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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 50,172 $ 37,138
Available-for-sale ("AFS") securities, at fair value (amortized cost of $165,604, net of allowance for credit losses of $0 at December 31, 2024 and amortized cost of $179,744, net of allowance for credit losses of $0 at December 31, 2023) 142,851 155,743
Held-to-maturity ("HTM") securities, at amortized cost (fair value of net of $65,622, net of allowance for credit losses of $0 at December 31, 2024 and fair value of $73,262, net of allowance for credit losses of $0 at December 31, 2023) 85,504 91,229
Equity investments 4,702 3,284
Other investments 12,500 15,725
Loans receivable 1,368,981 1,460,792
Allowance for credit losses (20,549) (22,908)
Loans receivable, net 1,348,432 1,437,884
Loans held for sale 1,329 5,773
Mortgage servicing rights, net 3,663 3,865
Office properties and equipment, net 17,075 18,373
Accrued interest receivable 5,653 5,409
Intangible assets 979 1,694
Goodwill 31,498 31,498
Foreclosed and repossessed assets, net 915 1,795
Bank owned life insurance ("BOLI") 26,102 25,647
Other assets 17,144 16,334
TOTAL ASSETS 1,748,519 1,851,391
Liabilities:    
Deposits 1,488,148 1,519,092
Federal Home Loan Bank ("FHLB") advances 5,000 79,530
Other borrowings 61,606 67,465
Other liabilities 14,681 11,970
Total liabilities 1,569,435 1,678,057
Commitments and contingent liabilities
Stockholders’ Equity:    
Common stock— $0.01 par value, authorized 30,000,000; 9,981,996 and 10,440,591 shares issued and outstanding, respectively 100 104
Additional paid-in capital 114,564 119,441
Retained earnings 80,840 71,117
Accumulated other comprehensive loss (16,420) (17,328)
Total stockholders’ equity 179,084 173,334
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,748,519 $ 1,851,391