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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2021
Jun. 30, 2021
ASSETS    
Cash and due from banks $ 113,319 $ 149,765
Federal funds sold 10 10
Total cash and cash equivalents 113,329 149,775
Long term certificates of deposit 4,367 4,553
Securities available-for-sale, at fair value 412,375 390,890
Securities held-to-maturity, at amortized cost (fair value $595,152 at September 30, 2021; $519,042 at June 30, 2021) 575,898 496,914
Equity securities, at fair value 297 307
Federal Home Loan Bank stock, at cost 1,091 1,091
Loans 1,118,784 1,108,408
Allowance for loan losses (20,493) (19,668)
Unearned origination fees and costs, net (1,475) (2,793)
Net loans receivable 1,096,816 1,085,947
Premises and equipment, net 14,161 14,137
Bank owned life insurance 47,726 40,425
Accrued interest receivable 8,305 7,781
Foreclosed real estate 64 64
Prepaid expenses and other assets 8,371 8,451
Total assets 2,282,800 2,200,335
LIABILITIES AND SHAREHOLDERS' EQUITY    
Noninterest-bearing deposits 194,566 174,114
Interest-bearing deposits 1,861,896 1,830,994
Total deposits 2,056,462 2,005,108
Borrowings from other banks, short-term 0 3,000
Subordinated notes payable, net 49,170 19,644
Accrued expenses and other liabilities 22,332 22,999
Total liabilities 2,127,964 2,050,751
SHAREHOLDERS' EQUITY    
Preferred stock, Authorized - 1,000,000 shares; Issued - None 0 0
Common stock, par value $0.10 per share; Authorized - 12,000,000 shares; Issued - 8,611,340; Outstanding - 8,513,414 shares at September 30, 2021, and June 30, 2021 861 861
Additional paid-in capital 11,017 11,017
Retained earnings 146,381 139,775
Accumulated other comprehensive loss (2,515) (1,161)
Treasury stock, at cost 97,926 shares at September 30, 2021, and June 30, 2021 (908) (908)
Total shareholders' equity 154,836 149,584
Total liabilities and shareholders' equity $ 2,282,800 $ 2,200,335