issued and outstanding - 18,524,115 at September 30, 2025 and 19,343,251 at December 31, 2024 185 193
Additional paid-in capital 80,521 91,214
Retained earnings 287,868 277,196
Unearned ESOP shares (9,792) (10,682)
Accumulated other comprehensive loss, net of taxes (13,287) (18,786)
Total shareholders’ equity 345,495 339,135
Total liabilities and shareholders’ equity $ 2,269,169 $ 2,209,608