| Condensed Financial Information (Parent Company Only) |
Condensed Financial Information (Parent Company Only) Presented below is condensed financial information as to financial position, results of operations and cash flows of the Company: | | | | | | | | | | | | | Condensed Balance Sheets | | | 2025 | | 2024 | | Assets | | | | | Cash and cash equivalents | $ | 2,963 | | | $ | 5,545 | | | Investment in subsidiaries | 139,056 | | | 122,733 | | | Other assets | 6,399 | | | 6,987 | | | Total assets | $ | 148,418 | | | $ | 135,265 | | | Other Liabilities | $ | 2,637 | | | $ | 2,393 | | | Stockholders' Equity | 145,781 | | | 132,872 | | | Total liabilities and stockholders' equity | $ | 148,418 | | | $ | 135,265 | |
| | | | | | | | | | | | | Condensed Statements of Income and Comprehensive Income | | | 2025 | | 2024 | | Income: | | | | | Dividends from bank subsidiary | $ | 8,000 | | | $ | 4,750 | | | Dividends from captive subsidiary | 890 | | | — | | | Other income | 509 | | | 587 | | | Total income | 9,399 | | | 5,337 | | | Other expenses | 2,976 | | | 2,875 | | | Income before income tax benefit and undistributed subsidiary income | 6,423 | | | 2,462 | | | Income tax benefit | (561) | | | (301) | | | Equity in undistributed income of subsidiaries (dividends in excess of net income): | | | | | Bank subsidiary | 4,572 | | | 5,629 | | | Captive subsidiary | 21 | | | 985 | | | Net income | $ | 11,577 | | | $ | 9,377 | | | Comprehensive income | $ | 22,824 | | | $ | 6,616 | |
| | | | | | | | | | | | | Condensed Statements of Cash Flows | | | 2025 | | 2024 | | Operating Activities | | | | | Net income | $ | 11,577 | | | $ | 9,377 | | | Adjustments to reconcile net income to net cash from operating activities: | | | | | Equity in undistributed net income of subsidiaries | (4,593) | | | (6,614) | | | ESOP expense | 738 | | | 661 | | | Stock based compensation | 816 | | | 1,474 | | | Changes in other assets and other liabilities | 349 | | | (1,839) | | | Net cash provided by operating activities | 8,887 | | | 3,059 | | | Investing Activities | | | | | | | | | Net cash used in investing activities | — | | | — | | | Financing Activities | | | | | Dividends paid | (5,835) | | | (5,697) | | | Repurchase of common stock | (5,634) | | | (5,042) | | | | | | | Net cash used in financing activities | (11,469) | | | (10,739) | | | Net Change in Cash and Cash Equivalents | (2,582) | | | (7,680) | | | Cash and Cash Equivalents, Beginning of Period | 5,545 | | | 13,225 | | | Cash and Cash Equivalents, End of Period | $ | 2,963 | | | $ | 5,545 | |
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