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Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from other financial institutions $ 9,722 $ 9,095
Interest-bearing deposits in other financial institutions 391,280 493,067
Cash and cash equivalents 401,002 502,162
Securities, at fair value 132,634 85,694
Loans receivable, net of allowance for loan losses: March 31, 2022, $6,786 and December 31, 2021, $6,715 1,055,069 1,044,207
Foreclosed assets, net 968 725
Stock in Federal Home Loan Bank ("FHLB") and Federal Reserve Bank ("FRB"), at cost 7,490 7,490
Premises and equipment, net 24,939 25,043
Accrued interest receivable 5,890 4,648
Bank-owned life insurance 19,157 19,129
Deferred taxes 3,750 2,762
Other assets 9,253 8,822
Total assets 1,660,152 1,700,682
Liabilities    
Noninterest-bearing 339,504 342,185
Interest-bearing 1,122,101 1,146,246
Total deposits 1,461,605 1,488,431
Borrowings 5,000 5,000
Subordinated notes, net of unamortized issuance costs 19,601 19,590
Advance payments by borrowers for taxes and insurance 6,069 7,993
Accrued interest payable and other liabilities 13,982 22,202
Total liabilities 1,506,257 1,543,216
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; 13,178,485 shares issued at March 31, 2022 and 13,228,485 shares issued at December 31, 2021 132 132
Additional paid-in capital 90,170 90,709
Retained earnings 66,490 66,545
Accumulated other comprehensive (loss) income (2,897) 80
Total stockholders’ equity 153,895 157,466
Total liabilities and stockholders’ equity $ 1,660,152 $ 1,700,682