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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2016
Jun. 30, 2015
ASSETS    
Total cash and cash equivalents $ 15,895 $ 15,538
Long term certificates of deposit 2,210 1,230
Securities available-for-sale, at fair value 100,123 86,034
Securities held-to-maturity, at amortized cost (fair value $214,058 at June 30, 2016; $171,976 at June 30, 2015) 204,935 169,000
Federal Home Loan Bank stock, at cost 2,752 2,494
Loans 531,290 450,755
Allowance for loan losses (9,485) (8,142)
Unearned origination fees and costs, net 959 883
Net loans receivable 522,764 443,496
Premises and equipment, net 14,176 14,515
Accrued interest receivable 3,610 3,026
Foreclosed real estate 370 847
Prepaid expenses and other assets 1,946 2,467
Total assets 868,781 738,647
LIABILITIES AND SHAREHOLDERS' EQUITY    
Noninterest-bearing deposits 88,254 73,678
Interest-bearing deposits 650,633 549,039
Total deposits 738,887 622,717
Borrowings from Federal Home Loan Bank, short-term 26,100 22,900
Borrowings from Federal Home Loan Bank, long-term 20,300 18,800
Accrued expenses and other liabilities 9,193 7,310
Total liabilities 794,480 671,727
SHAREHOLDERS' EQUITY    
Preferred stock, Authorized - 1,000,000 shares; Issued - None 0 0
Common stock, par value $.10 per share; Authorized - 12,000,000 shares; Issued - 8,611,340 shares at June 30, 2016, and 4,305,670 shares at June 30, 2015; Outstanding 8,475,614 shares at June 30, 2016, and 4,222,357 shares at June 30, 2015 861 431
Additional paid-in capital 10,872 11,220
Retained earnings 63,805 56,696
Accumulated other comprehensive loss (725) (798)
Treasury stock, at cost 135,726 shares at June 30, 2016, and 83,313 shares at June 30, 2015 (512) (629)
Total shareholders' equity 74,301 66,920
Total liabilities and shareholders' equity $ 868,781 $ 738,647