Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and non-interest bearing deposits in other financial institutions $ 17,384 $ 18,265
Interest bearing deposits in other financial institutions 76,270 101,382
Federal funds sold 988 0
Total cash and cash equivalents 94,642 119,647
Securities available-for-sale 310,198 316,227
Loans held-for-sale 1,083 1,096
Loans receivable, net of deferred fees and costs 1,503,793 1,450,387
Less: Allowance for credit losses (17,694) (17,506)
Net loans receivable 1,486,099 1,432,881
Federal Home Loan Bank stock 6,547 6,547
Accrued interest receivable 7,671 7,781
Premises and equipment 43,932 44,976
Cash value of bank owned life insurance 34,010 33,586
Goodwill 22,395 22,395
Other intangible assets 984 1,172
Other assets 33,145 34,873
Total assets 2,040,706 2,021,181
Deposits:    
Non-interest bearing 270,682 267,441
Interest bearing 1,461,862 1,459,530
Total 1,732,544 1,726,971
Federal funds purchased and repurchase agreements 30,301 39,703
Borrowed funds 65,000 45,000
Accrued expenses and other liabilities 34,574 34,844
Total liabilities 1,862,419 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: June 30, 2026 - 4,333,002 December 31, 2025 - 4,326,747 0 0
Additional paid-in capital 70,530 70,331
Accumulated other comprehensive loss (41,532) (41,662)
Retained earnings 149,289 145,994
Total stockholders' equity 178,287 174,663
Total liabilities and stockholders' equity $ 2,040,706 $ 2,021,181