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 INCOME        
Interest and fees on loans $ 14,601 $ 14,932 $ 29,007 $ 29,440
Interest bearing deposits and short-term investments 292 175 550 289
Investment securities:        
Available for sale 2,270 1,876 4,283 3,686
Held to maturity 876 665 1,639 1,255
Trading securities 60 41 122 41
Total Interest Income 18,099 17,689 35,601 34,711
INTEREST EXPENSE        
Deposits 6,064 6,408 11,983 12,532
Short-term borrowings 3 43 12 119
Advances from Federal Home Loan Bank 409 555 868 1,157
Financing lease liabilities 23 25 47 51
Subordinated debt 264 264 527 527
Total Interest Expense 6,763 7,295 13,437 14,386
Net Interest Income 11,336 10,394 22,164 20,325
(Recovery) provision for credit losses (294) 3,133 (77) 3,036
Net Interest Income after (Recovery) Provision for Credit Losses 11,630 7,261 22,241 17,289
NON-INTEREST INCOME        
Non-interest income 3,871 3,601 7,481 7,071
Mortgage banking revenue 59 58 109 86
Trading securities revenue (loss) 60 35 (3) 35
Bank owned life insurance 362 244 600 508
Other income 717 676 1,297 1,335
Total Non-Interest Income 4,567 4,096 8,534 8,217
NON-INTEREST EXPENSE        
Salaries and employee benefits 7,412 7,076 14,637 14,299
Net occupancy expense 789 746 1,632 1,587
Equipment expense 435 404 843 794
Professional fees 1,423 903 2,588 1,588
Data processing and IT expense 1,230 1,153 2,497 2,405
Supplies, postage and freight 184 172 376 346
Miscellaneous taxes and insurance 397 364 761 712
Federal deposit insurance expense 196 240 406 480
Other expense 732 651 1,416 1,261
Total Non-Interest Expense 12,798 11,709 25,156 23,472
PRETAX INCOME (LOSS) 3,399 (352) 5,619 2,034
Provision (credit) for income taxes 661 (70) 1,087 408
NET INCOME (LOSS) $ 2,738 $ (282) $ 4,532 $ 1,626
Basic:        
Net income (loss) (in dollars per share) $ 0.16 $ (0.02) $ 0.27 $ 0.1
Average number of shares outstanding (in shares) 16,964,267 16,519,267 16,945,963 16,519,267
Diluted:        
Net income (loss) (in dollars per share) $ 0.16 $ (0.02) $ 0.27 $ 0.1
Average number of shares outstanding (in shares) 16,965,554 16,519,267 16,946,940 16,519,267
Wealth management fees        
NON-INTEREST INCOME        
Non-interest income $ 3,094 $ 2,782 $ 5,954 $ 5,646
Service charges on deposit accounts        
NON-INTEREST INCOME        
Non-interest income $ 275 $ 301 $ 577 $ 607