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
Mar. 31, 2023
Dec. 31, 2022
Assets:    
Cash and due from banks $ 1,146 $ 1,583
Interest-bearing bank deposits 8,709 11,564
Cash and cash equivalents 9,855 13,147
Time deposits with other financial institutions 3,730 4,477
Securities available for sale 121,127 121,205
Federal Home Loan Bank stock (FHLB) 550 550
Loans, net of unearned income 104,522 103,983
Allowance for credit losses on loans (979) (624)
Loans, net 103,543 103,359
Premises and equipment, net 4,970 5,035
Accrued interest receivable 814 852
Bank-owned life insurance (BOLI) 9,295 9,249
Other assets 5,676 6,332
Total assets 259,560 264,206
Deposits:    
Noninterest bearing 14,759 12,977
Interest-bearing    
Demand and NOW checking 18,176 18,659
Money market 39,970 42,624
Savings 47,732 49,068
Time deposits over $250,000 6,950 8,801
Other time deposits 44,665 46,585
Total deposits 172,252 178,714
Escrow deposits 1,798 1,253
Accrued expenses and other liabilities 3,441 3,697
Total liabilities 177,491 183,664
Stockholders' equity:    
Common Stock ($0.01 par value; 10,000,000 shares authorized; 5,397,959 shares issued and outstanding) 54 54
Additional paid-in capital 50,421 50,420
Retained earnings 45,182 45,291
Unallocated common shares held by ESOP (4,044) (4,098)
Accumulated other comprehensive loss, net (9,544) (11,125)
Total stockholders' equity 82,069 80,542
Total liabilities and stockholders' equity $ 259,560 $ 264,206