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Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from other financial institutions $ 11,753 $ 9,095
Interest-bearing deposits in other financial institutions 204,378 493,067
Cash and cash equivalents 216,131 502,162
Securities, at fair value 199,339 85,694
Loans receivable, net of allowance for loan losses: September 30, 2022, $7,386 and December 31, 2021, $6,715 1,141,799 1,044,207
Foreclosed assets, net 524 725
Stock in Federal Home Loan Bank ("FHLB") and Federal Reserve Bank ("FRB"), at cost 7,490 7,490
Premises and equipment, net 24,949 25,043
Accrued interest receivable 7,011 4,648
Bank-owned life insurance 18,879 19,129
Deferred taxes 5,156 2,762
Other assets 7,946 8,822
Total assets 1,629,224 1,700,682
Liabilities    
Noninterest-bearing 307,116 342,185
Interest-bearing 1,118,142 1,146,246
Total deposits 1,425,258 1,488,431
Borrowings 0 5,000
Subordinated notes, net of unamortized issuance costs 19,623 19,590
Advance payments by borrowers for taxes and insurance 14,540 7,993
Accrued interest payable and other liabilities 18,733 22,202
Total liabilities 1,478,154 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; 12,922,174 shares issued at September 30, 2022 and 13,228,485 shares issued at December 31, 2021 129 132
Additional paid-in capital 87,606 90,709
Retained earnings 69,657 66,545
Accumulated other comprehensive (loss) income (6,322) 80
Total stockholders’ equity 151,070 157,466
Total liabilities and stockholders’ equity $ 1,629,224 $ 1,700,682