XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Financial Condition - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from other financial institutions $ 12,046,000 $ 9,095,000
Interest-bearing deposits in other financial institutions 54,725,000 493,067,000
Cash and cash equivalents 66,771,000 502,162,000
Securities, at fair value 210,338,000 85,694,000
Loans receivable, net of allowance for loan losses: December 31, 2022, $8,129 and December 31, 2021, $6,715 1,226,743,000 1,044,207,000
Foreclosed assets, net 476,000 725,000
Stock in Federal Home Loan Bank ("FHLB") and Federal Reserve Bank ("FRB"), at cost 7,490,000 7,490,000
Premises and equipment, net 24,956,000 25,043,000
Accrued interest receivable 7,338,000 4,648,000
Bank-owned life insurance 18,815,000 19,129,000
Deferred taxes 5,175,000 2,762,000
Other assets 7,035,000 8,822,000
Total assets 1,575,137,000 1,700,682,000
Liabilities    
Noninterest-bearing 280,625,000 342,185,000
Interest-bearing 1,094,309,000 1,146,246,000
Total deposits 1,374,934,000 1,488,431,000
Borrowings 0 5,000,000
Subordinated notes, net of unamortized issuance costs 19,634,000 19,590,000
Advance payments by borrowers for taxes and insurance 8,674,000 7,993,000
Accrued interest payable and other liabilities 20,224,000 22,202,000
Total liabilities 1,423,466,000 1,543,216,000
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; 12,742,597 shares issued at December 31, 2022 and 13,228,485 shares issued at December 31, 2021 127,000 132,000
Additional paid-in capital 85,848,000 90,709,000
Retained earnings 71,808,000 66,545,000
Accumulated other comprehensive income (6,112,000) 80,000
Total stockholders’ equity 151,671,000 157,466,000
Total liabilities and stockholders’ equity $ 1,575,137,000 $ 1,700,682,000