XML 12 R2.htm IDEA: XBRL DOCUMENT v3.24.2
Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from other financial institutions $ 19,505 $ 19,781
Interest-bearing deposits in other financial institutions 132,273 158,703
Cash and cash equivalents 151,778 178,484
Interest-bearing time deposits in other financial institutions 34,913 29,513
Securities, at fair value 222,906 153,203
Loans receivable, net of allowance for credit losses: June 30, 2024, $8,142 and December 31, 2023, $8,345 987,745 1,050,761
Foreclosed assets, net 1,898 2,777
Stock in Federal Home Loan Bank ("FHLB") and Federal Reserve Bank ("FRB"), at cost 7,490 7,490
Premises held-for-sale 0 523
Premises and equipment, net 22,765 22,950
Accrued interest receivable 9,343 7,542
Bank-owned life insurance 18,291 18,469
Deferred taxes 4,019 4,512
Other assets 16,542 11,160
Total assets 1,477,690 1,487,384
Liabilities    
Noninterest-bearing 262,585 260,851
Interest-bearing 989,688 1,000,772
Total deposits 1,252,273 1,261,623
Borrowings 25,000 25,000
Subordinated notes, net of unamortized issuance costs 18,715 19,678
Advance payments by borrowers for taxes and insurance 10,329 9,003
Accrued interest payable and other liabilities 13,895 16,697
Total liabilities 1,320,212 1,332,001
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; 12,460,678 shares issued at June 30, 2024 and 12,475,881 shares issued at December 31, 2023 125 125
Additional paid-in capital 83,301 83,457
Retained earnings 75,777 74,426
Accumulated other comprehensive loss (1,725) (2,625)
Total stockholders’ equity 157,478 155,383
Total liabilities and stockholders’ equity $ 1,477,690 $ 1,487,384