| Summary of Information Related To The Company's Bank Operating Segment |
The table below provides information related to the Company's Bank operating segment for the years ended December 31, 2025 and 2024:
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Bank Segment |
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Year Ended December 31, |
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2025 |
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2024 |
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(Dollars in Thousands) |
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Income: |
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Interest income |
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$ |
59,415 |
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$ |
58,260 |
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Non-interest income |
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3,579 |
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3,583 |
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Total income |
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62,994 |
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61,843 |
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Less: |
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Interest expense |
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21,957 |
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22,111 |
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Provision for credit losses |
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4,031 |
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622 |
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Salaries and employee benefits |
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15,273 |
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15,460 |
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Net occupancy and equipment |
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3,796 |
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3,761 |
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Computer services |
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1,707 |
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1,687 |
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Insurance expense and assessments |
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1,409 |
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1,510 |
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Fees for professional services |
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1,349 |
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1,184 |
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Postage, stationery and supplies |
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581 |
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|
560 |
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Telephone/data communication |
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795 |
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|
779 |
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Collection and recoveries |
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293 |
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|
169 |
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Directors fees |
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|
404 |
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380 |
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Software amortization |
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454 |
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356 |
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Other real estate/foreclosure expense, net |
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269 |
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|
230 |
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Outside services |
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|
405 |
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|
299 |
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Other segment items (1) |
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2,335 |
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|
|
1,981 |
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Provision for income taxes |
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1,944 |
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2,584 |
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Consolidated net income |
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$ |
5,992 |
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$ |
8,170 |
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(1) Other segment items includes expenses for advertising, travel and business development, and life insurance.
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