v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents - cash and due from bank $ 14,489 $ 16,256
Available-for-sale debt securities (net of credit losses of $0 at June 30, 2025 and December 31, 2024, respectively, amortized cost of $74,375 and $71,289 at June 30, 2025 and December 31, 2024, respectively) 71,123 66,658
Held-to-maturity debt securities (net of allowance for credit losses of $0 as of June 30, 2025 and December 31, 2024) 6,892 8,168
Equity securities 351 325
Loans, net of allowance for credit losses of $813 and $700 at June 30, 2025 and December 31, 2024 105,532 96,274
Premises and equipment, net of accumulated depreciation of $2,878 and $2,811 at June 30, 2025 and December 31, 2024 2,049 2,101
Federal Home Loan Bank stock 354 347
Interest receivable 778 733
Cash surrender value of bank-owned life insurance 4,031 3,979
Deferred income taxes 1,406 1,857
Mortgage servicing rights 254 254
Other 647 685
Total assets 207,906 197,637
Deposits    
Demand 12,395 17,952
Savings, NOW and money market 83,300 73,082
Time 73,042 68,553
Total deposits 168,737 159,587
Deferred compensation 646 645
Income tax payable 176 173
Interest payable and other liabilities 581 557
Total liabilities 170,140 160,962
Stockholders' Equity    
Preferred Stock, $0.01 par value, 1,000,000 shares authorized, none issued
Common Stock, $0.01 par value, 14,000,000 shares authorized, 1,725,000 issued, 1,617,032 and 1,679,307 outstanding at June 30, 2025 and December 31, 2024 17 17
Additional Paid in Capital 15,605 15,603
Unallocated common stock of ESOP (1,244) (1,270)
Treasury stock - 107,968 shares at June 30, 2025 and 45,693 shares at December 31, 2024 (1,111) (463)
Deferred compensation liability 400 400
Retained earnings 26,424 25,701
Accumulated other comprehensive (loss) (2,325) (3,313)
Total stockholders' equity 37,766 36,675
Total liabilities and stockholders' equity $ 207,906 $ 197,637