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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 54,806 $ 193,446
Securities available for sale, at fair value 352,183 324,892
Securities held to maturity (fair value of $26,928 at June 30, 2022 and $22,849 at December 31, 2021) 29,794 23,281
Other investments 11,337 10,182
Loans receivable, net of allowance of $14,050 at June 30, 2022 and $14,425 at December 31, 2021 1,414,223 1,273,184
Interest and dividends receivable 5,945 5,372
Premises and equipment, net 30,684 28,126
Right-of-use assets 24,163 25,457
Bank owned life insurance 21,892 21,662
Other assets 19,023 8,609
Total assets 1,964,050 1,914,211
Liabilities    
Deposits 1,296,674 1,247,040
Advances from the Federal Home Loan Bank 205,500 185,500
Advances by borrowers for taxes and insurance 10,126 9,582
Lease liabilities 25,461 26,696
Other liabilities 13,996 15,922
Total liabilities 1,551,757 1,484,740
Shareholders’ equity    
Common stock $0.01 par value; 70,000,000 shares authorized; 28,522,500 shares issued and outstanding 285 285
Additional paid-in capital 282,154 282,006
Retained earnings 170,050 169,457
Unallocated common shares held by ESOP (21,449) (21,905)
Accumulated other comprehensive loss (18,747) (372)
Total shareholders’ equity 412,293 429,471
Total liabilities and shareholders’ equity $ 1,964,050 $ 1,914,211