v3.26.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash and due from banks $ 3,043 $ 4,121
Short-term investments 108,248 82,801
Total cash and cash equivalents 111,291 86,922
Interest-bearing time deposits 11,497 7,998
Investments in available-for-sale securities, at fair value 37,066 34,317
Investments in held-to-maturity securities, at cost (fair values of $48,044 as of March 31, 2026, and $52,326 at December 31, 2025) 51,624 55,764
Loans held-for-sale 0 357
Loans, net of allowance for credit losses of $10,412 at March 31, 2026, and $10,255 at December 31, 2025. 1,391,489 1,371,819
Federal Home Loan Bank stock, at cost 11,142 11,852
Premises and equipment, net 3,358 3,429
Accrued interest receivable 5,329 5,214
Deferred tax asset, net 5,048 5,667
Bank-owned life insurance 15,537 15,420
Other assets 6,914 6,894
Total assets 1,650,295 1,605,653
LIABILITIES AND SHAREHOLDERS' EQUITY    
Noninterest-bearing 80,233 81,497
Interest-bearing 1,119,162 1,050,847
Total deposits 1,199,395 1,132,344
Federal Home Loan Bank advances 260,815 284,815
Other liabilities 14,158 16,560
Total liabilities 1,474,368 1,433,719
Commitments and contingencies (see Note 7)
Shareholders' Equity:    
Preferred Stock, par value $0.01; Authorized: 1,000,000 shares; No shares issued 0 0
Common Stock, par value $0.01; Authorized: 30,000,000 shares; Issued and outstanding: 8,773,025 shares and 8,792,719 shares at March 31, 2026 and December 31, 2025, respectively 88 88
Additional paid-in capital 83,026 82,997
Retained earnings 98,739 95,617
Accumulated other comprehensive loss (144) (896)
Unallocated common shares held by the Employee Stock Ownership Plan (5,782) (5,872)
Total shareholders' equity 175,927 171,934
Total liabilities and shareholders' equity $ 1,650,295 $ 1,605,653