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 receivable, including fees $ 2,686 $ 2,792 $ 5,435 $ 5,530
Investment securities 567 294 1,089 569
Cash and due from banks 309 353 599 694
Other earning assets 22 22 31 42
Total interest income 3,584 3,461 7,154 6,835
INTEREST EXPENSE        
Deposits 919 925 1,858 1,866
Borrowings 74 68 160 136
Total interest expense 993 993 2,018 2,002
Net interest income 2,591 2,468 5,136 4,833
Reversal of credit losses (104)   (174)  
Net interest income after reversal of credit losses 2,695 2,468 5,310 4,833
NON-INTEREST INCOME        
Service charges on deposit accounts 204 202 406 399
Bank-owned life insurance 135 119 269 237
Other 22 23 38 45
Total non-interest income 361 344 713 681
NON-INTEREST EXPENSE        
Salaries and employee benefits 1,343 1,262 2,664 2,507
Occupancy and equipment 208 208 417 407
Data processing and communication 183 176 363 358
Professional fees 175 114 360 215
Directors' fees 124 117 245 231
Foreclosed assets, net 11 18 11 (109)
Advertising and marketing 47 20 80 59
Regulatory fees and assessments 37 33 70 68
Other 252 230 453 424
Total non-interest expense 2,380 2,178 4,663 4,160
Income before income tax expense 676 634 1,360 1,354
Income tax expense 152 113 278 247
NET INCOME $ 524 $ 521 $ 1,082 $ 1,107
Earnings per share - basic (in dollars per share) $ 0.15 $ 0.14 $ 0.3 $ 0.3
Earnings per share - diluted (in dollars per share) $ 0.14 $ 0.14 $ 0.3 $ 0.3