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Consolidated Statements of Financial Condition - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Assets [Abstract]    
Cash and due from banks $ 29,824,000 $ 23,243,000
Interest-bearing deposits in banks 1,735,000 1,302,000
Federal funds sold 0 0
Total cash and cash equivalents 31,559,000 24,545,000
Securities available-for-sale, at fair value (amortized cost of $319,939 and $345,355 at December 31, 2024 and December 31, 2023, respectively) 292,590,000 318,279,000
Federal Home Loan Bank ("FHLB") stock 7,778,000 9,191,000
Federal Reserve Bank ("FRB") stock 4,131,000 4,131,000
Mortgage loans held-for-sale, at fair value 13,368,000 11,432,000
Loans receivable, net of allowance for credit losses of $16,850 and $16,440 at December 31, 2024 and December 31, 2023, respectively 1,503,796,000 1,468,049,000
Accrued interest and dividends receivable 12,890,000 12,485,000
Mortgage servicing rights, net 15,376,000 15,853,000
Assets held-for-sale, at cost 960,000 0
Property, Plant and Equipment, Net 101,540,000 94,282,000
Cash surrender value of life insurance, net 53,232,000 47,939,000
Goodwill 34,740,000 34,740,000
Core deposit intangible, net 4,499,000 5,880,000
Deferred tax asset, net 10,364,000 9,771,000
Other Assets 16,267,000 19,089,000
Total assets 2,103,090,000 2,075,666,000
LIABILITIES:    
Noninterest-bearing 419,211,000 418,727,000
Interest-bearing 1,262,017,000 1,216,468,000
Total deposits 1,681,228,000 1,635,195,000
Accrued Liabilities and Other Liabilities 47,018,000 36,462,000
FHLB advances and other borrowings 140,930,000 175,737,000
Other long-term debt:    
Principal amount 60,155,000 60,155,000
Unamortized debt issuance costs (1,006,000) (1,156,000)
Total other long-term debt, net 59,149,000 58,999,000
Total liabilities 1,928,325,000 1,906,393,000
COMMITMENTS AND CONTINGENCIES (NOTE 10)
SHAREHOLDERS' EQUITY:    
Preferred stock (par value $0.01 per share; 1,000,000 shares authorized; no shares issued or outstanding) 0 0
Common stock ($0.01 par value; 20,000,000 shares authorized; 8,507,429 shares issued at December 31, 2024 and 2023 respectively; 8,027,177 and 8,016,784 shares outstanding at December 31, 2024 and 2023, respectively) 85,000 85,000
Additional paid-in capital 108,334,000 108,819,000
Unallocated common stock held by Employee Stock Ownership Plan ("ESOP") (4,011,000) (4,583,000)
Treasury stock, at cost (480,252 and 490,645 shares at December 31, 2024 and 2023, respectively) (10,761,000) (11,124,000)
Retained earnings 101,264,000 96,021,000
Accumulated other comprehensive loss, net of tax (20,146,000) (19,945,000)
Total shareholders' equity 174,765,000 169,273,000
Total liabilities and shareholders' equity $ 2,103,090,000 $ 2,075,666,000