v3.25.3
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income:        
Loans, including fees $ 1,971 $ 1,797 $ 5,564 $ 4,993
Securities        
Taxable 352 370 1,042 1,175
Tax-exempt 60 60 181 184
Federal funds sold and other 418 409 1,448 1,183
Time deposits with other financial institutions 15 14 51 65
FHLB Stock 9 10 27 28
Total interest income 2,825 2,660 8,313 7,628
Interest expense:        
Deposits 879 769 2,615 2,123
Other borrowings 0 61 113 182
Total interest expense 879 830 2,728 2,305
Net interest income 1,946 1,830 5,585 5,323
(Reversal of) provision for credit losses (50) 20 (30) 142
Net interest income after (reversal of) provision for credit losses 1,996 1,810 5,615 5,181
Noninterest income:        
Gain on sale of mortgage loans 393 268 1,089 695
Rental income on office building 16 16 48 48
Service charges on deposits 66 67 189 192
Increase in cash surrender value of BOLI 60 56 173 162
Other non-interest income 29 16 134 139
Total noninterest income 564 423 1,633 1,236
Noninterest expense:        
Salaries and employee benefits 1,565 1,483 4,740 4,325
Equipment and occupancy 209 190 643 602
Data processing 243 212 698 624
Professional services 98 115 414 398
Advertising 32 60 113 235
Supervisory fees and assessments 38 36 118 107
Loan expenses 68 53 239 148
Deposit expenses 62 63 237 175
Director fees 56 56 155 160
Other non-interest expense 124 136 412 386
Total noninterest expense 2,495 2,404 7,769 7,160
Income (loss) before income taxes 65 (171) (521) (743)
Income tax expense 0 0 0 0
Net income (loss) $ 65 $ (171) $ (521) $ (743)
Income (Loss) per common share basic (in dollars per share) $ 0.01 $ (0.03) $ (0.11) $ (0.15)
Income (Loss) per common share diluted (in dollars per share) $ 0.01 $ (0.03) $ (0.11) $ (0.15)
Average number of common shares outstanding used to calculate basic income (loss) per common share (in shares) 4,884,404 4,908,504 4,884,991 4,921,445
Diluted average shares outstanding (in shares) 4,909,533 4,908,504 4,884,991 4,921,445

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