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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 18,356 $ 50,590
Available for sale securities (at fair value) 115,705 101,312
Loans receivable (net of allowance for loan losses of $7,903 and $6,646, respectively) 758,999 678,402
Federal Home Loan Bank stock 2,608 1,883
Accrued interest receivable 2,793 2,523
Cash surrender value of life insurance 18,359 18,018
Deferred tax assets (net of valuation allowance of $1,210 and $1,085, respectively) 2,340 2,934
Premises and equipment, net 18,571 17,040
Other real estate owned 1,505 1,685
Goodwill 1,410 1,410
Intangible assets, net 252 284
Other assets 5,129 6,342
Total assets 946,027 882,423
Deposits    
Noninterest bearing 179,924 171,829
Interest bearing 590,061 512,589
Total deposits 769,985 684,418
Mortgagors’ escrow accounts 3,693 7,725
Advances from the Federal Home Loan Bank 47,936 31,598
Subordinated debt 5,155 5,155
Other borrowings   5,000
Subscription offering proceeds   79,142
Accrued expenses and other liabilities 11,003 10,108
Total liabilities 837,772 823,146
Stockholders' Equity    
Preferred stock (par value $0.01 per share; 5,000,000 authorized, 0 issued)
Common stock (par value $0.01 per share; 25,000,000 authorized, 11,133,290 issued and outstanding) 111  
Additional paid-in capital 45,865 100
Unallocated common stock held by the employee stock ownership plan (4,200)  
Retained earnings 70,412 66,189
Accumulated other comprehensive loss:    
Net unrealized gain (loss) on available for sale securities, net of taxes 363 (2,576)
Defined benefit pension plan, net of taxes (4,296) (4,436)
Total accumulated other comprehensive loss (3,933) (7,012)
Total stockholders' equity 108,255 59,277
Total liabilities and stockholders' equity $ 946,027 $ 882,423