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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2017
Jun. 30, 2016
ASSETS    
Total cash and cash equivalents $ 16,277 $ 15,895
Long term certificate of deposit 2,145 2,210
Securities available-for-sale, at fair value 91,483 100,123
Securities held-to-maturity, at amortized cost (fair value $228,452 at June 30, 2017; $214,058 at June 30, 2016) 223,830 204,935
Federal Home Loan Bank stock, at cost 2,131 2,752
Loans 634,331 531,290
Allowance for loan losses (11,022) (9,485)
Unearned origination fees and costs, net 878 959
Net loans receivable 624,187 522,764
Premises and equipment, net 13,615 14,176
Accrued interest receivable 4,033 3,610
Foreclosed real estate 799 370
Prepaid expenses and other assets 3,791 1,946
Total assets 982,291 868,781
LIABILITIES AND SHAREHOLDERS' EQUITY    
Noninterest-bearing deposits 95,929 88,254
Interest-bearing deposits 763,606 650,633
Total deposits 859,535 738,887
Borrowings from Federal Home Loan Bank, short-term 6,900 26,100
Borrowings from Federal Home Loan Bank, long-term 22,650 20,300
Accrued expenses and other liabilities 9,685 9,193
Total liabilities 898,770 794,480
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, 2017 and 2016; Outstanding - 8,502,614 shares at June 30, 2017, and 8,475,614 shares at June 30, 2016 861 861
Additional paid-in capital 10,990 10,872
Retained earnings 73,072 63,805
Accumulated other comprehensive loss (992) (725)
Treasury stock, at cost 108,726 shares at June 30, 2017, and 135,726 shares at June 30, 2016 (410) (512)
Total shareholders' equity 83,521 74,301
Total liabilities and shareholders' equity $ 982,291 $ 868,781