XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 67,365 $ 72,091
Available for sale securities (at fair value) 277,037 280,283
Loans receivable (net of allowance for loan losses of $7,700 and $7,559, respectively) 860,190 854,967
Federal Home Loan Bank stock 1,227 1,322
Accrued interest receivable 3,256 3,366
Cash surrender value of life insurance 29,288 29,131
Deferred tax assets (net of valuation allowance of $466 and $454, respectively) 6,302 3,352
Premises and equipment, net 19,382 19,183
Goodwill 2,235 2,235
Intangible assets, net 406 433
Other assets 14,796 14,803
Total assets 1,281,484 1,281,166
Deposits    
Non-interest bearing 304,596 314,814
Interest bearing 808,024 787,185
Total deposits 1,112,620 1,101,999
Mortgagors' escrow accounts 7,757 9,130
Advances from the Federal Home Loan Bank 15,928 18,041
Subordinated debt 5,155 5,155
Accrued expenses and other liabilities 22,731 20,872
Total liabilities 1,164,191 1,155,197
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 at March 31, 2022 and December 31, 2021) 113 113
Additional paid-in capital 46,729 46,573
Unearned common stock held by the employee stock ownership plan (3,655) (3,709)
Retained earnings 91,680 89,627
Accumulated other comprehensive loss:    
Net unrealized loss on available for sale securities, net of taxes (13,673) (2,734)
Defined benefit pension plan, net of taxes (3,901) (3,901)
Total accumulated other comprehensive loss (17,574) (6,635)
Total stockholders' equity 117,293 125,969
Total liabilities and stockholders' equity $ 1,281,484 $ 1,281,166