v3.26.1
CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest and dividend income:        
Interest and fees on loans $ 4,908 $ 5,154 $ 9,752 $ 10,162
Interest on debt securities:        
Taxable 1,275 1,321 2,657 2,497
Non-taxable 200 199 400 397
Total interest on debt securities 1,475 1,520 3,057 2,894
Dividends 36 49 77 99
Total interest and dividend income 6,419 6,723 12,886 13,155
Interest expense:        
Interest on deposits 2,217 2,598 4,561 5,197
Interest on borrowings 518 697 1,127 1,351
Total interest expense 2,735 3,295 5,688 6,548
Net interest and dividend income 3,684 3,428 7,198 6,607
(Release) provision for credit losses (6) 47 (14) 47
Net interest and dividend income after (release) provision for credit losses 3,690 3,381 7,212 6,560
Non-interest income:        
Customer service fees 276 295 525 482
Gain on sale of loans   5   9
Income from bank-owned life insurance 23 22 43 43
Loan servicing income 24 8 36 14
Investment services fees 122 103 241 225
Other income 10 18 22 29
Total non-interest income 455 451 867 802
Non-interest expense:        
Salaries and employee benefits 2,309 2,252 4,582 4,452
Equity compensation 189 237 426 469
Director compensation 171 136 231 215
Occupancy expense 390 408 759 720
Equipment expense 75 72 151 144
Marketing 55 85 127 171
Data processing 355 438 747 826
Deposit insurance fees 77 98 178 202
Professional fees and assessments 172 269 454 606
Debit card fees 45 46 77 88
Employee travel and education expenses 31 50 58 105
Other expense 254 274 502 529
Total non-interest expense 4,123 4,365 8,292 8,527
Income (loss) before income tax (benefit) expense 22 (533) (213) (1,165)
Income tax (benefit) expense (227) 12 46 (17)
Net income (loss) $ 249 $ (545) $ (259) $ (1,148)
Income (loss) per share:        
Basic $ 0.06 $ (0.13) $ (0.06) $ (0.27)
Diluted $ 0.05 $ (0.13) $ (0.06) $ (0.27)
Weighted Average Shares:        
Basic 4,287,798 4,259,134 4,286,606 4,275,985
Diluted [1] 4,625,177 4,259,134 4,286,606 4,275,985
[1] Not adjusted for potentially dilutive shares for periods where a net loss was recognized. The six months ended June 30, 2026 excludes 359,894 of stock-based awards that could potentially dilute basic earnings per share in the future that were not included in the computation of diluted earnings per share because to do so would have been antidilutive for the periods presented. The three and six months ended June 30, 2025 excludes 447,006 and 451,344, respectively, of stock-based awards that could potentially dilute basic earnings per share in the future that were not included in the computation of diluted earnings per share because to do so would have been antidilutive for the periods presented.