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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and due from depository institutions $ 17,391 $ 10,940
Federal funds sold 32 0
Cash and cash equivalents 17,423 10,940
Investment securities available-for-sale, at fair value 67,346 77,538
Investment securities held-to-maturity, at amortized cost 11,434 13,441
Loans held for sale 2,204 1,062
Loans receivable, net 374,418 363,259
Accrued income receivable 1,566 1,599
Foreclosed real estate 39 335
Premises and equipment, net 9,101 9,125
Bank owned life insurance 10,525 10,393
Federal Home Loan Bank ("FHLB") of Boston stock, at cost 4,548 4,548
Other assets 2,170 2,850
Total assets 500,774 495,090
Liabilities    
Deposits 373,167 373,459
FHLB advances 59,811 53,762
Mortgagors' escrow accounts 4,385 4,341
Deferred tax liabilities 94 651
Other liabilities 2,135 2,006
Total liabilities 439,592 434,219
Stockholders' equity    
Preferred stock, $.01 par value; 1,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, $.01 par value; 25,000,000 shares authorized; 7,002,366 shares issued; 7,002,208 shares outstanding at June 30, 2015 and December 31, 2014, respectively 70 70
Paid-in capital 58,761 58,698
Retained earnings 4,684 3,323
Unearned employee stock ownership plan ("ESOP") shares (294,387 shares at June 30, 2015 and December 31, 2014) (2,480) (2,480)
Treasury Stock, at cost (158 shares at June 30, 2015 and December 31, 2014) (1) (1)
Accumulated other comprehensive income, net of tax 148 1,261
Total stockholders' equity 61,182 60,871
Total liabilities and stockholders' equity $ 500,774 $ 495,090