v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and due from banks $ 16,193,000 $ 7,385,000
Short-term investments 76,948,000 20,761,000
Cash and cash equivalents 93,141,000 28,146,000
Securities available for sale, at fair value (amortized cost $116,022 and $66,461) 115,033,000 66,562,000
Federal Home Loan Bank of New York ("FHLB") and Federal Reserve Bank ("FRB") stock, at cost 7,047,000 7,908,000
Loans 1,110,107,000 803,219,000
Allowance for credit losses (13,138,000) (8,749,000)
Net loans 1,096,969,000 794,470,000
Premises and equipment, net 18,815,000 12,047,000
Accrued interest receivable 4,528,000 3,143,000
Goodwill 2,046,000 1,595,000
Core deposit intangible 6,775,000 0
Bank-owned life insurance 5,722,000 5,637,000
Other assets 14,523,000 8,993,000
Total assets 1,364,599,000 928,501,000
Liabilities    
Demand deposits 259,116,000 148,536,000
Savings accounts 179,290,000 87,243,000
NOW and money market 491,253,000 382,252,000
Time deposits 270,282,000 147,202,000
Total deposits 1,199,941,000 765,233,000
FHLB borrowings, short-term   54,000,000
FHLB borrowings, long-term 17,298,000 20,000,000
Junior subordinated debentures 39,936,000 7,750,000
Other liabilities 12,531,000 10,379,000
Total liabilities 1,269,706,000 857,362,000
Commitments and contingent liabilities (Note 9)
Shareholders' equity    
Common stock, $12.50 par value. Authorized 10,000,000 shares;issued 1,149,544 as of June 30, 2026 and issued 768,000 shares as of December 31, 2025 14,369,000 9,600,000
Preferred stock, $12.50 par value. Authorized 2,000,000 shares; none issued at June 30, 2026 and December 31, 2025
Additional paid in capital 22,904,000 42,000
Treasury stock, at cost; 49,473 shares as of June 30, 2026 and 25,337 shares as of December 31, 2025 (3,246,000) (991,000)
Retained earnings 60,790,000 61,874,000
Accumulated other comprehensive income/(loss) 76,000 614,000
Total shareholders' equity 94,893,000 71,139,000
Total liabilities and shareholders' equity $ 1,364,599,000 $ 928,501,000