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 cash equivalents $ 101,562 $ 193,446
Securities available for sale, at fair value 375,614 324,892
Securities held to maturity (fair value of $27,993 at March 31, 2022 and $22,849 at December 31, 2021) 29,838 23,281
Restricted stock, at cost 10,182 10,182
Loans receivable, net of allowance of $13,465 at March 31, 2022 and $14,425 at December 31, 2021 1,328,021 1,273,184
Interest and dividends receivable 5,780 5,372
Premises and equipment, net 28,130 28,126
Right-of-use assets 24,811 25,457
Bank owned life insurance 21,776 21,662
Other assets 12,441 8,609
Total assets 1,938,155 1,914,211
Liabilities    
Deposits 1,283,022 1,247,040
Advances from the Federal Home Loan Bank 185,500 185,500
Advances by borrowers for taxes and insurance 9,840 9,582
Lease liabilities 26,083 26,696
Other liabilities 13,496 15,922
Total liabilities 1,517,941 1,484,740
Shareholders’ equity    
Common stock $0.01 par value; 70,000,000 shares authorized; 28,522,500 shares issued and outstanding 285 285
Additional paid-in capital 282,100 282,006
Retained earnings 170,010 169,457
Unallocated common shares held by ESOP (21,677) (21,905)
Accumulated other comprehensive loss (10,504) (372)
Total shareholders’ equity 420,214 429,471
Total liabilities and shareholders’ equity $ 1,938,155 $ 1,914,211