v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 7,385 $ 7,061
Short-term investments 20,761 18,682
Cash and cash equivalents 28,146 25,743
Securities available for sale, at fair value (amortized cost $66,461 and $78,458) 66,562 76,954
Federal Home Loan Bank of New York ("FHLB") and Federal Reserve Bank ("FRB") stock, at cost 7,908 9,504
Loans 803,219 763,981
Allowance for credit losses (8,749) (8,545)
Net loans 794,470 755,436
Premises and equipment, net 12,047 10,107
Accrued interest receivable 3,143 3,170
Goodwill 1,595 1,595
Bank-owned life insurance 5,637 5,478
Other assets 8,993 8,334
Total assets 928,501 896,321
Liabilities    
Demand deposits 148,536 144,302
Savings accounts 87,243 93,385
NOW and money market 382,252 336,294
Time deposits 147,202 121,927
Total deposits 765,233 695,908
FHLB borrowings, short-term 54,000 86,500
FHLB borrowings, long-term 20,000 30,000
Junior subordinated debentures 7,750 7,750
Other liabilities 10,379 9,932
Total liabilities 857,362 830,090
Commitments and contingent liabilities (Note 11)
Shareholders' equity    
Common stock, $12.50 par value. Authorized 10,000,000 shares; issued 768,000 shares 9,600 9,600
Additional paid in capital 42 42
Treasury stock, at cost; 25,337 shares (991) (991)
Retained earnings 61,874 58,315
Accumulated other comprehensive income/(loss) 614 (735)
Total shareholders' equity 71,139 66,231
Total liabilities and shareholders' equity $ 928,501 $ 896,321