NOTE 13 – OTHER EXPENSES The Company’s other expenses for the periods indicated consisted of the following: | | | | | | | | | | | | | | | | Three months ended | | Six months ended | | | | June 30, | | June 30, | | | | 2026 | | 2025 | | 2026 | | 2025 | | Professional fees | | $ | 713 | | $ | 512 | | $ | 1,218 | | $ | 1,048 | | Core deposit premium amortization | | | 113 | | | 242 | | | 227 | | | 506 | | Marketing and promotions | | | 354 | | | 252 | | | 498 | | | 409 | | Stationery and supplies | | | 76 | | | 78 | | | 136 | | | 144 | | Insurance (including FDIC premiums) | | | 375 | | | 357 | | | 766 | | | 730 | | Communication and postage | | | 246 | | | 247 | | | 476 | | | 505 | | Loan default related recoveries | | | (360) | | | (141) | | | (705) | | | (151) | | Director fees and expenses | | | 110 | | | 68 | | | 195 | | | 136 | | Bank service charges | | | 17 | | | 16 | | | 34 | | | 33 | | Courier expense | | | 212 | | | 166 | | | 382 | | | 338 | | Other | | | 129 | | | 133 | | | 250 | | | 297 | | Total | | $ | 1,985 | | $ | 1,930 | | $ | 3,477 | | $ | 3,995 | |
The Company recognizes marketing and promotion expenses as they are incurred. Advertising expense included in marketing and promotions totaled $30,000 and $47,000 for the three and six months ended June 30, 2026 and $9,000 and $14,000 for the three and six months ended June 30, 2025, respectively.
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