v3.26.1
Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and due from financial institutions $ 13,897 $ 7,942
Due from Federal Reserve Bank and interest-bearing deposits in other financial institutions 146,012 146,627
Total cash and cash equivalents 159,909 154,569
Debt securities available-for-sale, at fair value (amortized cost $234,947 and $218,488, net of allowance for credit losses of $0 and $0) 232,196 218,160
Loans, net of allowance for credit losses on loans of $21,501 and $22,261 2,202,618 2,126,178
Federal Home Loan Bank stock, at cost 8,409 8,409
Premises and equipment, net 1,151 1,526
Cash surrender value of bank-owned life insurance policies 11,443 13,045
Accrued interest receivable and other assets 44,714 47,756
Total assets 2,660,440 2,569,643
LIABILITIES AND SHAREHOLDERS' EQUITY    
Non-interest-bearing deposits 568,509 556,972
Interest-bearing 1,753,439 1,629,101
Total deposits 2,321,948 2,186,073
Short-term borrowings 0 60,000
Subordinated debentures, net 22,000 22,000
Accrued interest payable and other liabilities 20,307 20,591
Total liabilities 2,364,255 2,288,664
Commitments and contingent liabilities (Note 9)
Preferred stock - no par value; 5,000,000 shares authorized; no shares issued and outstanding at June 30, 2026 and December 31, 2025 0 0
Common stock - no par value; 25,000,000 shares authorized; 10,982,764 and 10,947,967 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 170,284 169,990
Retained earnings 127,818 111,150
Accumulated other comprehensive loss, net of taxes (1,917) (161)
Total shareholders' equity 296,185 280,979
Total liabilities and shareholders' equity $ 2,660,440 $ 2,569,643