CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 114,428	$ 61,806
Securities available-for-sale, at fair value	122,625	146,419
Securities, restricted, at cost	2,694	2,665
Loans	593,678	565,369
Less: allowance for loan losses	(10,676)	(6,989)
Loans, net	583,002	558,380
Premises and equipment, net	2,887	2,835
Accrued interest receivable	4,056	3,242
Other assets	22,193	22,661
Total assets	851,885	798,008
Deposits:
Demand	276,332	201,837
Savings, NOW and money market	429,225	459,037
Time	19,369	19,746
Total deposits	724,926	680,620
Secured borrowings	85	86
Accrued expenses and other liabilities	8,671	6,240
Total liabilities	733,682	686,946
Commitments and Contingencies
Stockholders' equity:
Preferred stock, par value $0.01; authorized 2,000,000 shares; no shares issued and outstanding at June 30, 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 7,662,840 and 7,652,170 shares outstanding, respectively	77	77
Additional paid-in capital	90,747	89,682
Retained earnings	26,047	20,917
Accumulated other comprehensive loss	1,899	386
Treasury stock at cost, 34,306 and 0 shares, respectively	(567)
Total stockholders' equity	118,203	111,062
Total liabilities and stockholders' equity	$ 851,885	$ 798,008