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Consolidated Statements of Financial Condition - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from other financial institutions $ 9,095,000 $ 14,115,000
Interest-bearing deposits in other financial institutions 493,067,000 489,381,000
Cash and cash equivalents 502,162,000 503,496,000
Securities, at fair value 85,694,000 23,829,000
Loans receivable, net of allowance for loan losses: December 31, 2021, $6,715 and December 31, 2020, $7,751 1,044,207,000 1,002,578,000
Foreclosed assets, net 725,000 157,000
Stock in Federal Home Loan Bank ("FHLB") and Federal Reserve Bank ("FRB"), at cost 7,490,000 7,490,000
Premises and equipment, net 25,043,000 24,675,000
Accrued interest receivable 4,648,000 3,941,000
Bank-owned life insurance 19,129,000 19,015,000
Deferred taxes 2,762,000 2,741,000
Other assets 8,822,000 8,920,000
Total assets 1,700,682,000 1,596,842,000
Liabilities    
Noninterest-bearing 342,176,000 326,188,000
Interest-bearing 1,146,255,000 1,067,356,000
Total deposits 1,488,431,000 1,393,544,000
Borrowings 5,000,000 4,000,000
Subordinated notes, net of unamortized issuance costs 19,590,000 0
Advance payments by borrowers for taxes and insurance 7,993,000 8,670,000
Accrued interest payable and other liabilities 22,202,000 17,698,000
Total liabilities 1,543,216,000 1,423,912,000
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; 13,228,485 shares issued at December 31, 2021 and 14,769,765 shares issued at December 31, 2020 132,000 148,000
Additional paid-in capital 90,709,000 107,815,000
Retained earnings 66,545,000 64,754,000
Accumulated other comprehensive income 80,000 213,000
Total stockholders’ equity 157,466,000 172,930,000
Total liabilities and stockholders’ equity $ 1,700,682,000 $ 1,596,842,000