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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 36,886 $ 37,138
Available for sale ("AFS") securities, at fair value (amortized cost of $170,494, net of allowance for credit losses of $0 at June 30, 2024 and amortized cost of $179,744, net of allowance for credit losses of $0 at December 31, 2023) 146,438 155,743
Held to maturity ("HTM") securities, at amortized cost (fair value of $69,027, net of allowance for credit losses of $0 at June 30, 2024 and fair value of $73,262, net of allowance for credit losses of $0 at December 31, 2023) 88,605 91,229
Equity investments 5,023 3,284
Other investments 13,878 15,725
Loans receivable 1,428,588 1,460,792
Allowance for credit losses (21,178) (22,908)
Loans receivable, net 1,407,410 1,437,884
Loans held for sale 275 5,773
Mortgage servicing rights, net 3,731 3,865
Office properties and equipment, net 17,774 18,373
Accrued interest receivable 6,289 5,409
Intangible assets 1,336 1,694
Goodwill 31,498 31,498
Foreclosed and repossessed assets, net 1,662 1,795
Bank owned life insurance ("BOLI") 25,708 25,647
Other assets 15,794 16,334
TOTAL ASSETS 1,802,307 1,851,391
Liabilities:    
Deposits 1,519,544 1,519,092
Federal Home Loan Bank (“FHLB”) advances 31,500 79,530
Other borrowings 61,498 67,465
Other liabilities 13,720 11,970
Total liabilities 1,626,262 1,678,057
Stockholders’ Equity:    
Common stock—$0.01 par value, authorized 30,000,000; 10,297,341 and 10,440,591 shares issued and outstanding, respectively 103 104
Additional paid-in capital 117,838 119,441
Retained earnings 75,501 71,117
Accumulated other comprehensive loss (17,397) (17,328)
Total stockholders’ equity 176,045 173,334
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,802,307 $ 1,851,391