Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 115,762	$ 55,770
Available-for-sale securities, at fair value	13,296	9,306
Loans held-for-sale	16,063	1,063
Loans held-for-portfolio	689,434	619,887
Allowance for loan losses	(5,988)	(5,640)
Total loans held-for-portfolio, net	683,446	614,247
Accrued interest receivable	2,536	2,206
Bank-owned life insurance (“BOLI”), net	14,404	14,183
Other real estate owned (“OREO”) and repossessed assets, net	575	575
Mortgage servicing rights, at fair value	3,339	3,239
Federal Home Loan Bank (“FHLB”) stock, at cost	1,164	1,160
Premises and equipment, net	6,466	6,767
Right of use assets	6,945	7,641
Other assets	3,382	3,696
Total assets	867,378	719,853
Deposits
Interest-bearing	596,613	519,434
Noninterest-bearing demand	152,237	97,284
Total deposits	748,850	616,718
Borrowings	7,500	7,500
Accrued interest payable	213	226
Lease liabilities	7,348	8,010
Other liabilities	7,783	8,368
Advance payments from borrowers for taxes and insurance	1,678	1,305
Subordinated debt, net	11,676	0
Total liabilities	785,048	642,127
COMMITMENTS AND CONTINGENCIES (NOTE 7)
STOCKHOLDERS’ EQUITY
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued or outstanding	0	0
Common stock, $0.01 par value, 40,000,000 shares authorized, 2,595,289 and 2,567,389 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively	25	25
Additional paid-in capital	27,018	26,343
Unearned shares - Employee Stock Ownership Plan (“ESOP”)	(142)	(227)
Retained earnings	55,170	51,410
Accumulated other comprehensive income, net of tax	259	175
Total stockholders’ equity	82,330	77,726
Total liabilities and stockholders’ equity	$ 867,378	$ 719,853