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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Cash and due from banks (Note 2):    
Cash $ 15,875 $ 6,762
Interest-bearing deposits in banks 60,756 20,915
Total cash and cash equivalents 76,631 27,677
Available-for-sale securities, at fair value (Note 3) 13,800 21,504
Loans held for sale 1,030 1,030
Loans receivable, net (Note 4) 1,072,417 955,737
Accrued interest receivable 7,677 3,982
Premises and equipment, net (Note 5) 32,102 32,746
Federal Home Loan Bank of New York stock (FHLBNY), at cost 6,422 5,735
Deferred tax assets (Note 8) 4,328 3,724
Other assets 5,824 1,621
Total assets 1,220,231 1,053,756
Liabilities:    
Deposits (Note 6) 936,219 782,043
Accrued interest payable 48 97
Advance payments by borrowers for taxes and insurance 6,007 6,348
Advances from the Federal Home Loan Bank of New York and others (Note 7) 117,284 104,404
Other liabilities 5,674 2,462
Total liabilities 1,065,232 895,354
Commitments and contingencies (Note 11)
Stockholders' Equity:    
Preferred stock, $0.01 par value; 10,000,000 shares authorized, none issued
Common stock, $0.01 par value; 50,000,000 shares authorized; 18,463,028 shares issued and 17,234,291 shares outstanding as of June 30, 2020 and 18,463,028 shares issued and 17,451,134 shares outstanding as of December 31, 2019 185 185
Treasury stock, at cost; 1,228,737 shares as of June 30, 2020 and 1,011,894 shares as of December 31, 2019 (Note 9) (17,172) (14,478)
Additional paid-in-capital 85,481 84,777
Retained earnings 91,904 93,688
Accumulated other comprehensive income (Note 14) 150 20
Unearned compensation - ESOP; 554,875 shares as of June 30, 2020 and 579,001 shares as of December 31, 2019 (Note 9) (5,549) (5,790)
Total stockholders' equity 154,999 158,402
Total liabilities and stockholders' equity $ 1,220,231 $ 1,053,756