Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Cash and due from banks $ 1,242,000 $ 1,223,000
Interest-bearing bank deposits 32,800,000 52,258,000
Cash and cash equivalents 34,042,000 53,481,000
Time deposits with other financial institutions 1,245,000 1,494,000
Securities available for sale 78,719,000 71,249,000
Federal Home Loan Bank stock (FHLB) 605,000 585,000
Loans held for sale 4,459,000 1,218,000
Loans, net of unearned income 129,763,000 131,557,000
Allowance for credit losses on loans (1,128,000) (1,201,000)
Total loans, net 128,635,000 130,356,000
Premises and equipment, net 5,113,000 5,311,000
Interest Receivable 925,000 870,000
Bank-owned life insurance (BOLI) 9,894,000 9,661,000
Other assets 3,011,000 4,463,000
Total assets 266,648,000 278,688,000
Deposits:    
Noninterest bearing 13,306,000 11,896,000
Interest-bearing    
Demand and NOW checking 14,289,000 14,930,000
Money market 25,735,000 28,967,000
Savings 38,660,000 41,544,000
Time deposits over $250,000 23,370,000 21,990,000
Other time deposits 66,112,000 70,829,000
Total deposits 181,472,000 190,156,000
Escrow deposits 1,599,000 1,739,000
Other borrowings 0 5,000,000
Accrued expenses and other liabilities 3,603,000 5,303,000
Total liabilities 186,674,000 202,198,000
Stockholders' equity:    
Common stock 56,000 56,000
Treasury stock, at cost (3,087,000) (3,240,000)
Additional paid-in capital 52,348,000 51,684,000
Retained earnings 39,880,000 40,266,000
Unallocated common shares held by ESOP (3,462,000) (3,670,000)
Accumulated other comprehensive loss, net (5,761,000) (8,606,000)
Total stockholders' equity 79,974,000 76,490,000
Total liabilities and stockholders' equity $ 266,648,000 $ 278,688,000
Par value (in dollars per share) $ 0.01 $ 0.01
Shares authorized (in shares) 10,000,000 10,000,000
Shares issued (in shares) 5,599,859 5,601,859
Shares outstanding (in shares) 5,261,533 5,249,826
Treasury shares (in shares) 338,326 352,033