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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 203,799 $ 164,122
Securities purchased under agreements to resell, at cost 49,230 49,567
Securities available-for-sale, at fair value 107,936 109,269
Securities held-to-maturity, at cost (fair value $69,123 and $69,346, respectively) 76,931 78,377
Securities, restricted, at cost 2,810 2,810
Loans held for investment 965,630 947,295
Less: allowance for loan losses (12,952) (12,223)
Loans, net of allowance 952,678 935,072
Premises and equipment, net 2,593 2,704
Accrued interest receivable 6,522 5,768
Other assets 48,325 47,950
Total assets 1,450,824 1,395,639
Deposits:    
Demand 548,509 444,324
Savings, NOW and money market 709,511 764,354
Time 6,352 19,558
Total deposits 1,264,372 1,228,236
Accrued expenses and other liabilities 15,701 9,245
Total liabilities 1,280,073 1,237,481
Commitments and contingencies
Stockholders' equity:    
Preferred stock, par value $0.01; authorized 2,000,000 shares; none issued
Common stock, par value $0.01; authorized 15,000,000 shares; 8,244,672 and 8,238,041 shares issued, respectively; and 8,190,758 and 8,195,333 shares outstanding, respectively 82 82
Additional paid-in capital 97,224 96,387
Retained earnings 88,504 77,712
Accumulated other comprehensive loss (13,732) (15,117)
Treasury stock at cost, 53,914 and 42,708 shares, respectively (1,327) (906)
Total stockholders' equity 170,751 158,158
Total liabilities and stockholders' equity $ 1,450,824 $ 1,395,639