v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
The estimated useful lives of the assets are as follows:

The estimated useful lives of the assets are as follows:

  Years
   
Buildings 39
Leasehold Improvements 5-20
Furniture and Equipment 3-7
Earnings per common share for the years ended December 31, 2025, 2024 and 2023 have been computed based on the following

Earnings per common share for the years ended December 31, 2025, 2024 and 2023 have been computed based on the following:

 

                        
   Years Ended December 31, 
   2025   2024   2023 
   (Dollars and shares in thousands) 
     
Net income applicable to common stock  $15,269   $11,666   $15,068 
                
Average number of common shares issued   20,583    21,345    22,037 
Less: Average unallocated ESOP shares   (194)   (264)   (338)
Less: Average unvested performance-based equity incentive plan shares   (194)   (181)   (163)
                
Average number of common shares outstanding used to calculate basic earnings per common share   20,195    20,900    21,536 
Effect of dilutive performance-based equity incentive plan shares   127    116    74 
Average number of common shares outstanding used to calculate diluted earnings per common share   20,322    21,016    21,610 
                
Net income per share:               
Basic earnings per share  $0.76   $0.56   $0.70 
Diluted earnings per share  $0.75   $0.56   $0.70 
The components of accumulated other comprehensive loss, included in shareholders’ equity, are as follows

The components of accumulated other comprehensive loss, included in shareholders’ equity, are as follows:

 

   December 31, 2025   December 31, 2024 
   (Dollars in thousands) 
     
Net unrealized losses on securities available-for-sale  $(22,394)  $(31,236)
Tax effect   5,677    7,962 
Net-of-tax amount   (16,717)   (23,274)
           
Accumulated other comprehensive loss, net of tax  $(16,717)  $(23,274)