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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Assets    
Cash and due from banks $ 50,590 $ 10,460
Available for sale securities (at fair value) 101,312 113,302
Held to maturity securities (fair value of $0 and $1,928, respectively) 0 1,914
Loans receivable (net of allowance for loan losses of $6,646 and $5,457, respectively 678,402 566,178
Federal Home Loan Bank stock 1,883 1,108
Accrued interest receivable 2,523 2,149
Cash surrender value of life insurance 18,018 17,577
Deferred tax assets (net of valuation allowance of $1,085 and $982, respectively) 2,934 3,021
Premises and equipment, net 17,040 17,025
Other real estate owned 1,685 2,233
Goodwill 1,410 1,505
Intangible assets, net 284 326
Other assets 6,342 5,305
Total assets 882,423 742,103
Deposits    
Noninterest bearing 171,829 157,828
Interest bearing 512,589 492,277
Total deposits 684,418 650,105
Mortgagors' escrow accounts 7,725 7,284
Advances from the Federal Home Loan Bank 31,598 14,900
Subordinated debt 5,155 5,155
Other borrowings 5,000  
Subscription offering proceeds 79,142  
Accrued expenses and other liabilities 10,108 9,682
Total liabilities 823,146 687,126
Stockholders' Equity    
Common stock (par value $0.01 per share; 100 shares) 0 0
Additional paid-in capital 100 100
Retained earnings 66,189 61,832
Accumulated other comprehensive loss:    
Net unrealized loss on available for sale securities, net of taxes (2,576) (2,322)
Defined benefit pension plan, net of taxes (4,436) (4,633)
Total accumulated other comprehensive loss [1] (7,012) (6,955)
Total stockholders' equity 59,277 54,977
Total liabilities and stockholders' equity $ 882,423 $ 742,103
[1] All amounts are net of tax. Related income tax expense or benefit is calculated using an income tax rate of 21.0 % in Fiscal 2018 and 34.0% in Fiscal 2017.