Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets (Current Period Unaudited)

v3.25.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets:    
Cash and due from banks $ 1,008 $ 1,223
Interest-bearing bank deposits 46,480 52,258
Cash and cash equivalents 47,488 53,481
Time deposits with other financial institutions 1,494 1,494
Securities available for sale 69,588 71,249
Federal Home Loan Bank stock (FHLB) 605 585
Loans held for sale 4,429 1,218
Loans, net of unearned income 134,035 131,557
Allowance for credit losses on loans (1,200) (1,201)
Loans, net 132,835 130,356
Premises and equipment, net 5,252 5,311
Accrued interest receivable 851 870
Bank-owned life insurance (BOLI) 9,774 9,661
Other assets 3,660 4,463
Total assets 275,976 278,688
Deposits:    
Noninterest bearing 12,371 11,896
Interest-bearing    
Demand and NOW checking 14,522 14,930
Money market 27,507 28,967
Savings 43,696 41,544
Time deposits over $250,000 24,345 21,990
Other time deposits 70,519 70,829
Total deposits 192,960 190,156
Escrow deposits 1,781 1,739
Other borrowings 0 5,000
Accrued expenses and other liabilities 3,402 5,303
Total liabilities 198,143 202,198
Stockholders' equity:    
Common Stock ($0.01 par value; 10,000,000 shares authorized; 5,239,038 shares outstanding at June 30, 2025 and 5,249,826 shares at December 31, 2024) 56 56
Treasury Stock, at cost (360,821 shares at June 30, 2025 and 352,033 shares at December 31, 2024) (3,348) (3,240)
Additional paid-in capital 52,037 51,684
Retained earnings 39,680 40,266
Unallocated common shares held by ESOP (3,564) (3,670)
Accumulated other comprehensive loss, net (7,028) (8,606)
Total stockholders' equity 77,833 76,490
Total liabilities and stockholders' equity $ 275,976 $ 278,688