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Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from other financial institutions $ 10,655 $ 9,095
Interest-bearing deposits in other financial institutions 259,816 493,067
Cash and cash equivalents 270,471 502,162
Securities, at fair value 158,951 85,694
Loans receivable, net of allowance for loan losses: June 30, 2022, $7,202 and December 31, 2021, $6,715 1,142,743 1,044,207
Foreclosed assets, net 842 725
Stock in Federal Home Loan Bank ("FHLB") and Federal Reserve Bank ("FRB"), at cost 7,490 7,490
Premises and equipment, net 25,103 25,043
Accrued interest receivable 6,660 4,648
Bank-owned life insurance 18,893 19,129
Deferred taxes 4,261 2,762
Other assets 9,472 8,822
Total assets 1,644,886 1,700,682
Liabilities    
Noninterest-bearing 311,408 342,185
Interest-bearing 1,133,342 1,146,246
Total deposits 1,444,750 1,488,431
Borrowings 0 5,000
Subordinated notes, net of unamortized issuance costs 19,612 19,590
Advance payments by borrowers for taxes and insurance 10,872 7,993
Accrued interest payable and other liabilities 15,522 22,202
Total liabilities 1,490,756 1,543,216
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; 13,153,485 shares issued at June 30, 2022 and 13,228,485 shares issued at December 31, 2021 131 132
Additional paid-in capital 89,917 90,709
Retained earnings 67,742 66,545
Accumulated other comprehensive (loss) income (3,660) 80
Total stockholders’ equity 154,130 157,466
Total liabilities and stockholders’ equity $ 1,644,886 $ 1,700,682