v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest and dividend income:    
Interest and fees on loans $ 19,577 $ 15,142
Interest and dividends on securities 1,130 853
Interest on short-term investments 814 1,625
Interest on interest-bearing time deposits 93 1
Total interest and dividend income 21,614 17,621
Interest expense:    
Interest on deposits 9,198 8,859
Interest on Federal Home Loan Bank advances 2,582 2,114
Total interest expense 11,780 10,973
Net interest and dividend income 9,834 6,648
Provision (benefit) for credit losses 153 (10)
Net interest and dividend income after provision (benefit) for credit losses 9,681 6,658
Noninterest income:    
Customer service fees 155 140
Income from bank-owned life insurance 117 116
Net gain on sales of loans 36 0
Other income 19 15
Total noninterest income 327 271
Noninterest expense:    
Salaries and employee benefits 3,460 3,260
Director compensation 199 216
Occupancy and equipment 314 281
Data processing 335 311
Computer software and licensing 121 109
Advertising and promotions 198 132
Professional fees 447 310
Federal Deposit Insurance Corporation deposit insurance 251 185
Other expense 420 404
Total noninterest expense 5,745 5,208
Income before income tax expense 4,263 1,721
Income tax expense 1,141 424
Net income $ 3,122 $ 1,297
Share data:    
Weighted average shares outstanding, basic (in shares) 8,026,026 8,210,782
Weighted average shares outstanding, diluted (in shares) 8,299,710 8,343,771
Earnings per share, basic (in dollars per share) $ 0.39 $ 0.16
Earnings per share, diluted (in dollars per share) $ 0.38 $ 0.16