v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest Income        
Interest and fees on loans $ 341 $ 334 $ 689 $ 665
Other 48 62 90 141
Total interest income 389 396 779 806
Interest Expense        
Deposits 49 62 99 143
Total interest expense 49 62 99 143
Net interest income 340 334 680 663
Provision for credit losses 0 0 0 0
Net interest income after provision for credit losses 340 334 680 663
Noninterest Income        
Service charges on deposit accounts 1 2 3 4
Other income 4 6 10 13
Total noninterest income 5 8 13 17
Noninterest Expense        
Salaries and employee benefits 232 187 462 375
Occupancy and equipment 32 33 62 64
Data processing 31 29 63 57
Accounting and auditing expenses 57 67 122 126
General insurance 15 23 37 44
Legal fees 12 11 25 33
Advertising 0 17 0 18
Automobile depreciation and expense 3 6 6 13
Correspondent charges 5 4 9 9
Other expenses 23 9 41 23
Total noninterest expense 410 386 827 762
Loss before income taxes (65) (44) (134) (82)
Income tax benefit 0 (8) 0 (16)
Net Loss $ (65) $ (36) $ (134) $ (66)
Loss per share - basic and diluted (in dollars per share) $ (8) $ (5) $ (17) $ (9)
Weighted average shares outstanding (in shares) 768,645 767,884 769,099 767,606