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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 72,091 $ 93,485
Available for sale securities (at fair value) 280,283 102,933
Loans receivable (net of allowance for loan losses of $7,559 and $11,633, respectively) 854,967 873,813
Federal Home Loan Bank stock 1,322 2,787
Accrued interest receivable 3,366 3,819
Cash surrender value of life insurance 29,131 18,877
Deferred tax assets (net of valuation allowance of $454 and $1,760, respectively) 3,352 3,703
Premises and equipment, net 19,183 18,839
Other real estate owned   139
Goodwill 2,235 1,410
Intangible assets, net 433 199
Other assets 14,803 8,825
Total assets 1,281,166 1,128,829
Deposits    
Non-interest bearing 314,814 244,344
Interest bearing 787,185 685,020
Total deposits 1,101,999 929,364
Mortgagors' escrow accounts 9,130 8,494
Advances from the Federal Home Loan Bank 18,041 50,674
Subordinated debt 5,155 5,155
Accrued expenses and other liabilities 20,872 18,643
Total liabilities 1,155,197 1,012,330
Stockholders' Equity    
Preferred stock (par value $0.01 per share; 5,000,000 authorized, no shares issued)
Common stock (par value $0.01; authorized 25,000,000; issued and outstanding 11,296,103 and 11,303,059 at December 31, 2021 and 2020, respectively) 113 113
Additional paid-in capital 46,573 46,036
Unearned common stock held by the employee stock ownership plan (3,709) (3,928)
Retained earnings 89,627 78,069
Accumulated other comprehensive loss:    
Net unrealized (loss) gain on available for sale securities, net of taxes (2,734) 993
Defined benefit pension plan, net of taxes (3,901) (4,784)
Total accumulated other comprehensive loss (6,635) (3,791)
Total stockholders' equity 125,969 116,499
Total liabilities and stockholders' equity $ 1,281,166 $ 1,128,829