v3.26.1
Consolidated Statements of Income - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Interest and Dividend Income    
Interest on loans, including fees $ 39,039,000 $ 40,058,000
Interest and dividends on investment securities, interest-bearing deposits with others, and Federal Home Loan Bank stock 1,590,000 3,379,000
Total Interest and Dividend Income 40,629,000 43,437,000
Interest Expense    
Interest on deposits 18,966,000 23,141,000
Interest on Federal Home Loan Bank borrowings 1,858,000 545,000
Interest on Federal Reserve Bank borrowings 1,000 0
Interest on senior debt 947,000 0
Interest on subordinated debt 954,000 1,934,000
Total Interest Expense 22,726,000 25,620,000
Net Interest Income 17,903,000 17,817,000
Provision for Credit Losses 1,197,000 1,506,000
Provision for Off-Balance Sheet Credit Exposures 20,000 28,000
Total Provision for Credit Losses 1,217,000 1,534,000
Net Interest Income after Provision for Credit Losses 16,686,000 16,283,000
Non-Interest Income    
Insurance commissions 820,000 744,000
Income from bank-owned life insurance 128,000 118,000
Net gain on loans held for sale 3,745,000 3,699,000
Gain on the sale of SBA loans 1,431,000 453,000
Gain on sale-leaseback transaction 0 1,485,000
Total Non-Interest Income, net 7,159,000 8,156,000
Non-Interest Expense    
Salaries and employee benefits 15,158,000 14,636,000
Directors’ fees and expenses 263,000 201,000
Occupancy and equipment 1,799,000 1,418,000
Data processing 1,760,000 1,298,000
Professional fees 1,848,000 1,087,000
FDIC deposit insurance assessment 530,000 614,000
Advertising 294,000 302,000
Amortization of other intangible 48,000 49,000
Other 1,501,000 1,413,000
Total Non-Interest Expense 23,201,000 21,018,000
Income from continuing operations before income taxes 644,000 3,421,000
Income taxes from continuing operations 322,000 1,190,000
Net income from continuing operations 322,000 2,389,000
Income from discontinued operations 0 564,000
Income tax from discontinued operations 0 158,000
Net income from discontinued operations 0 406,000
Net income $ 322,000 $ 2,795,000
Earnings per share from continuing operations – basic (in dollars per share) $ 0.12 $ 0.92
Earnings per share from discontinued operations – basic (in dollars per share) 0 0.16
Basic earnings per share, net (in dollars per share) $ 0.12 $ 1.08
Average shares outstanding - basic (in shares) 2,632,661 2,578,804
Earnings per share from continuing operations - diluted (in dollars per share) $ 0.12 $ 0.92
Earnings per share from discontinued operations - diluted (in dollars per share) 0 0.16
Diluted earnings per share, net (in dollars per share) $ 0.12 $ 1.08
Average shares outstanding - diluted (in shares) 2,632,661 2,578,804
Mortgage Banking and Abstract Fees [Member]    
Non-Interest Income    
Non-interest revenue $ 947,000 $ 909,000
Real Estate Sales Commissions [Member]    
Non-Interest Income    
Non-interest revenue 0 20,000
Other Fees and Services Fees [Member]    
Non-Interest Income    
Non-interest revenue 88,000 728,000
Continuing Operations [Member]    
Non-Interest Expense    
Income taxes from continuing operations $ 322,000 $ 1,032,000