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Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Assets    
Cash and due from other financial institutions $ 12,185 $ 14,115
Interest-bearing deposits in other financial institutions 523,851 489,381
Cash and cash equivalents 536,036 503,496
Securities, at fair value 18,883 23,829
Loans receivable, net of allowance for loan losses: June 30, 2021, $6,857 and December 31, 2020, $7,751 1,032,159 1,002,578
Foreclosed assets, net 1,702 157
Stock in Federal Home Loan Bank ("FHLB") and Federal Reserve Bank ("FRB"), at cost 7,490 7,490
Premises and equipment, net 24,765 24,675
Accrued interest receivable 5,300 3,941
Bank-owned life insurance 19,066 19,015
Deferred taxes 2,363 2,741
Other assets 8,858 8,920
Total assets 1,656,622 1,596,842
Liabilities    
Noninterest-bearing 325,294 326,188
Interest-bearing 1,113,280 1,067,356
Total deposits 1,438,574 1,393,544
Borrowings 5,000 4,000
Subordinated Notes, net of unamortized issuance costs 19,568 0
Advance payments by borrowers for taxes and insurance 10,082 8,670
Accrued interest payable and other liabilities 16,962 17,698
Total liabilities 1,490,186 1,423,912
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; 14,118,720 shares issued at June 30, 2021 and 14,769,765 shares issued at December 31, 2020 141 148
Additional paid-in capital 100,877 107,815
Retained earnings 65,230 64,754
Accumulated other comprehensive income 188 213
Total stockholders’ equity 166,436 172,930
Total liabilities and stockholders’ equity $ 1,656,622 $ 1,596,842