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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 61,676 $ 30,562
Securities available-for-sale, at fair value 139,165 145,698
Securities, restricted, at cost 2,665 2,583
Loans 533,949 468,101
Less: allowance for loan losses (6,741) (5,629)
Loans, net 527,208 462,472
Premises and equipment, net 2,872 2,694
Accrued interest receivable 3,159 3,855
Other assets 22,993 16,035
Total assets 759,738 663,899
Deposits:    
Demand 225,740 212,721
Savings, NOW and money market 398,812 335,283
Time 19,959 20,417
Total deposits 644,511 568,421
Secured borrowings 87 89
Accrued expenses and other liabilities 8,237 2,615
Total liabilities 652,835 571,125
Commitments and Contingencies
Stockholders' equity:    
Preferred stock, par value $0.01; authorized 2,000,000 shares; no shares issued and outstanding at June 30, 2019 and December 31, 2018
Common stock, par value $0.01; authorized 15,000,000 shares; issued and outstanding 7,536,723 shares at June 30, 2019 and 7,532,723 shares at December 31, 2018 75 75
Additional paid-in capital 89,398 88,539
Retained earnings (deficit) 17,044 6,774
Accumulated other comprehensive loss 386 (2,614)
Total stockholders' equity 106,903 92,774
Total liabilities and stockholders' equity $ 759,738 $ 663,899