v3.26.1
Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash and due from financial institutions $ 10,569 $ 7,942
Due from Federal Reserve Bank and interest-bearing deposits in other financial institutions 138,473 146,627
Total cash and cash equivalents 149,042 154,569
Debt securities available-for-sale, at fair value (amortized cost $212,366 and $218,488, net of allowance for credit losses of $0 and $0) 210,583 218,160
Loans, net of allowance for credit losses on loans of $20,938 and $22,261 2,151,908 2,126,178
Federal Home Loan Bank stock, at cost 8,409 8,409
Premises and equipment, net 1,340 1,526
Cash surrender value of bank-owned life insurance policies 13,151 13,045
Accrued interest receivable and other assets 45,121 47,756
Total assets 2,579,554 2,569,643
LIABILITIES AND SHAREHOLDERS' EQUITY    
Non-interest-bearing deposits 577,101 556,972
Interest-bearing 1,622,218 1,629,101
Total deposits 2,199,319 2,186,073
Short-term borrowings 55,000 60,000
Subordinated debentures, net 22,000 22,000
Accrued interest payable and other liabilities 14,797 20,591
Total liabilities 2,291,116 2,288,664
Preferred stock - no par value; 5,000,000 shares authorized; no shares issued and outstanding at March 31, 2026 and December 31, 2025 0 0
Common stock - no par value; 25,000,000 shares authorized; 10,955,167 and 10,947,967 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 169,474 169,990
Retained earnings 120,171 111,150
Accumulated other comprehensive loss, net of taxes (1,207) (161)
Total shareholders' equity 288,438 280,979
Total liabilities and shareholders' equity $ 2,579,554 $ 2,569,643