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Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Assets    
Cash and due from other financial institutions $ 11,432 $ 14,115
Interest-bearing deposits in other financial institutions 517,183 489,381
Cash and cash equivalents 528,615 503,496
Securities, at fair value 14,693 23,829
Loans receivable, net of allowance for loan losses: September 30, 2021, $6,895 and December 31, 2020, $7,751 1,047,056 1,002,578
Foreclosed assets, net 1,049 157
Stock in Federal Home Loan Bank ("FHLB") and Federal Reserve Bank ("FRB"), at cost 7,490 7,490
Premises and equipment, net 24,772 24,675
Accrued interest receivable 5,118 3,941
Bank-owned life insurance 19,097 19,015
Deferred taxes 2,348 2,741
Other assets 9,904 8,920
Total assets 1,660,142 1,596,842
Liabilities    
Noninterest-bearing 328,182 326,188
Interest-bearing 1,126,207 1,067,356
Total deposits 1,454,389 1,393,544
Borrowings 5,000 4,000
Subordinated Notes, net of unamortized issuance costs 19,578 0
Advance payments by borrowers for taxes and insurance 7,910 8,670
Accrued interest payable and other liabilities 15,092 17,698
Total liabilities 1,501,969 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; 13,374,133 shares issued at September 30, 2021 and 14,769,765 shares issued at December 31, 2020 134 148
Additional paid-in capital 92,381 107,815
Retained earnings 65,498 64,754
Accumulated other comprehensive income 160 213
Total stockholders’ equity 158,173 172,930
Total liabilities and stockholders’ equity $ 1,660,142 $ 1,596,842