XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 39,922 $ 72,091
Available for sale securities (at fair value) 245,628 280,283
Loans receivable (net of allowance for loan losses of $8,169 and $7,559, respectively) 927,188 854,967
Federal Home Loan Bank stock 1,731 1,322
Accrued interest receivable 3,298 3,366
Cash surrender value of life insurance 29,449 29,131
Deferred tax assets (net of valuation allowance of $470 and $454, respectively) 7,962 3,352
Premises and equipment, net 19,067 19,183
Goodwill 2,235 2,235
Intangible assets, net 382 433
Other assets 15,948 14,803
Total assets 1,292,810 1,281,166
Deposits    
Non-interest bearing 304,314 314,814
Interest bearing 808,115 787,185
Total deposits 1,112,429 1,101,999
Mortgagors' escrow accounts 12,596 9,130
Advances from the Federal Home Loan Bank 23,806 18,041
Subordinated debt 5,155 5,155
Accrued expenses and other liabilities 25,483 20,872
Total liabilities 1,179,469 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 June 30, 2022 and December 31, 2021) 113 113
Additional paid-in capital 46,881 46,573
Unearned common stock held by the employee stock ownership plan (3,601) (3,709)
Retained earnings 93,709 89,627
Accumulated other comprehensive loss:    
Net unrealized loss on available for sale securities, net of taxes (19,198) (2,734)
Defined benefit pension plan, net of taxes (4,563) (3,901)
Total accumulated other comprehensive loss (23,761) (6,635)
Total stockholders' equity 113,341 125,969
Total liabilities and stockholders' equity $ 1,292,810 $ 1,281,166