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Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from other financial institutions $ 13,826 $ 9,785
Interest-bearing deposits in other financial institutions 370,939 180,540
Cash and cash equivalents 384,765 190,325
Securities, at fair value 59,437 60,193
Loans receivable, net of allowance for loan losses: June 30, 2020, $8,156 and December 31, 2019, $7,632 1,081,798 1,168,008
Other real estate owned, net 143 186
Stock in Federal Home Loan Bank ("FHLB") and Federal Reserve Bank ("FRB"), at cost 7,490 7,490
Premises and equipment, net 24,323 24,346
Accrued interest receivable 4,447 4,563
Bank-owned life insurance 18,986 18,945
Deferred taxes 3,615 3,873
Other assets 8,125 10,086
Total assets 1,593,129 1,488,015
Liabilities    
Noninterest-bearing 305,096 210,762
Interest-bearing 1,083,059 1,073,995
Total deposits 1,388,155 1,284,757
Borrowings 4,000 61
Advance payments by borrowers for taxes and insurance 12,356 10,222
Accrued interest payable and other liabilities 16,164 18,603
Total liabilities 1,420,675 1,313,643
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; 14,890,628 shares issued at June 30, 2020 and 15,278,464 issued at December 31, 2019 149 153
Additional paid-in capital 108,748 112,420
Retained earnings 63,322 61,573
Accumulated other comprehensive income 235 226
Total stockholders’ equity 172,454 174,372
Total liabilities and stockholders’ equity $ 1,593,129 $ 1,488,015