v3.26.1
Consolidated Statements Of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Interest Income    
Loans $ 37,254 $ 34,505
Securities    
US Government and agency obligations 2,121 1,471
Mortgage backed securities 1,545 2,315
Municipals - taxable 1,393 1,237
Municipals - tax exempt 135 73
Dividends 98 95
Corporates 530 543
Interest bearing deposits 559 775
Federal Funds sold 3,020 3,629
Total interest income 46,655 44,643
Deposits    
NOW, money market and savings 4,949 5,455
Time deposits 8,282 9,173
Finance leases 65 76
Other borrowings 389 376
Capital notes 163 327
Total interest expense 13,848 15,407
Net interest income 32,807 29,236
Recovery of credit losses (35) (655)
Net interest income after recovery of credit losses 32,842 29,891
Noninterest income    
Gains on sales of loans held for sale 4,853 4,494
Service charges, fees and commissions 4,273 4,003
Wealth management fees 5,347 4,843
Life insurance income 769 721
Income from SBIC fund 506 934
Other 77 80
Gain on sales of securities, net 27 62
Total noninterest income 15,852 15,137
Noninterest expenses    
Salaries and employee benefits 20,960 19,294
Occupancy 2,136 1,964
Equipment 2,765 2,499
Supplies 631 542
Professional and other outside expense 3,967 3,471
Data processing 2,487 3,057
Marketing 867 768
Credit expense 904 816
FDIC insurance expense 518 441
Amortization of intangibles 561 560
Other 1,753 1,693
Total noninterest expenses 37,549 35,105
Income before income taxes 11,145 9,923
Income tax expense 2,123 1,979
Net Income $ 9,022 $ 7,944
Weighted average shares outstanding - basic 4,543,338 4,543,338
Weighted average shares outstanding - diluted 4,543,338 4,543,338
Earnings per common share – basic $ 1.99 $ 1.75
Earnings per common share - diluted $ 1.99 $ 1.75