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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from other financial institutions $ 14,652 $ 9,785
Interest-bearing deposits in other financial institutions 155,286 180,540
Cash and cash equivalents 169,938 190,325
Securities, at fair value 63,853 60,193
Loans receivable, net of allowance for loan losses: March 31, 2020, $8,112 and December 31, 2019, $7,632 1,147,628 1,168,008
Other real estate owned, net 110 186
Stock in Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB), at cost 7,490 7,490
Premises and equipment, net 24,202 24,346
Accrued interest receivable 4,698 4,563
Bank-owned life insurance 18,977 18,945
Deferred taxes 3,644 3,873
Other assets 9,742 10,086
Total assets 1,450,282 1,488,015
Deposits    
Noninterest-bearing 211,142 210,762
Interest-bearing 1,042,609 1,073,995
Total deposits 1,253,751 1,284,757
Borrowings 0 61
Advance payments by borrowers for taxes and insurance 8,169 10,222
Accrued interest payable and other liabilities 15,367 18,603
Total liabilities 1,277,287 1,313,643
Commitments and contingent liabilities
Stockholders’ equity    
Preferred Stock, $0.01 par value, 25,000,000 shares authorized, none issued or outstanding 0 0
Common Stock, $0.01 par value, 100,000,000 shares authorized; 15,072,268 shares issued at March 31, 2020 and 15,278,464 shares issued at December 31, 2019 151 153
Additional paid-in capital 110,220 112,420
Retained earnings 62,469 61,573
Accumulated other comprehensive income 155 226
Total stockholders’ equity 172,995 174,372
Total liabilities and stockholders’ equity $ 1,450,282 $ 1,488,015