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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Dec. 31, 2022
ASSETS      
Cash and due from banks $ 25,374 $ 6,069  
Securities available-for-sale, at fair value 125,943 121,854  
Federal Home Loan Bank stock 2,498 2,986  
Total loans 435,561 430,031  
Allowance for credit losses on loans (3,451) (3,390) $ (3,581)
Net loans 432,110 426,641  
Land, building and equipment, net 716 4,072  
Bank-owned life insurance 4,704 4,663  
Accrued interest receivable 2,503 2,294  
Other assets 7,889 2,456  
Total assets 601,737 571,035  
Deposits:      
Non-interest bearing deposits 72,453 65,845  
Interest bearing deposits 379,240 338,953  
Total deposits 451,693 404,798  
Advances from Federal Home Loan Bank 52,268 73,007  
Advances from Federal Reserve Bank 20,000 20,000  
Mortgagors’ tax escrow 654 640  
Deferred compensation liability 2,273 2,071  
Lease liabilities 7,325 587  
Other liabilities 3,024 3,314  
Total liabilities 537,237 504,417  
Stockholders' Equity:      
Preferred Stock, $.01 par value, 10,000,000 shares authorized, none issued  
Common Stock, $.01 par value, 90,000,000 shares authorized; 5,192,612 issued and 4,841,445 outstanding at June 30, 2024; and 5,192,612 issued and 5,077,164 outstanding at December 31, 2023 52 52  
Additional paid-in capital 52,757 52,642  
Retained earnings 26,448 25,597  
Accumulated other comprehensive loss (7,153) (5,944) (9,727)
Treasury stock, at cost: 351,167 shares outstanding as of June 30, 2024 and 115,448 shares outstanding as of December 31, 2023 (3,537) (1,381)  
Unearned stock compensation (4,067) (4,348)  
Total stockholders' equity 64,500 66,618 $ 49,337 [1]
Total liabilities and stockholders' equity $ 601,737 $ 571,035  
[1] Adjusted for conversion of First Seacoast Bancorp, Inc.