v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash $ 8,664 $ 5,616
Interest-bearing deposits in other banks 60,238 50,089
Cash and cash equivalents 68,902 55,705
Equity investment 405 404
Securities available for sale 32,218 33,226
Securities held to maturity (fair value of $5,083 and $5,102, ACL of $1 and $2) 5,647 5,736
Total loans 710,625 754,921
Allowance for credit losses (6,214) (6,437)
Net loans 704,411 748,484
Premises and equipment, net 12,223 12,493
Federal Home Loan Bank of Atlanta stock, at cost 661 2,324
Investment in life insurance 20,642 20,441
Accrued interest receivable 3,020 3,149
Goodwill 14,420 14,420
Intangible assets, net 561 651
Deferred tax assets, net 7,558 7,563
Other assets 7,288 7,617
Total assets 877,956 912,213
Liabilities    
Noninterest-bearing deposits 138,384 138,360
Interest-bearing deposits 537,506 537,734
Total deposits 675,890 676,094
FHLB borrowings 0 35,000
Other liabilities 18,865 17,315
Total liabilities 694,755 728,409
Stockholders' equity    
Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued or outstanding.
Common stock, $0.01 par value; 45,000,000 shares authorized at June 30, 2026 and December 31, 2025; 8,520,245 shares issued and outstanding as of June 30, 2026 and 8,852,813 issued and outstanding as of December 31, 2025 85 88
Paid-in capital 63,629 68,834
Retained earnings 127,543 122,990
Unearned common stock held by employee stock ownership plan (6,879) (6,978)
Accumulated other comprehensive loss (1,177) (1,130)
Total stockholders' equity 183,201 183,804
Total liabilities and stockholders' equity $ 877,956 $ 912,213