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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 28,638 $ 37,138
Other interest bearing deposits 0 0
Available for sale ("AFS") securities, at fair value (amortized cost of $176,564, net of allowance for credit losses of $0 at March 31, 2024 and amortized cost of $179,744, net of allowance for credit losses of $0 at December 31, 2023) 151,672 155,743
Held to maturity ("HTM") securities, at amortized cost (fair value of $70,270, net of allowance for credit losses of $0 at March 31, 2024 and fair value of $73,262, net of allowance for credit losses of $0 at December 31, 2023) 89,942 91,229
Equity investments 3,281 3,284
Other investments 13,022 15,725
Loans receivable 1,450,159 1,460,792
Allowance for credit losses (22,436) (22,908)
Loans receivable, net 1,427,723 1,437,884
Loans held for sale 0 5,773
Mortgage servicing rights, net 3,774 3,865
Office properties and equipment, net 18,026 18,373
Accrued interest receivable 6,324 5,409
Intangible assets 1,515 1,694
Goodwill 31,498 31,498
Foreclosed and repossessed assets, net 1,845 1,795
Bank owned life insurance ("BOLI") 25,836 25,647
Other assets 16,219 16,334
TOTAL ASSETS 1,819,315 1,851,391
Liabilities:    
Deposits 1,527,489 1,519,092
Federal Home Loan Bank (“FHLB”) advances 39,500 79,530
Other borrowings 67,523 67,465
Other liabilities 11,982 11,970
Total liabilities 1,646,494 1,678,057
Stockholders’ Equity:    
Common stock—$0.01 par value, authorized 30,000,000; 10,406,880 and 10,440,591 shares issued and outstanding, respectively 104 104
Additional paid-in capital 118,916 119,441
Retained earnings 71,831 71,117
Accumulated other comprehensive loss (18,030) (17,328)
Total stockholders’ equity 172,821 173,334
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,819,315 $ 1,851,391