v3.25.2
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest and Dividend Income        
Loans, including fees $ 1,417 $ 1,132 $ 2,733 $ 2,205
Taxable 449 397 864 747
Tax-exempt 134 138 269 277
Dividends 4 5 11 12
Other 254 324 502 638
Total interest and dividend income 2,258 1,996 4,379 3,879
Interest Expense        
Deposits 813 748 1,626 1,397
Net Interest Income 1,445 1,248 2,753 2,482
Provision for Credit Losses 57 7 113 33
Net Interest Income After Provision for Credit Losses 1,388 1,241 2,640 2,449
Noninterest Income        
Loan servicing fees 15 16 30 33
Other 59 54 90 102
Total noninterest income 199 182 350 368
Noninterest Expense        
Salaries and employee benefits 562 528 1,118 1,117
Occupancy 73 60 162 140
Depreciation 33 41 67 81
Data processing 106 179 252 318
Professional fees 111 116 198 206
Marketing 47 47 83 83
Printing and office supplies 29 17 41 31
Deposit insurance premiums 40 38 80 75
Other 34 37 69 72
Total noninterest expense 1,035 1,063 2,070 2,123
Income Before Income Taxes 552 360 920 694
Provision for Income Taxes 114 86 197 144
Net Income $ 438 $ 274 $ 723 $ 550
Earning per share (basic) (in dollar per share) $ 0.28 $ 0.17 $ 0.46 $ 0.35
Earning per share (diluted) (in dollar per share) $ 0.28 $ 0.17 $ 0.46 $ 0.35
Weighted-average shares outstanding (basic) (in shares) 1,553,758 1,594,592 1,566,621 1,593,904
Weighted-average shares outstanding (diluted) (in shares) 1,553,758 1,594,592 1,566,621 1,593,904
Commission income        
Noninterest Income        
Revenue $ 7 $ 3 $ 10 $ 15
Customer service fees        
Noninterest Income        
Revenue 116 107 217 214
Net realized gain (loss) on loan sales        
Noninterest Income        
Revenue $ 2 $ 2 $ 3 $ 4