v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
INTEREST AND FEE INCOME    
Loans, including fees $ 38,647 $ 35,476
Taxable investment securities 3,387 3,561
Tax exempt investment securities 87 23
FHLB and FRB stock 651 616
Short-term investments 160 222
Total interest and fee income 42,932 39,898
INTEREST EXPENSE    
Deposits 13,360 12,592
FHLB borrowings, short-term 2,149 1,865
FHLB borrowings, long-term 968 1,258
Junior subordinated debentures 446 446
Total interest expense 16,923 16,161
NET INTEREST INCOME 26,009 23,737
Provision for credit losses 630 600
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 25,379 23,137
NON-INTEREST INCOME    
Gain on sale/servicing of loans 322 33
Earnings on bank-owned life insurance 159 151
Total non-interest income 4,304 4,004
NON-INTEREST EXPENSE    
Compensation and benefits 14,055 12,792
Occupancy and equipment 2,516 2,007
Federal Deposit Insurance Corporation ("FDIC") and OCC assessment 790 791
Advertising and public relations 304 292
Legal and professional fees 908 1,138
Merger expenses 1,529  
Data processing 1,115 1,113
Debit card processing 536 482
Other 2,326 2,204
Total non-interest expenses 24,079 20,819
INCOME BEFORE INCOME TAX EXPENSE 5,604 6,322
Income tax expense 1,065 1,192
NET INCOME $ 4,539 $ 5,130
Basic earnings per share $ 6.11 $ 6.91
Weighted average number of common shares outstanding 742,663 742,663
Service charges on deposit accounts    
NON-INTEREST INCOME    
Non-interest income (In scope of Topic 606) $ 650 $ 672
Trust and investment services income    
NON-INTEREST INCOME    
Non-interest income (In scope of Topic 606) 1,546 1,477
Debit card interchange income    
NON-INTEREST INCOME    
Non-interest income (In scope of Topic 606) 783 821
Other    
NON-INTEREST INCOME    
Non-interest income (In scope of Topic 606) $ 844 $ 850