Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets (Current Period Unaudited)

v3.26.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Cash and due from banks $ 1,032 $ 1,242
Interest-bearing bank deposits 42,358 32,800
Cash and cash equivalents 43,390 34,042
Time deposits with other financial institutions 996 1,245
Securities available for sale 76,717 78,719
Federal Home Loan Bank stock (FHLB) 605 605
Loans held for sale 1,759 4,459
Loans, net of unearned income 128,742 129,763
Allowance for credit losses on loans (1,095) (1,128)
Total loans, net 127,647 128,635
Premises and equipment, net 5,053 5,113
Interest Receivable 918 925
Bank-owned life insurance (BOLI) 9,954 9,894
Other assets 3,279 3,011
Total assets 270,318 266,648
Deposits:    
Noninterest bearing 13,841 13,306
Interest-bearing    
Demand and NOW checking 14,593 14,289
Money market 26,088 25,735
Savings 37,222 38,660
Time deposits over $250,000 26,289 23,370
Other time deposits 65,840 66,112
Total deposits 183,873 181,472
Escrow deposits 2,662 1,599
Accrued expenses and other liabilities 3,809 3,603
Total liabilities 190,344 186,674
Stockholders' equity:    
Common Stock 56 56
Treasury Stock, at cost (3,087) (3,087)
Additional paid-in capital 52,533 52,348
Retained earnings 39,841 39,880
Unallocated common shares held by ESOP (3,408) (3,462)
Accumulated other comprehensive loss, net (5,961) (5,761)
Total stockholders' equity 79,974 79,974
Total liabilities and stockholders' equity $ 270,318 $ 266,648
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 5,599,859
Shares outstanding (in shares) 5,261,533 5,261,533
Treasury shares (in shares) 338,326 338,326