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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 93,485 $ 11,978
Available for sale securities (at fair value) 102,933 114,832
Loans receivable (net of allowance for loan losses of $11,633 and $5,954, respectively) 873,813 793,471
Federal Home Loan Bank stock 2,787 3,435
Accrued interest receivable 3,819 2,903
Cash surrender value of life insurance 18,877 18,457
Deferred tax assets (net of valuation allowance of $1,760 and $1,202, respectively) 3,703 2,255
Premises and equipment, net 18,839 18,338
Other real estate owned 139 1,417
Goodwill 1,410 1,410
Intangible assets, net 199 241
Other assets 8,825 5,209
Total assets 1,128,829 973,946
Deposits    
Noninterest bearing 244,344 179,236
Interest bearing 685,020 594,107
Total deposits 929,364 773,343
Mortgagors’ escrow accounts 8,494 8,106
Advances from the Federal Home Loan Bank 50,674 66,304
Subordinated debt 5,155 5,155
Accrued expenses and other liabilities 18,643 11,156
Total liabilities 1,012,330 864,064
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 46,038 45,869
Unearned common stock held by the employee stock ownership plan ("ESOP") (3,928) (4,146)
Retained earnings 78,069 72,152
Accumulated other comprehensive loss:    
Net unrealized gain (loss) on available for sale securities, net of taxes 993 (195)
Defined benefit pension plan, net of taxes (4,784) (3,909)
Total accumulated other comprehensive loss (3,791) (4,104)
Total stockholders' equity 116,499 109,882
Total liabilities and stockholders' equity $ 1,128,829 $ 973,946