Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and non-interest bearing deposits in other financial institutions $ 18,265 $ 17,883
Interest bearing deposits in other financial institutions 101,382 52,047
Federal funds sold 0 654
Total cash and cash equivalents 119,647 70,584
Securities available-for-sale 316,227 333,554
Loans held-for-sale 1,096 1,253
Loans receivable, net of deferred fees and costs 1,450,387 1,508,976
Less: Allowance for credit losses (17,506) (16,911)
Net loans receivable 1,432,881 1,492,065
Federal Home Loan Bank stock 6,547 6,547
Accrued interest receivable 7,781 7,721
Premises and equipment 44,976 47,259
Cash value of bank owned life insurance 33,586 33,514
Goodwill 22,395 22,395
Other intangible assets 1,172 1,860
Other assets 34,873 43,947
Total assets 2,021,181 2,060,699
Deposits:    
Non-interest bearing 267,441 263,324
Interest bearing 1,459,530 1,497,242
Total 1,726,971 1,760,566
Federal funds purchased and repurchase agreements 39,703 40,116
Borrowed funds 45,000 65,000
Accrued expenses and other liabilities 34,844 43,603
Total liabilities 1,846,518 1,909,285
Commitments and contingencies
Stockholders' Equity:    
Preferred stock, no par or stated value; 10,000,000 shares authorized, none outstanding 0 0
Common stock, no par or stated value; 10,000,000 shares authorized; shares issued and outstanding: December 31, 2025 - 4,326,747 December 31, 2024 - 4,313,698 0 0
Additional paid-in capital 70,331 70,034
Accumulated other comprehensive loss (41,662) (58,084)
Retained earnings 145,994 139,464
Total stockholders' equity 174,663 151,414
Total liabilities and stockholders' equity $ 2,021,181 $ 2,060,699