v3.25.2
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 $ 334 $ 338 $ 665 $ 673
Other 62 29 141 52
Total interest income 396 367 806 725
Interest Expense        
Deposits 62 89 143 165
Advances 0 7 0 19
Total interest expense 62 96 143 184
Net interest income 334 271 663 541
Provision for credit losses 0 0 0 0
Net interest income after provision for credit losses 334 271 663 541
Noninterest Income        
Service charges on deposit accounts 2 2 4 3
Other income 6 6 13 13
Total noninterest income 8 8 17 16
Noninterest Expense        
Salaries and employee benefits 187 179 375 372
Occupancy and equipment 33 34 64 69
Data processing 29 26 57 51
Audit and regulatory examination fees 67 14 126 29
General insurance 23 13 44 27
Legal fees 11 0 33 0
Advertising 17 0 18 1
Automobile depreciation and expense 6 7 13 12
Correspondent charges 4 5 9 10
Other expenses 9 9 23 17
Total noninterest expense 386 287 762 588
Loss before income taxes (44) (8) (82) (31)
Income tax benefit (8) (2) (16) (7)
Net Loss $ (36) $ (6) $ (66) $ (24)
Earnings (loss) per share - basic and diluted (in dollars per share) $ (5) $ 0 $ (9) $ 0
Weighted average shares (in shares) 767,884 0 767,606 0