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Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 57,621,000 $ 41,182,000
Securities available-for-sale, at fair value 309,083,000 314,248,000
Total held-to-maturity 33,472,000 33,705,000
Other investments 21,070,000 16,069,000
Loans held for sale 2,552,000 0
Loans receivable, net of allowance for credit losses of $14,153 at March 31, 2023 and $13,400 at December 31, 2022 1,571,907,000 1,531,727,000
Interest and dividends receivable 7,375,000 6,893,000
Premises and equipment, net 30,839,000 29,825,000
Right-of-use assets 26,320,000 25,906,000
Bank owned life insurance 21,688,000 21,576,000
Other assets 19,128,000 22,207,000
Total assets 2,101,055,000 2,043,338,000
Liabilities [Abstract]    
Deposits 1,244,581,000 1,288,862,000
Advances from the Federal Home Loan Bank 422,500,000 310,500,000
Advances by borrowers for taxes and insurance 9,695,000 9,302,000
Lease liabilities 27,799,000 27,324,000
Other liabilities 10,787,000 13,632,000
Total liabilities 1,715,362,000 1,649,620,000
Shareholders’ equity    
Preferred stock, $0.01 par value, 10,000,000 authorized: none issued 0 0
Common stock $0.01 par value; 70,000,000 shares authorized; 28,522,500 shares issued at March 31, 2023 and December 31, 2022; 27,385,482 and 27,523,219 shares outstanding at March 31, 2023 and December 31, 2022, respectively. 285,000 285,000
Additional paid-in capital 271,507,000 279,454,000
Retained earnings 170,528,000 171,763,000
Treasury stock, at cost: 1,137,018 and 999,281 shares at March 31, 2023 and December 31, 2022, respectively. (12,737,000) (12,072,000)
Unallocated common shares held by Employee Stock Ownership Plan (20,764,000) (20,993,000)
Accumulated other comprehensive loss (23,126,000) (24,719,000)
Total shareholders’ equity 385,693,000 393,718,000
Total liabilities and shareholders’ equity $ 2,101,055,000 $ 2,043,338,000