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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 74,574 $ 11,978
Available for sale securities (at fair value) 105,138 114,832
Loans receivable (net of allowance for loan losses of $8,572 and $5,954, respectively) 887,320 793,471
Federal Home Loan Bank stock 3,162 3,435
Accrued interest receivable 3,676 2,903
Cash surrender value of life insurance 18,650 18,457
Deferred tax assets (net of valuation allowance of $1,582 and $1,202, respectively) 3,033 2,255
Premises and equipment, net 18,622 18,338
Other real estate owned 1,178 1,417
Goodwill 1,410 1,410
Intangible assets, net 220 241
Other assets 11,347 5,209
Total assets 1,128,330 973,946
Deposits    
Noninterest bearing 247,800 179,236
Interest bearing 662,239 594,107
Total deposits 910,039 773,343
Mortgagors’ escrow accounts 11,366 8,106
Advances from the Federal Home Loan Bank 59,016 66,304
Federal Reserve Bank borrowings 12,080  
Subordinated debt 5,155 5,155
Accrued expenses and other liabilities 16,994 11,156
Total liabilities 1,014,650 864,064
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 45,852 45,869
Unearned common stock held by the employee stock ownership plan ("ESOP") (4,037) (4,146)
Retained earnings 74,575 72,152
Accumulated other comprehensive loss:    
Net unrealized gain (loss) on available for sale securities, net of taxes 1,842 (195)
Defined benefit pension plan, net of taxes (4,663) (3,909)
Total accumulated other comprehensive loss (2,821) (4,104)
Total stockholders' equity 113,680 109,882
Total liabilities and stockholders' equity $ 1,128,330 $ 973,946