Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash and non-interest bearing deposits in other financial institutions $ 15,758 $ 18,265
Interest bearing deposits in other financial institutions 102,997 101,382
Total cash and cash equivalents 118,755 119,647
Securities available-for-sale 307,686 316,227
Loans held-for-sale 0 1,096
Loans receivable, net of deferred fees and costs 1,455,118 1,450,387
Less: Allowance for credit losses (17,285) (17,506)
Net loans receivable 1,437,833 1,432,881
Federal Home Loan Bank stock 6,547 6,547
Accrued interest receivable 7,700 7,781
Premises and equipment 44,315 44,976
Cash value of bank owned life insurance 33,786 33,586
Goodwill 22,395 22,395
Other intangible assets 1,076 1,172
Other assets 35,063 34,873
Total assets 2,015,156 2,021,181
Deposits:    
Non-interest bearing 278,705 267,441
Interest bearing 1,440,366 1,459,530
Total 1,719,071 1,726,971
Federal funds purchased and repurchase agreements 40,815 39,703
Borrowed funds 50,000 45,000
Accrued expenses and other liabilities 32,870 34,844
Total liabilities 1,842,756 1,846,518
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: March 31, 2026 - 4,330,486 December 31, 2025 - 4,326,747 0 0
Additional paid-in capital 70,397 70,331
Accumulated other comprehensive loss (45,713) (41,662)
Retained earnings 147,716 145,994
Total stockholders' equity 172,400 174,663
Total liabilities and stockholders' equity $ 2,015,156 $ 2,021,181