v3.26.1
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 3,488 $ 3,876
Federal funds sold 3,739 2,574
Cash and cash equivalents 7,227 6,450
Interest bearing deposits in banks 8,322 5,509
Securities available for sale 59,137 59,893
Securities held to maturity, net of allowance for credit losses of $0 (fair values of $15,122 at June 30, 2026 and $16,744 at December 31, 2025) 16,708 18,283
Loans receivable, net of allowance for credit losses of $3,576 at June 30, 2026 and $3,440 at December 31, 2025 313,078 301,986
Net investment in direct financing leases 998 1,219
Accrued interest receivable 1,992 1,888
Premises and equipment, net 13,579 11,459
Bank-owned life insurance 6,630 6,544
Other real estate owned 9,104 9,271
Restricted investments carried at cost 2,833 2,773
Deferred income taxes 1,579 1,814
Other assets 3,160 2,753
Total assets 444,347 429,842
Liabilities    
Noninterest bearing 51,265 45,871
Interest bearing 288,364 282,033
Total deposits 339,629 327,904
Advances from Federal Home Loan Bank (FHLB) 46,464 45,669
Accrued expenses and other liabilities 3,043 2,512
Total liabilities 389,136 376,085
Shareholders' Equity    
Preferred stock, $0.01 par value, 1,000,000 shares authorized, none issued and outstanding
Common stock, $0.01 par value, 19,000,000 shares authorized, 3,365,468 issued and 2,872,727 outstanding at June 30, 2026 and 3,366,516 issued and 2,887,275 outstanding at December 31, 2025 34 34
Additional paid in capital 33,441 33,198
Retained earnings 33,902 32,412
Accumulated other comprehensive loss (3,152) (3,063)
Unearned Employee Stock Ownership Program (ESOP) shares, at cost (1,817) (1,884)
Treasury stock, at cost (492,741 shares at June 30, 2026 and 479,241 shares at December 31, 2025) (7,197) (6,940)
Total shareholders' equity 55,211 53,757
Total liabilities and shareholders' equity $ 444,347 $ 429,842