Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Current Period Unaudited)

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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets:    
Cash and due from banks $ 1,028 $ 1,000
Interest-bearing bank deposits 31,403 30,388
Cash and cash equivalents 32,431 31,388
Time deposits with other financial institutions 996 1,991
Securities available for sale 75,301 82,135
Federal Home Loan Bank stock (FHLB) 585 550
Loans held for sale 5,180 380
Loans, net of unearned income 132,305 121,799
Allowance for credit losses on loans (1,267) (1,176)
Loans, net 131,038 120,623
Premises and equipment, net 5,268 5,285
Accrued interest receivable 872 758
Bank-owned life insurance (BOLI) 9,547 9,441
Other assets 4,670 4,225
Total assets 265,888 256,776
Deposits:    
Noninterest bearing 11,188 12,424
Interest-bearing    
Demand and NOW checking 14,936 15,346
Money market 30,762 32,027
Savings 41,145 41,774
Time deposits over $250,000 15,859 9,975
Other time deposits 63,934 57,280
Total deposits 177,824 168,826
Escrow deposits 1,725 1,382
Other borrowings 5,000 5,000
Accrued expenses and other liabilities 4,839 4,023
Total liabilities 189,388 179,231
Stockholders' equity:    
Common Stock ($0.01 par value; 10,000,000 shares authorized; 5,295,459 shares outstanding at June 30, 2024 and 5,315,261 shares at December 31, 2023) 56 56
Treasury Stock, at cost (289,700 shares at June 30, 2024 and 269,898 shares at December 31, 2023) (2,571) (2,381)
Additional paid-in capital 51,240 50,920
Retained earnings 40,483 41,055
Unallocated common shares held by ESOP (3,776) (3,882)
Accumulated other comprehensive loss, net (8,932) (8,223)
Total stockholders' equity 76,500 77,545
Total liabilities and stockholders' equity $ 265,888 $ 256,776