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

Consolidated Statements of Operations

v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Interest income:    
Loans, including fees $ 7,453 $ 6,785
Securities    
Taxable 1,463 1,539
Tax-exempt 241 244
Federal funds sold and other 1,737 1,613
Time deposits with other financial institutions 65 85
FHLB stock 34 38
Total interest income 10,993 10,304
Interest expense:    
Deposits 3,417 3,000
Other borrowings 113 243
Total interest expense 3,530 3,243
Net interest income 7,463 7,061
(Reversal of) provision for credit losses (192) 71
Net interest income after provision for credit losses 7,655 6,990
Noninterest income:    
Gain on sale of mortgage loans 1,565 1,245
Rental income on office building 65 64
Service charges on deposits 252 256
Increase in cash surrender value of BOLI 233 220
Other 157 156
Total noninterest income 2,272 1,941
Noninterest expense:    
Salaries and employee benefits 6,266 5,939
Equipment and occupancy 875 782
Data processing 951 884
Professional services 570 513
Advertising 141 286
Supervisory fees and assessments 150 142
Loan expenses 301 212
Deposit expenses 292 239
Director fees 210 215
Other 557 508
Total noninterest expense 10,313 9,720
Loss before income taxes [1] (386) (789)
Income tax expense 0 0
Net loss $ (386) $ (789)
Basic and diluted loss per share (in dollars per share) $ (0.08) $ (0.16)
Weighted average shares outstanding (in shares) 4,887,508 4,911,461
[1] No foreign activity.