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Condensed Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS:    
Cash and due from banks $ 21,878 $ 19,321
Interest-bearing deposits in banks 1,116 2,490
Total cash and cash equivalents 22,994 21,811
Securities available-for-sale 325,964 349,495
Federal Home Loan Bank ("FHLB") stock 10,099 5,089
Federal Reserve Bank ("FRB") stock 4,131 4,131
Mortgage loans held-for-sale, at fair value 22,381 8,250
Loans receivable, net of allowance for credit losses of $15,560 at June 30, 2023 and $14,000 at December 31, 2022 (1) [1] 1,405,923 1,339,678
Accrued interest and dividends receivable 11,194 11,284
Mortgage servicing rights, net 15,501 15,412
Assets held-for-sale, at fair value 323 1,305
Premises and equipment, net 88,760 84,323
Cash surrender value of life insurance, net 47,520 47,724
Goodwill 34,740 34,740
Core deposit intangible, net 6,648 7,459
Other assets 27,101 17,683
Total assets 2,023,279 1,948,384
LIABILITIES:    
Noninterest-bearing 432,463 468,955
Interest-bearing 1,145,904 1,166,317
Total deposits 1,578,367 1,635,272
Accrued expenses and other liabilities 32,002 26,458
FHLB advances and other borrowings 191,260 69,394
Other long-term debt:    
Principal amount 60,155 60,155
Unamortized debt issuance costs (1,230) (1,311)
Total other long-term debt, net 58,925 58,844
Total liabilities 1,860,554 1,789,968
SHAREHOLDERS' EQUITY:    
Preferred stock (par value $0.01 per share; 1,000,000 shares authorized; no shares issued or outstanding) 0 0
Common stock (par value $0.01 per share; 20,000,000 shares authorized; 8,507,429 shares issued at June 30, 2023 and December 31, 2022; 7,988,132 and 8,006,033 shares outstanding at June 30, 2023 and December 31, 2022), respectively 85 85
Additional paid-in capital 109,345 109,164
Unallocated common stock held by Employee Stock Ownership Plan ("ESOP") (4,870) (5,156)
Treasury stock, at cost (519,297 and 501,396 shares at June 30, 2023 and December 31, 2022, respectively) (11,574) (11,343)
Retained earnings 93,462 92,023
Accumulated other comprehensive loss, net of tax (23,723) (26,357)
Total shareholders' equity 162,725 158,416
Total liabilities and shareholders' equity $ 2,023,279 $ 1,948,384
[1] Allowance for credit losses at June 30, 2023; allowance for loan losses for prior period.