v3.25.2
Interim Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income:        
Interest and fees on loans $ 12,989 $ 12,930 $ 25,230 $ 25,783
Interest on investment securities 1,335 1,108 2,747 1,973
Interest on deposits in banks 451 423 739 875
Other 79 85 156 192
Total interest income 14,854 14,546 28,872 28,823
Interest expense:        
Interest on deposits 5,125 5,210 9,994 10,309
Interest on borrowings 253 160 505 298
Total interest expense 5,378 5,370 10,499 10,607
Net interest income 9,476 9,176 18,373 18,216
Provision for credit losses 2,717 0 3,245 0
Net interest income after provision for credit losses 6,759 9,176 15,128 18,216
Non-interest income:        
Revenue from Contract with Customer, Including Assessed Tax $ 278 $ 298 $ 566 $ 597
Revenue, Product and Service [Extensible Enumeration] us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember
Lease income $ 269 $ 253 $ 553 $ 510
Other income, net 302 284 605 593
Total non-interest income 849 835 1,724 1,700
Non-interest expense:        
Salaries and employee benefits 3,945 3,890 7,681 7,978
Net occupancy and equipment 937 954 1,812 1,848
Computer services 421 444 833 887
Insurance expense and assessments 366 414 750 805
Fees for professional services 470 364 685 705
Other expense 1,305 1,206 2,601 2,196
Total non-interest expense 7,444 7,272 14,362 14,419
Income before income taxes 164 2,739 2,490 5,497
Provision for income taxes 9 612 563 1,263
Net income $ 155 $ 2,127 $ 1,927 $ 4,234
Basic net income per share $ 0.03 $ 0.36 $ 0.33 $ 0.72
Diluted net income per share 0.03 0.34 0.32 0.68
Dividends per share $ 0.07 $ 0.05 $ 0.14 $ 0.1