v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest and dividend income        
Interest and fees on loans $ 12,723 $ 13,252 $ 25,343 $ 25,923
Interest and dividends on investment securities 3,551 2,392 6,852 4,688
Interest on deposits in other banks 425 807 907 1,804
Total interest and dividend income 16,699 16,451 33,102 32,415
Interest expense        
Deposits 3,735 3,733 7,527 7,126
Borrowed funds 1,063 616 1,831 1,340
Total interest expense 4,798 4,349 9,358 8,466
Net interest income 11,901 12,102 23,744 23,949
Provision for credit losses 475 453 965 838
Net interest income after provision for credit losses 11,426 11,649 22,779 23,111
Non-interest income        
Service charges and fee income from deposit accounts 672 613 1,417 1,267
Gain (loss) on sales, disposal, or impairment of assets 4 (88) (42) (88)
Gain on sales of available for sale securities 77 108 162 163
Other non-interest income 1,485 321 1,812 667
Total non-interest income 2,238 954 3,349 2,009
Non-interest expenses        
Salaries and employee benefits 7,665 6,231 14,424 12,389
Occupancy and equipment 1,912 1,726 3,771 3,359
Directors' fees 246 183 446 364
Data processing 1,278 1,245 2,556 2,473
Advertising and marketing 218 301 463 469
Mortgage servicing rights amortization 100 103 207 194
Other general and administrative 1,677 1,527 3,080 2,866
Total non-interest expenses 13,096 11,316 24,947 22,114
Income from continuing operations before income taxes 568 1,287 1,181 3,006
Income tax expense (benefit) from continuing operations (129) 258 (10) 607
Net income from continuing operations 697 1,029 1,191 2,399
Loss from discontinued operations before income taxes (965) (189) (1,438) (1,030)
Income tax benefit from discontinued operations (198) (39) (296) (215)
Net loss from discontinued operations (767) (150) (1,142) (815)
Net income (loss) $ (70) $ 879 $ 49 $ 1,584
Continuing operations - basic $ 0.05 $ 0.06 $ 0.08 $ 0.13
Continuing operations - diluted 0.05 0.06 0.08 0.13
Discontinued operations - basic (0.05) (0.01) (0.07) (0.04)
Discontinued operations - diluted (0.05) (0.01) (0.07) (0.04)
Total earnings per share basic 0 0.05 0.01 0.09
Total earnings per share diluted $ 0 $ 0.05 $ 0.01 $ 0.09
Weighted average shares outstanding - basic 14,853,909 18,329,850 15,562,108 18,321,959
Weighted average shares outstanding - diluted 14,912,707 18,329,850 15,598,136 18,321,959