v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest Income        
Loans, including fees $ 4,924 $ 4,271 $ 9,578 $ 8,671
Debt securities        
Taxable 721 945 1,447 1,929
Non taxable 35 47 71 91
Dividends on restricted investments 31 44 65 94
Federal funds sold 42 55 103 117
Deposits with banks 71 112 130 216
Financial derivative       (10)
Total interest income 5,824 5,474 11,394 11,108
Interest Expense        
Deposits 1,677 1,797 3,325 3,596
Advances from FHLB 465 501 954 1,004
Other 2 2 4 6
Total interest expense 2,144 2,300 4,283 4,606
Net Interest Income 3,680 3,174 7,111 6,502
Provision for credit losses - loans 145 (37) 151 26
Provision (Credit) for Credit Losses - off-balance sheet credit exposures (41) (5) (41) 45
Provision (Credit) for Credit Losses 104 (42) 110 71
Net Interest Income After Provision (Credit) for Credit Losses 3,576 3,216 7,001 6,431
Noninterest Income        
Service charges on deposit accounts 183 178 363 343
Other service charges and fees 332 284 607 586
Net loss on sale of other real estate owned   (2) (25) (2)
Fair value adjustments to other real estate owned       (52)
Net appreciation on bank-owned life insurance 41 42 84 83
Gain on other investment   73   73
Other income 175 4 400 10
Total noninterest income 731 579 1,429 1,041
Noninterest Expenses        
Salaries and employee benefits 1,640 1,569 3,283 3,223
Occupancy and equipment expense 307 266 595 513
Data processing 293 244 570 478
Technology expense 97 76 231 133
Contract services 76 63 145 130
Director fees 49 71 102 142
Other expense 698 684 1,402 1,282
Total noninterest expense 3,160 2,973 6,328 5,901
Income Before Income Taxes 1,147 822 2,102 1,571
Income Tax Expense 177 144 296 250
Net Income $ 970 $ 678 $ 1,806 $ 1,321
Earnings per share - basic (in dollars per share) $ 0.37 $ 0.24 $ 0.68 $ 0.46
Earnings per share - diluted (in dollars per share) $ 0.35 $ 0.23 $ 0.66 $ 0.45
Weighted-average shares outstanding - basic (in shares) 2,651,030 2,828,769 2,648,266 2,846,246
Weighted-average shares outstanding - diluted (in shares) 2,742,784 2,922,938 2,735,074 2,940,847