v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets:    
Cash and due from banks $ 15,074 $ 9,349
Interest-bearing deposits with banks 124,942 105,210
Total cash and cash equivalents 140,016 114,559
Debt securities available for sale 27,044 25,184
Debt securities held-to-maturity (fair value of $188 and $190) 212 214
Loans, net of allowance for credit losses of $11,061 and $10,273 1,078,533 947,294
Federal Home Loan Bank stock 2,678 3,028
Premises and equipment, net 2,797 2,490
Other real estate owned 551
Right-of-use lease assets 2,511 2,617
Accrued interest receivable 3,994 3,621
Deferred tax asset 3,116 3,108
Other assets 7,834 9,012
Total assets 1,268,735 1,111,678
Liabilities:    
Noninterest-bearing demand deposits 304,887 266,520
Savings, NOW and money-market deposits 345,494 306,921
Time deposits 442,502 358,309
Total deposits 1,092,883 931,750
Federal Home Loan Bank advances 40,000 50,000
Operating lease liabilities 2,647 2,745
Other liabilities 6,357 5,286
Total liabilities 1,141,887 989,781
Stockholders’ equity:    
Preferred Stock, value
Common stock, $.01 par value; 30,000,000 shares authorized, 12,166,858 and 11,533,943 shares issued and outstanding 122 115
Additional paid-in capital 112,993 112,578
Retained earnings 18,464 13,801
Accumulated other comprehensive loss (4,731) (4,597)
Total stockholders’ equity 126,848 121,897
Total liabilities and stockholders’ equity 1,268,735 1,111,678
Series B Preferred Stock [Member]    
Stockholders’ equity:    
Preferred Stock, value
Series C Preferred Stock [Member]    
Stockholders’ equity:    
Preferred Stock, value