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Consolidated Statements of Financial Condition (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and due from depository institutions $ 33,130 $ 11,686
Investment in federal funds 1,069 2,577
Investment securities available-for-sale, at fair value 28,181 31,683
Investment securities held-to-maturity, at amortized cost 14,397 15,334
Loans held for sale 2,666 81
Loans receivable, net 484,176 473,521
Accrued income receivable 1,984 1,979
Foreclosed real estate and repossessed assets, net 790 421
Premises and equipment, net 9,748 9,612
Bank owned life insurance 9,403 9,248
Federal Home Loan Bank stock, at cost 6,252 6,252
Deferred income taxes 2,292 2,413
Other assets 2,186 3,446
Total assets 596,274 568,253
LIABILITIES AND STOCKHOLDERS' EQUITY    
Deposits 415,177 405,875
Borrowed funds 90,741 102,842
Mortgagors' escrow accounts 4,855 4,832
Other liabilities 2,956 2,444
Total liabilities 513,729 515,993
Commitments and contingencies    
Stockholders' equity    
Preferred stock, $.01 par value; 1,000,000 shares authorized; no shares issued or outstanding 0 [1] 0 [1]
Common stock, $.01 par value; 25,000,000 shares authorized; 7,002,366 and 7,587,645 shares issued; 7,002,366 and 7,003,186 shares outstanding at June 30, 2011 and December 31, 2010, respectively 70 [1] 76 [1]
Paid-in capital 58,940 [1] 33,786 [1]
Retained earnings 26,924 [1] 25,986 [1]
Unearned ESOP shares (423,843 shares at June 30, 2011 and 173,463 shares at December 31, 2010) (3,741) [1] (1,738) [1]
Unearned stock awards (2,195 shares at June 30, 2011 and 2,893 shares at December 31, 2010 (21) [1] (29) [1]
Treasury stock, at cost (no shares at June 30, 2011 and 587,579 shares at December 31, 2010) 0 [1] (6,176) [1]
Accumulated other comprehensive income 373 [1] 355 [1]
Total stockholders' equity 82,545 [1] 52,260 [1]
Total liabilities and stockholders' equity $ 596,274 $ 568,253
[1] Share data for period ended December 31, 2010 has been restated to reflect the effect of the Company's stock offering and concurrent second-step conversion effective June 29, 2011 at an exchange ratio of 0.9978.