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
Sep. 30, 2024
Dec. 31, 2023
Assets:    
Cash and due from banks $ 1,027 $ 1,000
Interest-bearing bank deposits 33,565 30,388
Cash and cash equivalents 34,592 31,388
Time deposits with other financial institutions 1,494 1,991
Securities available for sale 75,240 82,135
Federal Home Loan Bank stock (FHLB) 585 550
Loans held for sale 3,120 380
Loans, net of unearned income 135,082 121,799
Allowance for credit losses on loans (1,271) (1,176)
Loans, net 133,811 120,623
Premises and equipment, net 5,250 5,285
Accrued interest receivable 855 758
Bank-owned life insurance (BOLI) 9,603 9,441
Other assets 3,889 4,225
Total assets 268,439 256,776
Deposits:    
Noninterest bearing 10,599 12,424
Interest-bearing    
Demand and NOW checking 15,127 15,346
Money market 28,878 32,027
Savings 40,223 41,774
Time deposits over $250,000 17,351 9,975
Other time deposits 67,709 57,280
Total deposits 179,887 168,826
Escrow deposits 874 1,382
Other borrowings 5,000 5,000
Accrued expenses and other liabilities 4,242 4,023
Total liabilities 190,003 179,231
Stockholders' equity:    
Common Stock ($0.01 par value; 10,000,000 shares authorized; 5,275,013 shares outstanding at September 30, 2024 and 5,315,261 shares at December 31, 2023) 56 56
Treasury Stock, at cost (310,146 shares at September 30, 2024 and 269,898 shares at December 31, 2023) (2,792) (2,381)
Additional paid-in capital 51,410 50,920
Retained earnings 40,312 41,055
Unallocated common shares held by ESOP (3,723) (3,882)
Accumulated other comprehensive loss, net (6,827) (8,223)
Total stockholders' equity 78,436 77,545
Total liabilities and stockholders' equity $ 268,439 $ 256,776