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Consolidated Statements of Financial Condition - USD ($)
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 324,291,000 $ 316,445,000
Securities available for sale, at fair value 314,146,000 244,587,000
Assets held for sale 6,117,000 5,295,000
Securities held to maturity (fair value of $23,147 at September 30, 2021 and $6,979 at December 31, 2020) 23,325,000 7,005,000
Restricted stock, at cost 12,976,000 16,860,000
Loans receivable, net of allowance of $15,248 at September 30, 2021 and $16,959 at December 31, 2020 1,238,975,000 1,267,114,000
Real estate owned, net 624,000 624,000
Interest and dividends receivable 5,706,000 5,749,000
Premises and equipment, net 26,648,000 19,569,000
Right-of-use assets 26,101,000 24,878,000
Bank owned life insurance 21,547,000 21,186,000
Other assets 23,877,000 13,234,000
Total assets 2,024,333,000 1,942,546,000
Liabilities    
Deposits 1,265,617,000 1,356,184,000
Advances from the Federal Home Loan Bank 247,600,000 329,400,000
Advances by borrowers for taxes and insurance 10,165,000 10,841,000
Lease liabilities 27,293,000 25,535,000
Other liabilities 25,423,000 14,986,000
Total liabilities 1,576,098,000 1,736,946,000
Shareholders’ equity    
Common stock $0.01 par value; 28,522,500 shares authorized; 28,522,500 shares issued and outstanding 285,000 10,000
Additional paid-in capital 281,786,000 822,000
Retained earnings $ 189,081,000 205,799,000
Shares in ESOP 2,281,800  
Unallocated common shares held by ESOP (2,281,800 shares) $ (22,405,000) 0
Accumulated other comprehensive (loss) income (512,000) (1,031,000)
Total shareholders’ equity 448,235,000 205,600,000
Total liabilities and shareholders’ equity $ 2,024,333,000 $ 1,942,546,000