v3.26.1
Interim Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income:        
Interest and fees on loans $ 12,554 $ 12,989 $ 25,045 $ 25,230
Interest on investment securities 1,719 1,335 3,406 2,747
Interest on deposits in banks 300 451 898 739
Other 84 79 248 156
Total interest income 14,657 14,854 29,597 28,872
Interest expense:        
Interest on deposits 4,916 5,125 10,526 9,994
Interest on borrowings 241 253 356 505
Total interest expense 5,157 5,378 10,882 10,499
Net interest income 9,500 9,476 18,715 18,373
Provision for credit losses 939 2,717 1,193 3,245
Net interest income after provision for credit losses 8,561 6,759 17,522 15,128
Non-interest income:        
Net gain on sales and prepayments of investment securities 455 0 458 2
Revenue from Contract with Customer, Including Assessed Tax $ 277 $ 278 $ 560 $ 566
Revenue, Product and Service [Extensible Enumeration] us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember
Lease income $ 272 $ 269 $ 541 $ 553
Other income, net 314 302 599 603
Total non-interest income 1,318 849 2,158 1,724
Non-interest expense:        
Salaries and employee benefits 3,898 3,945 7,712 7,681
Net occupancy and equipment 1,016 937 1,987 1,812
Computer services 457 421 794 833
Insurance expense and assessments 408 366 823 750
Fees for professional services 310 470 638 685
Other expense 1,554 1,305 3,030 2,601
Total non-interest expense 7,643 7,444 14,984 14,362
Income before income taxes 2,236 164 4,696 2,490
Provision for income taxes 483 9 998 563
Net income $ 1,753 $ 155 $ 3,698 $ 1,927
Basic net income per share $ 0.31 $ 0.03 $ 0.65 $ 0.33
Diluted net income per share 0.31 0.03 0.64 0.32
Dividends per share $ 0.07 $ 0.07 $ 0.14 $ 0.14