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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Non-interest-bearing cash $ 4,933 $ 5,507
Interest-bearing cash and due from banks 35,951 19,738
Total cash and cash equivalents 40,884 25,245
Investment securities:    
Securities available-for-sale, at fair value 88,339 20,730
Securities held-to-maturity (fair values of $13,152 and $17,505, respectively) 13,498 17,523
Loans receivable, net of unearned income 131,842 151,800
Allowance for loan losses (2,276) (3,022)
Loans receivable, net 129,566 148,778
Accrued interest receivable 579 564
Foreclosed assets 340 415
Premises and equipment, net 6,577 5,489
Stock in Federal Home Loan Bank, at cost 1,399 1,394
Bank-owned life insurance 3,303 3,213
Other assets 864 1,337
TOTAL ASSETS 285,349 224,688
Deposits    
Non-interest-bearing 30,299 26,169
Interest-bearing 146,496 138,429
Total deposits, Amount 176,795 164,598
Advances from Federal Home Loan Bank 9,018 8,838
Other liabilities 1,190 719
TOTAL LIABILITIES 187,003 174,155
SHAREHOLDERS' EQUITY    
Preferred stock, $0.01 par value - 5,000,000 shares authorized; none issued
Common stock, $0.01 par value - 30,000,000 shares authorized; 5,290,000 issued and outstanding at December 31, 2021 53  
Additional paid-in capital 50,802  
Unallocated common stock held by Employee Stock Ownership Plan ("ESOP") (4,179)  
Retained earnings 52,353 50,426
Accumulated other comprehensive income (loss) (683) 107
TOTAL SHAREHOLDERS' EQUITY 98,346 50,533
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 285,349 $ 224,688