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STATEMENTS OF FINANCIAL CONDITION - USD ($)
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Non-interest-bearing cash $ 6,426,000 $ 5,507,000
Interest-bearing cash and due from banks 22,661,000 19,738,000
Total cash and cash equivalents 29,087,000 25,245,000
Investment securities -    
Securities held-to-maturity (fair values of $15,320 and $17,505, respectively) 15,511,000 17,523,000
Available-for-sale securities 41,856,000 20,730,000
Loans receivable, net of unearned income 140,599,000 151,800,000
Allowance for loan losses (2,649,000) (3,022,000)
Loans receivable, net 137,950,000 148,778,000
Accrued interest receivable 558,000 564,000
Foreclosed real estate 590,000 415,000
Premises and equipment, net 6,545,000 5,489,000
Stock in Federal Home Loan Bank, at cost 1,398,000 1,394,000
Bank owned life insurance 3,258,000 3,213,000
Other assets 1,887,000 1,337,000
TOTAL ASSETS 238,640,000 224,688,000
Deposits    
Non-interest-bearing 29,031,000 26,169,000
Interest-bearing 148,857,000 138,429,000
Total deposits 177,888,000 164,598,000
Advances from Federal Home Loan Bank 8,928,000 8,838,000
Other liabilities 1,092,000 719,000
Total liabilities 187,908,000 174,155,000
Commitments and Contingencies (Note 6)
EQUITY    
Retained earnings 50,837,000 50,426,000
Accumulated other comprehensive income (loss) (105,000) 107,000
TOTAL EQUITY 50,732,000 50,533,000
TOTAL LIABILITIES AND EQUITY $ 238,640,000 $ 224,688,000