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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2023
Jun. 30, 2022
ASSETS    
Total cash and cash equivalents $ 196,445 $ 69,009
Long-term certificates of deposit 4,576 4,107
Securities available-for-sale, at fair value 281,133 408,062
Securities held-to-maturity, at amortized cost (fair value $671,066 at June 30, 2023; $710,453 at June 30, 2022) 726,363 761,852
Equity securities, at fair value 306 273
Federal Home Loan Bank stock, at cost 1,682 6,803
Gross loans receivable 1,408,791 1,251,987
Allowance for loan losses (21,212) (22,761)
Unearned origination fees and costs, net 75 129
Net loans receivable 1,387,654 1,229,355
Premises and equipment, net 15,028 14,362
Bank-owned life insurance 55,063 53,695
Accrued interest receivable 12,249 8,917
Foreclosed real estate 302 68
Prepaid expenses and other assets 17,482 15,237
Total assets 2,698,283 2,571,740
LIABILITIES AND SHAREHOLDERS' EQUITY    
Noninterest bearing deposits 159,039 187,697
Interest bearing deposits 2,278,122 2,024,907
Total deposits 2,437,161 2,212,604
Borrowings from Federal Home Loan Bank, short-term 0 123,700
Subordinated notes payable, net 49,495 49,310
Accrued expenses and other liabilities 28,344 28,412
Total liabilities 2,515,000 2,414,026
SHAREHOLDERS' EQUITY    
Preferred stock, Authorized - 1,000,000 shares; Issued - None 0 0
Common stock, par value $0.10 per share; Authorized - 36,000,000 shares; Issued - 17,222,680 shares at June 30, 2023 and June 30, 2022 Outstanding -17,026,828 shares at June 30, 2023 and June 30, 2022 1,722 1,722
Additional paid-in capital 10,156 10,156
Retained earnings 193,721 165,127
Accumulated other comprehensive loss (21,408) (18,383)
Treasury stock, at cost 195,852 shares at June 30, 2023 and June 30, 2022 (908) (908)
Total shareholders' equity 183,283 157,714
Total liabilities and shareholders' equity $ 2,698,283 $ 2,571,740