CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 70,379	$ 61,806
Securities available-for-sale, at fair value	138,125	146,419
Securities, restricted, at cost	2,665	2,665
Loans	590,397	565,369
Less: allowance for loan losses	(8,878)	(6,989)
Loans, net	581,519	558,380
Premises and equipment, net	2,913	2,835
Accrued interest receivable	3,309	3,242
Other assets	22,570	22,661
Total assets	821,480	798,008
Deposits:
Demand	260,994	201,837
Savings, NOW and money market	417,144	459,037
Time	19,692	19,746
Total deposits	697,830	680,620
Secured borrowings	85	86
Accrued expenses and other liabilities	8,680	6,240
Total liabilities	706,595	686,946
Commitments and Contingencies
Stockholders' equity:
Preferred stock, par value $0.01; authorized 2,000,000 shares; no shares issued and outstanding at March 31, 2020 and December 31, 2019
Common stock, par value $0.01; authorized 15,000,000 shares; 7,697,146 and 7,652,170 shares issued, respectively; and 7,669,440 and 7,652,170 shares outstanding, respectively	77	77
Additional paid-in capital	90,360	89,682
Retained earnings (deficit)	23,514	20,917
Accumulated other comprehensive loss	1,419	386
Treasury stock at cost, 27,706 and 0 shares, respectively	(485)
Total stockholders' equity	114,885	111,062
Total liabilities and stockholders' equity	$ 821,480	$ 798,008