v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest Income    
Loans, including fees $ 11,143 $ 10,741
Investment securities available for sale 289 350
Investment securities held to maturity 45 47
Other interest income 605 743
Total interest income 12,082 11,881
Interest Expense    
Interest on deposits 2,652 2,601
Interest on FHLB borrowings 319 171
Interest on subordinated debentures 0 466
Total interest expense 2,971 3,238
Net interest income 9,111 8,643
(Recovery of) provision for credit losses (11) 297
Net interest income after provision for credit losses 9,122 8,346
Noninterest Income    
Income from investment in life insurance 86 87
Other income 169 176
Total noninterest income 528 530
Noninterest Expense    
Compensation and related benefits 5,780 4,524
Occupancy 456 444
Data processing 399 397
Advertising 15 6
Professional fees 237 231
Equipment 89 91
Foreclosed real estate and holding costs (5) 3
Amortization of intangible assets 45 45
FDIC insurance premiums 85 81
Other 497 356
Total noninterest expense 7,598 6,178
Net income before tax 2,052 2,698
Income tax expense 961 599
Net income $ 1,091 $ 2,099
Basic earnings per share $ 0.13 $ 0.21
Diluted earnings per share $ 0.13 $ 0.21
Deposits    
Noninterest Income    
Revenue $ 109 $ 103
Debit Cards    
Noninterest Income    
Revenue $ 164 $ 164