v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash $ 6,908 $ 5,616
Interest-bearing deposits in other banks 67,669 50,089
Cash and cash equivalents 74,577 55,705
Equity investment 406 404
Securities available for sale 32,890 33,226
Securities held to maturity (fair value of $5,047 and $5,102, ACL of $1 and $2) 5,691 5,736
Total loans 735,608 754,921
Allowance for credit losses (6,399) (6,437)
Net loans 729,209 748,484
Premises and equipment, net 12,307 12,493
Federal Home Loan Bank of Atlanta stock, at cost 2,324 2,324
Investment in life insurance 20,526 20,441
Accrued interest receivable 2,990 3,149
Goodwill 14,420 14,420
Intangible assets, net 606 651
Deferred tax assets, net 7,404 7,563
Other assets 7,507 7,617
Total assets 910,857 912,213
Liabilities    
Noninterest-bearing deposits 139,318 138,360
Interest-bearing deposits 534,195 537,734
Total deposits 673,513 676,094
FHLB borrowings 35,000 35,000
Other liabilities 18,707 17,315
Total liabilities 727,220 728,409
Stockholders' equity    
Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued or outstanding.
Common stock, $0.01 par value; 45,000,000 shares authorized at March 31, 2026 and December 31, 2025; 8,750,737 shares issued and outstanding as of March 31, 2026 and 8,852,813 issued and outstanding as of December 31, 2025 87 88
Paid-in capital 67,564 68,834
Retained earnings 124,081 122,990
Unearned common stock held by employee stock ownership plan (6,929) (6,978)
Accumulated other comprehensive loss (1,166) (1,130)
Total stockholders' equity 183,637 183,804
Total liabilities and stockholders' equity $ 910,857 $ 912,213