v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
INTEREST AND DIVIDEND INCOME    
Loans receivable, including fees $ 28,066 $ 29,624
Securities available-for-sale:    
Taxable 1,519 2,616
Tax-exempt 274 284
Securities held-to-maturity 2 2
Other interest and dividend income 1,210 769
TOTAL INTEREST AND DIVIDEND INCOME 31,071 33,295
INTEREST EXPENSE    
Deposits 12,213 14,538
TOTAL INTEREST EXPENSE 12,213 14,538
NET INTEREST INCOME 18,858 18,757
Provision for (reversal of) credit losses (156) 268
NET INTEREST INCOME AFTER PROVISION FOR (REVERSAL OF) CREDIT LOSSES 19,014 18,489
NON-INTEREST INCOME    
Income from bank-owned life insurance 507 471
Fees and service charges 580 511
Loan fees, including prepayment penalties 528 675
Other 836 533
TOTAL NON-INTEREST INCOME 2,451 2,190
NON-INTEREST EXPENSE    
Salaries and employee benefits 7,025 7,172
Occupancy and equipment 2,392 2,285
Professional fees 760 761
Data processing and communications 1,627 1,626
Federal deposit insurance 300 533
Advertising and promotion 175 171
Office 131 110
Other real estate owned 0 27
Core deposit intangible amortization 196 228
Other 809 879
TOTAL NON-INTEREST EXPENSE 13,415 13,792
INCOME BEFORE INCOME TAX EXPENSE 8,050 6,887
INCOME TAX EXPENSE 1,821 1,509
NET INCOME $ 6,229 $ 5,378
Earnings per common share-basic $ 0.92 $ 0.78
Earnings per common share-diluted $ 0.91 $ 0.77