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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets [Abstract]    
Cash and due from other financial institutions $ 20,647 $ 19,781
Interest-bearing deposits in other financial institutions 64,182 158,703
Cash and cash equivalents 84,829 178,484
Interest-bearing time deposits in other financial institutions 34,156 29,513
Securities, at fair value 360,530 153,203
Loans receivable, net of allowance for credit losses: December 31, 2024, $7,571 and December 31, 2023, $8,345 887,586 1,050,761
Foreclosed assets, net 1,391 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 22,889 22,950
Accrued interest receivable 6,401 7,542
Bank-owned life insurance 18,301 18,469
Deferred taxes 3,761 4,512
Other Assets 7,480 11,160
Total assets 1,434,814 1,487,384
Liabilities [Abstract]    
Noninterest-bearing 238,826 260,851
Interest-bearing 978,715 1,000,772
Total deposits 1,217,541 1,261,623
Borrowings 20,000 25,000
Subordinated notes, net of unamortized issuance costs 18,736 19,678
Advance payments by borrowers for taxes and insurance 9,051 9,003
Accrued Interest Payable and Other Liabilities 13,109 16,697
Total liabilities 1,278,437 1,332,001
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; 12,460,678 shares issued at December 31, 2024 and 12,475,881 shares issued at December 31, 2023 125 125
Additional paid-in capital 83,301 83,457
Retained earnings 73,513 74,426
Accumulated other comprehensive loss 562 2,625
Total stockholders’ equity 156,377 155,383
Total liabilities and stockholders’ equity $ 1,434,814 $ 1,487,384