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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2023
Jun. 30, 2023
ASSETS    
Cash and due from banks $ 23,454 $ 15,305
Interest-bearing deposits 106,799 181,140
Total cash and cash equivalents 130,253 196,445
Long-term certificates of deposit 4,070 4,576
Securities available-for-sale, at fair value 308,716 281,133
Securities held-to-maturity, at amortized cost , net of allowance for credit losses of $498 at September 30, 2023 711,716 726,363
Equity securities, at fair value 299 306
Federal Home Loan Bank stock, at cost 1,979 1,682
Loans receivable 1,448,340 [1],[2] 1,408,866
Allowance for credit losses on loans (20,249) (21,212)
Net loans receivable 1,428,091 1,387,654
Premises and equipment, net 15,282 15,028
Bank-owned life insurance 55,425 55,063
Accrued interest receivable 13,761 12,249
Foreclosed real estate 302 302
Prepaid expenses and other assets 18,301 17,482
Total assets 2,688,195 2,698,283
LIABILITIES AND SHAREHOLDERS' EQUITY    
Noninterest-bearing deposits 166,054 159,039
Interest-bearing deposits 2,254,427 2,278,122
Total deposits 2,420,481 2,437,161
Borrowings from Federal Home Loan Bank term 4,374 0
Subordinated notes payable, net 49,542 49,495
Accrued expenses and other liabilities 29,630 28,344
Total liabilities 2,504,027 2,515,000
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 September 30, 2023 and June 30, 2023; Outstanding - 17,026,828 shares at September 30, 2023, and June 30, 2023 1,722 1,722
Additional paid-in capital 10,156 10,156
Retained earnings 198,318 193,721
Accumulated other comprehensive loss (25,120) (21,408)
Treasury stock, at cost 195,852 shares at September 30, 2023, and June 30, 2023 (908) (908)
Total shareholders' equity 184,168 183,283
Total liabilities and shareholders' equity $ 2,688,195 $ 2,698,283
[1] Loan balances exclude accrued interest receivable of $6.0 million at September 30, 2023, which is included in accrued interest receivable in the consolidated statement of financial condition.
[2] Loan balances include net deferred fees/cost of $62,000 at September 30, 2023.