v3.26.1
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 3,222 $ 3,876
Federal funds sold 3,232 2,574
Cash and cash equivalents 6,454 6,450
Interest bearing deposits in banks 10,083 5,509
Securities available for sale 60,070 59,893
Securities held to maturity, net of allowance for credit losses of $0 (fair values of $15,859 at March 31, 2026 and $16,744 at December 31, 2025) 17,521 18,283
Loans receivable, net of allowance for credit losses of $3,437 at March 31, 2026 and $3,440 at December 31, 2025 297,463 301,986
Net investment in direct financing leases 1,038 1,219
Accrued interest receivable 1,683 1,888
Premises and equipment, net 13,121 11,459
Bank-owned life insurance 6,587 6,544
Other real estate owned 9,104 9,271
Restricted investments carried at cost 2,805 2,773
Deferred income taxes 1,772 1,814
Other assets 2,745 2,753
Total assets 430,446 429,842
Liabilities    
Noninterest bearing 48,658 45,871
Interest bearing 283,299 282,033
Total deposits 331,957 327,904
Advances from Federal Home Loan Bank (FHLB) 41,567 45,669
Accrued expenses and other liabilities 2,688 2,512
Total liabilities 376,212 376,085
Shareholders' Equity    
Preferred stock, $0.01 par value, 1,000,000 shares authorized, none issued and outstanding
Common stock, $0.01 par value, 19,000,000 shares authorized, 3,364,633 issued and 2,885,392 outstanding at March 31, 2026 and 3,366,516 issued and 2,887,275 outstanding at December 31, 2025 34 34
Additional paid in capital 33,257 33,198
Retained earnings 33,105 32,412
Accumulated other comprehensive loss (3,372) (3,063)
Unearned Employee Stock Ownership Program (ESOP) shares, at cost (1,850) (1,884)
Treasury stock, at cost (479,241 shares at March 31, 2026 and December 31, 2025) (6,940) (6,940)
Total shareholders' equity 54,234 53,757
Total liabilities and shareholders' equity $ 430,446 $ 429,842