v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Loans, including fees $ 1,657 $ 1,793 $ 3,475 $ 3,593
Securities        
Taxable 399 335 804 690
Tax-exempt 60 61 120 121
Federal funds sold and other 362 522 647 1,030
Time deposits with other financial institutions 9 18 20 36
FHLB Stock 5 9 11 18
Total interest income 2,492 2,738 5,077 5,488
Interest expense:        
Deposits 746 877 1,474 1,736
Other borrowings 0 53 0 113
Total interest expense 746 930 1,474 1,849
Net interest income 1,746 1,808 3,603 3,639
Provision for (reversal of) credit losses (1) (57) 25 (20)
Net interest income after provision for (reversal of) credit losses 1,745 1,751 3,628 3,619
Noninterest income:        
Gain on sale of mortgage loans 366 507 841 696
Rental income on office building 16 16 32 32
Service charges on deposits 65 64 124 123
BOLI death benefit 918 0 918 0
Increase in cash surrender value of BOLI 58 57 118 113
Other non-interest income 70 91 115 105
Total noninterest income 1,493 735 2,148 1,069
Noninterest expense:        
Salaries and employee benefits 1,772 1,642 3,383 3,175
Transaction expenses 611 0 658 0
Equipment and occupancy 195 210 433 434
Data processing 256 233 514 455
Professional services 214 180 256 316
Advertising 20 39 44 81
Supervisory fees and assessments 33 42 66 80
Loan expenses 57 79 124 171
Deposit expenses 70 107 128 175
Director fees 55 51 111 99
Other non-interest expense 159 161 302 288
Total noninterest expense 3,442 2,744 6,019 5,274
Loss before income taxes (204) (258) (243) (586)
Income tax expense 0 0 0 0
Net loss $ (204) $ (258) $ (243) $ (586)
Loss per common share basic and diluted (in dollars per share) $ (0.04) $ (0.05) $ (0.05) $ (0.12)
Average number of common shares outstanding used to calculate basic loss per common share (in shares) 4,922,016 4,886,652 4,919,604 4,885,290