NOTE 13 – OTHER EXPENSES The Company’s other expenses for the periods indicated consisted of the following: | | | | | | | | | | | | | | | | Three months ended | | Nine months ended | | | | September 30, | | September 30, | | | | 2026 | | 2025 | | 2026 | | 2025 | | Professional fees | | $ | 664 | | $ | 474 | | $ | 1,883 | | $ | 1,522 | | Core deposit premium amortization | | | 113 | | | 242 | | | 341 | | | 749 | | Marketing and promotions | | | 306 | | | 226 | | | 804 | | | 634 | | Stationery and supplies | | | 82 | | | 66 | | | 218 | | | 210 | | Insurance (including FDIC premiums) | | | 374 | | | 340 | | | 1,140 | | | 1,069 | | Communication and postage | | | 257 | | | 275 | | | 733 | | | 780 | | Loan default related recoveries | | | (353) | | | (345) | | | (1,057) | | | (495) | | Director fees and expenses | | | 104 | | | 68 | | | 299 | | | 203 | | Bank service charges | | | 19 | | | 16 | | | 53 | | | 50 | | Courier expense | | | 199 | | | 144 | | | 581 | | | 482 | | Other | | | 425 | | | 91 | | | 672 | | | 388 | | Total | | $ | 2,190 | | $ | 1,597 | | $ | 5,667 | | $ | 5,592 | |
The Company recognizes marketing and promotion expenses as they are incurred. Advertising expense included in marketing and promotions totaled $16,000 and $63,000 for the three and nine months ended September 30, 2026 and $12,000 and $26,000 for the three and nine months ended September 30, 2025, respectively.
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