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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 21,796 $ 11,978
Available for sale securities (at fair value) 115,134 114,832
Loans receivable (net of allowance for loan losses of $6,620 and $5,954, respectively) 810,361 793,471
Federal Home Loan Bank stock 4,035 3,435
Accrued interest receivable 3,102 2,903
Cash surrender value of life insurance 18,554 18,457
Deferred tax assets (net of valuation allowance of $1,247 and $1,202, respectively) 1,541 2,255
Premises and equipment, net 18,504 18,338
Other real estate owned 1,382 1,417
Goodwill 1,410 1,410
Intangible assets, net 230 241
Other assets 11,217 5,209
Total assets 1,007,266 973,946
Deposits    
Noninterest bearing 174,958 179,236
Interest bearing 609,697 594,107
Total deposits 784,655 773,343
Mortgagors’ escrow accounts 7,063 8,106
Advances from the Federal Home Loan Bank 79,645 66,304
Subordinated debt 5,155 5,155
Accrued expenses and other liabilities 16,851 11,156
Total liabilities 893,369 864,064
Stockholders' Equity    
Preferred stock (par value $0.01 per share; 5,000,000 authorized, no shares issued)
Common stock (par value $0.01 per share; 25,000,000 authorized, 11,133,290 issued and outstanding) 111 111
Additional paid-in capital 45,869 45,869
Unearned common stock held by the employee stock ownership plan ("ESOP") (4,091) (4,146)
Retained earnings 73,227 72,152
Accumulated other comprehensive loss:    
Net unrealized gain (loss) on available for sale securities, net of taxes 2,412 (195)
Defined benefit pension plan, net of taxes (3,631) (3,909)
Total accumulated other comprehensive loss (1,219) (4,104)
Total stockholders' equity 113,897 109,882
Total liabilities and stockholders' equity $ 1,007,266 $ 973,946