v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Assets    
Due from banks, non-interest-bearing $ 1,978,000 $ 345,000
Due from banks, interest-bearing 51,569,000 62,644,000
Cash and cash equivalents 53,547,000 62,989,000
Investment in interest-earning time deposits 912,000 912,000
Investment securities available for sale 882,000 1,666,000
Loans held for sale 60,956,000 64,281,000
Loans receivable, net of allowance for credit losses (2025 $6,166; 2024 $6,476) 540,698,000 534,693,000
Accrued interest receivable 3,789,000 3,961,000
Investment in Federal Home Loan Bank stock, at cost 291,000 2,214,000
Bank-owned life insurance 4,575,000 4,447,000
Premises and equipment, net 1,540,000 1,626,000
Goodwill 515,000 515,000
Other intangible, net of accumulated amortization 28,000 77,000
Other real estate owned, net 360,000 0
Prepaid expenses and other assets 7,760,000 7,787,000
Total Assets 675,853,000 685,168,000
Liabilities    
Non-interest bearing 65,665,000 59,783,000
Interest-bearing 531,613,000 493,469,000
Total deposits 597,278,000 553,252,000
Federal Home Loan Bank borrowings 0 47,855,000
Senior debt, net of amortized costs 9,619,000 0
Subordinated debt 8,000,000 22,000,000
Accrued interest payable 1,086,000 937,000
Advances from borrowers for taxes and insurance 2,643,000 3,122,000
Accrued expenses and other liabilities 4,898,000 5,385,000
Total Liabilities 623,524,000 632,551,000
Stockholders’ Equity    
Preferred stock – $0.01 par value, 1,000,000 shares authorized; none issued or outstanding 0 0
Common stock – $0.01 par value; 9,000,000 shares authorized; 3,108,993 issued as of both December 31, 2025 and 2024; 2,637,978 and 2,626,535 outstanding at December 31, 2025 and 2024, respectively 31,000 31,000
Additional paid-in capital 23,199,000 22,976,000
Treasury stock, at cost: 471,015 and 482,458 shares at and December 31, 2025 and 2024, respectively (3,530,000) (3,588,000)
Accumulated other comprehensive income 3,000 0
Retained earnings 32,626,000 33,198,000
Total Stockholders’ Equity 52,329,000 52,617,000
Total Liabilities and Stockholders’ Equity $ 675,853,000 $ 685,168,000