v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - 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 $ 11,165 $ 11,334 $ 22,308 $ 22,075
Investment securities available for sale 282 324 571 674
Investment securities held to maturity 45 46 90 93
Other interest income 713 562 1,318 1,305
Total interest income 12,205 12,266 24,287 24,147
Interest Expense        
Interest on deposits 2,771 2,622 5,423 5,223
Interest on FHLB borrowings (104) 23 215 194
Interest on subordinated debentures 0 465 0 931
Total interest expense 2,667 3,110 5,638 6,348
Net interest income 9,538 9,156 18,649 17,799
(Recovery of) provision for credit losses (216) 178 (227) 475
Net interest income after provision for credit losses 9,754 8,978 18,876 17,324
Noninterest Income        
Income from investment in life insurance 116 114 202 201
(Loss) on sale of fixed assets (135) 0 (135) 0
Other income 199 311 367 485
Total noninterest income 467 714 995 1,243
Noninterest Expense        
Compensation and related benefits 3,512 4,018 9,292 8,542
Occupancy 476 379 932 823
Data processing 437 395 836 792
Advertising 19 3 33 9
Professional fees 315 249 551 479
Equipment 89 94 178 185
Foreclosed real estate and holding costs 0 0 (5) 2
Amortization of intangible assets 45 45 90 90
FDIC insurance premiums 87 84 172 165
Other 510 488 1,009 845
Total noninterest expense 5,490 5,755 13,088 11,932
Net income before tax 4,731 3,937 6,783 6,635
Income tax expense 1,269 1,076 2,230 1,675
Net income $ 3,462 $ 2,861 $ 4,553 $ 4,960
Basic earnings per share $ 0.43 $ 0.29 $ 0.56 $ 0.5
Diluted earnings per share $ 0.42 $ 0.29 $ 0.55 $ 0.5
Deposits        
Noninterest Income        
Revenue $ 105 $ 112 $ 215 $ 216
Debit Cards        
Noninterest Income        
Revenue $ 182 $ 177 $ 346 $ 341