v3.26.1
CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income:        
Loans receivable $ 4,551,000 $ 3,925,000 $ 8,786,000 $ 7,646,000
Investment securities 673,000 787,000 1,366,000 1,603,000
Other 186,000 284,000 513,000 526,000
Total interest income 5,410,000 4,996,000 10,665,000 9,775,000
Interest expense, deposits (983,000) (1,633,000) (2,034,000) (3,298,000)
Net interest income 4,427,000 3,363,000 8,631,000 6,477,000
Provision for credit losses (135,000) (135,000) (270,000) (270,000)
Net interest income after provision for credit losses 4,292,000 3,228,000 8,361,000 6,207,000
Noninterest income:        
Customer service fees 164,000 40,000 259,000 73,000
Other 233,000 178,000 417,000 343,000
Total noninterest income 397,000 218,000 676,000 416,000
Noninterest expense:        
Compensation (2,405,000) (1,615,000) (4,854,000) (3,473,000)
Occupancy (582,000) (547,000) (1,208,000) (1,108,000)
Advertising (81,000) (33,000) (149,000) (37,000)
Amortization of core deposit intangible (46,000) (46,000) (92,000) (92,000)
Other (1,429,000) (1,015,000) (2,762,000) (1,965,000)
Total noninterest expense (4,543,000) (3,256,000) (9,065,000) (6,675,000)
Income (Loss) before income taxes 146,000 190,000 (28,000) (52,000)
Income tax (benefit):        
Tax Expense (benefit) 50,000 72,000 (6,000) (5,000)
Net income (loss) $ 96,000 118,000 $ (21,592) (47,000)
Earnings (loss) per share - basic $ 0.01   $ 0  
Earnings (loss) per share - diluted $ 0.01   $ 0  
Weighted average shares of common stock outstanding - basic 7,461,057   7,457,819  
Weighted average shares of common stock outstanding - diluted 7,461,057   7,457,819  
Other comprehensive income (loss):        
Unrealized gain (loss) on securities available-for-sale, net of income taxes of ($55) for three months ended June 30, 2026 and ($157) for six months ended June 30, 2026, and ($335) for three months ended June 30, 2025 and ($1,240) for six months ended June 30, 2025. $ (139,000) 843,000 $ (397,000) 3,111,000
Total other comprehensive income (139,000) 843,000 (397,000) 3,111,000
Comprehensive income (loss) $ (43,000) $ 961,000 $ (419,000) $ 3,064,000