v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets:    
Cash and due from banks $ 14,637 $ 9,349
Interest-bearing deposits with banks 131,601 105,210
Total cash and cash equivalents 146,238 114,559
Debt securities available for sale 26,646 25,184
Debt securities held-to-maturity (fair value of $183 and $190) 208 214
Loans, net of allowance for credit losses of $11,020 and $10,273 1,204,381 947,294
Federal Home Loan Bank stock 1,966 3,028
Premises and equipment, net 3,132 2,490
Other real estate owned 551
Right-of-use lease assets 2,405 2,617
Accrued interest receivable 4,862 3,621
Deferred tax asset 3,143 3,108
Other assets 7,956 9,012
Total assets 1,400,937 1,111,678
Liabilities:    
Noninterest-bearing demand deposits 319,375 266,520
Savings, NOW and money-market deposits 383,297 306,921
Time deposits 511,373 358,309
Total deposits 1,214,045 931,750
Federal Home Loan Bank advances 25,000 50,000
Operating lease liabilities 2,547 2,745
Other Borrowings 14,000
Other liabilities 10,965 5,286
Total liabilities 1,266,557 989,781
Commitments and contingencies (Notes 9 and 13)  
Stockholders’ equity:    
Preferred stock, value
Common stock, $.01 par value; 30,000,000 shares authorized, 12,340,785 and 11,533,943 shares issued and outstanding 124 115
Additional paid-in capital 113,832 112,578
Retained earnings 25,119 13,801
Accumulated other comprehensive loss (4,810) (4,597)
Total stockholders’ equity 134,380 121,897
Total liabilities and stockholders’ equity 1,400,937 1,111,678
Series B Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value
Series C Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value
Nonvoting Common Stock [Member]    
Stockholders’ equity:    
Nonvoting Common stock, $.01 par value; 30,000,000 and 0 shares authorized, 11,458,351 and 0 shares issued and outstanding $ 115