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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 100,199 $ 50,172
Available for sale ("AFS") securities, at fair value (amortized cost of $160,504, net of allowance for credit losses of $0 at March 31, 2025 and amortized cost of $165,604, net of allowance for credit losses of $0 at December 31, 2024) 139,642 142,851
Held to maturity ("HTM") securities, at amortized cost (fair value of $66,191, net of allowance for credit losses of $0 at March 31, 2025 and fair value of $65,622, net of allowance for credit losses of $0 at December 31, 2024) 84,301 85,504
Equity investments 5,462 4,702
Other investments 12,496 12,500
Loans receivable 1,352,728 1,368,981
Allowance for credit losses (20,205) (20,549)
Loans receivable, net 1,332,523 1,348,432
Loans held for sale 3,296 1,329
Mortgage servicing rights, net 3,583 3,663
Office properties and equipment, net 16,649 17,075
Accrued interest receivable 5,926 5,653
Intangible assets 800 979
Goodwill 31,498 31,498
Foreclosed and repossessed assets, net 876 915
Bank owned life insurance ("BOLI") 26,296 26,102
Other assets 16,416 17,144
TOTAL ASSETS 1,779,963 1,748,519
Liabilities:    
Deposits 1,523,654 1,488,148
Federal Home Loan Bank (“FHLB”) advances 0 5,000
Other borrowings 61,664 61,606
Other liabilities 14,594 14,681
Total liabilities 1,599,912 1,569,435
Stockholders’ Equity:    
Common stock—$0.01 par value, authorized 30,000,000; 9,989,536 and 9,981,996 shares issued and outstanding, respectively 100 100
Additional paid-in capital 114,477 114,564
Retained earnings 80,439 80,840
Accumulated other comprehensive loss (14,965) (16,420)
Total stockholders’ equity 180,051 179,084
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,779,963 $ 1,748,519