v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets [Abstract]    
Cash and due from banks $ 7,633 $ 4,580
Interest-bearing demand deposits 35,204 3,213
Federal funds sold 6,173 1,386
Total cash and cash equivalents 49,010 9,179
Interest-bearing time deposits 5,923 10,369
Debt securities available-for-sale, at fair value 220,807 116,053
Marketable equity securities, at fair value 613 268
Restricted investments in bank stock, at cost 2,717 2,300
Loans 918,171 436,339
Allowance for credit losses (9,904) (4,379)
Loans, net 908,267 431,960
Premises and equipment, net 17,928 8,251
Accrued interest receivable 4,039 1,804
Core deposit intangible, net 13,551 0
Bank owned life insurance 28,233 12,966
Net deferred tax asset 4,136 2,247
Other Assets 6,233 1,305
Total Assets 1,261,457 596,702
Liabilities [Abstract]    
Noninterest-bearing deposits 221,306 69,746
Total deposits 1,110,774 489,529
Repurchase agreements 1,589 1,143
Federal Home Loan Bank advances 5,500 43,050
Subordinated debt, net 9,892 0
Accrued interest payable 1,969 1,736
Other Liabilities 13,334 5,327
Total Liabilities 1,143,058 540,785
Commitments and Contingencies
Redeemable Common Stock Held By Employee Stock Ownership Plan 4,600 1,877
Stockholders' Equity    
Common stock, par value $1.00 per share; authorized 5,000,000 shares; issued 3,706,725 (2025) and 2,160,000 (2024) shares; outstanding 3,405,061 and 1,858,536 shares as of December 31, 2025 and December 31, 2024, respectively. 3,707 2,160
Capital surplus 40,595 1,899
Retained earnings 82,972 64,013
Accumulated other comprehensive loss (1,144) (4,424)
Treasury stock, at cost: 2025: 301,664 shares; 2024: 301,464 shares (7,731) (7,731)
Total Stockholders' Equity 118,399 55,917
Less maximum cash obligation to ESOP shares 4,600 1,877
Total Stockholders’ Equity Less Maximum Cash Obligations Related to ESOP Shares 113,799 54,040
Total Liabilities and Stockholders' Equity 1,261,457 596,702
Federal Reserve Bank Advances [Member]    
Liabilities [Abstract]    
Interest-bearing deposits $ 889,468 $ 419,783