CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 61,806	$ 30,562
Securities available-for-sale	146,419	145,698
Securities, restricted, at cost	2,665	2,583
Loans	565,369	468,101
Less: allowance for loan losses	(6,989)	(5,629)
Loans, net	558,380	462,472
Premises and equipment, net	2,835	2,694
Accrued interest receivable	3,242	3,855
Deferred tax assets	2,049	3,072
Other assets	20,612	12,963
Total assets	798,008	663,899
Deposits:
Demand	201,837	212,721
Savings, NOW and money market	459,037	335,283
Time	19,746	20,417
Total deposits	680,620	568,421
Secured borrowings	86	89
Accrued expenses and other liabilities	6,240	2,615
Total liabilities	686,946	571,125
Commitments and contingencies
Stockholders' equity:
Common stock, par value $0.01; authorized 15,000,000 shares; issued and outstanding 7,652,170 shares at December 31, 2019 and 7,532,723 shares at December 31, 2018	77	75
Additional paid-in capital	89,682	88,539
Retained earnings	20,917	6,774
Accumulated other comprehensive income (loss)	386	(2,614)
Total stockholders' equity	111,062	92,774
Total liabilities and stockholders' equity	$ 798,008	$ 663,899