XML 8 R2.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 19,609 $ 16,915
Interest-earning bank balances 1,485 16,729
Federal funds sold 0 83,704
Total cash and cash equivalents 21,094 117,348
Securities available-for-sale, at fair value 224,763 247,171
Securities held-to-maturity (fair value $158 and $162, at June 30, 2025 and December 31, 2024, respectively) 157 161
Loans receivable, net of deferred fees and costs 1,839,228 1,818,875
Less: allowance for credit losses (21,014) (23,657)
Loan receivable, net 1,818,214 1,795,218
Bank-owned life insurance 70,357 72,111
Premises and equipment, net 17,361 17,804
Accrued interest receivable 7,868 7,975
Restricted investment in bank stock 2,816 2,075
Deferred taxes, net 19,533 20,276
Goodwill 14,381 14,381
Core deposit intangible 3,185 3,632
Other real estate owned 0 295
Operating lease right-of-use asset 20,438 21,903
Other assets 21,501 19,883
TOTAL ASSETS 2,241,668 2,340,233
Deposits:    
Non-interest-bearing 299,902 300,972
Interest-bearing 1,632,470 1,731,653
Total deposits 1,932,372 2,032,625
Borrowings 10,000 0
Accrued interest payable 9,655 15,401
Operating lease liability 21,501 22,941
Other liabilities 6,194 7,226
TOTAL LIABILITIES 1,979,722 2,078,193
STOCKHOLDERS' EQUITY:    
Preferred stock, no par value; 2,000,000 shares authorized and none outstanding at June 30, 2025 and at December 31, 2024 0 0
Common stock, no par value; 15,000,000 shares authorized, 7,011,952 shares issued and 6,805,799 outstanding at June 30, 2025; 6,910,693 shares issued and 6,883,193 outstanding at December 31, 2024
Paid-in capital 121,706 119,908
Treasury stock, at cost; 206,153 shares at June 30, 2025 and 27,500 shares at December 31, 2024 (6,485) (842)
Retained earnings 153,768 151,915
Accumulated other comprehensive loss (7,043) (8,941)
TOTAL STOCKHOLDERS' EQUITY 261,946 262,040
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,241,668 $ 2,340,233