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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 18,170 $ 16,915
Interest-earning bank balances 17,799 16,729
Federal funds sold 36,923 83,704
Total cash and cash equivalents 72,892 117,348
Securities available-for-sale, at fair value 209,928 247,171
Securities held-to-maturity (fair value $156 and $162, at September 30, 2025 and December 31, 2024, respectively) 155 161
Loans receivable, net of deferred fees and costs 1,793,787 1,818,875
Less: allowance for credit losses (20,441) (23,657)
Loan receivable, net 1,773,346 1,795,218
Bank-owned life insurance 70,706 72,111
Premises and equipment, net 17,148 17,804
Accrued interest receivable 7,566 7,975
Restricted investment in bank stock 2,341 2,075
Deferred taxes, net 18,974 20,276
Goodwill 14,381 14,381
Core deposit intangible 2,976 3,632
Other real estate owned 0 295
Operating lease right-of-use asset 20,152 21,903
Other assets 18,525 19,883
TOTAL ASSETS 2,229,090 2,340,233
Deposits:    
Non-interest-bearing 294,333 300,972
Interest-bearing 1,634,252 1,731,653
Total deposits 1,928,585 2,032,625
Borrowings 0 0
Accrued interest payable 5,552 15,401
Operating lease liability 21,221 22,941
Other liabilities 7,125 7,226
TOTAL LIABILITIES 1,962,483 2,078,193
STOCKHOLDERS' EQUITY:    
Preferred stock, no par value; 2,000,000 shares authorized and none outstanding at September 30, 2025 and at December 31, 2024 0 0
Common stock, no par value; 15,000,000 shares authorized, 7,039,535 shares issued and 6,772,859 outstanding at September 30, 2025; 6,910,693 shares issued and 6,883,193 outstanding at December 31, 2024 0 0
Paid-in capital 122,559 119,908
Treasury stock, at cost; 266,676 shares at September 30, 2025 and 27,500 shares at December 31, 2024 (8,403) (842)
Retained earnings 158,081 151,915
Accumulated other comprehensive loss (5,630) (8,941)
TOTAL STOCKHOLDERS' EQUITY 266,607 262,040
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,229,090 $ 2,340,233