Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and non-interest bearing deposits in other financial institutions $ 16,630 $ 18,265
Interest bearing deposits in other financial institutions 74,978 101,382
Federal funds sold 1,051 0
Total cash and cash equivalents 92,659 119,647
Securities available-for-sale 279,869 316,227
Loans held-for-sale 2,181 1,096
Loans receivable, net of deferred fees and costs 1,499,222 1,450,387
Less: Allowance for credit losses (17,542) (17,506)
Net loans receivable 1,481,680 1,432,881
Federal Home Loan Bank stock 6,547 6,547
Accrued interest receivable 7,802 7,781
Premises and equipment 43,499 44,976
Cash value of bank owned life insurance 34,225 33,586
Goodwill 22,395 22,395
Other intangible assets 896 1,172
Other assets 42,372 34,873
Total assets 2,014,125 2,021,181
Deposits:    
Non-interest bearing 281,477 267,441
Interest bearing 1,476,980 1,459,530
Total 1,758,457 1,726,971
Federal funds purchased and repurchase agreements 24,849 39,703
Borrowed funds 35,000 45,000
Accrued expenses and other liabilities 37,977 34,844
Total liabilities 1,856,283 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: September 30, 2026 - 4,330,893 December 31, 2025 - 4,326,747 0 0
Additional paid-in capital 71,232 70,331
Accumulated other comprehensive loss (63,520) (41,662)
Retained earnings 150,130 145,994
Total stockholders' equity 157,842 174,663
Total liabilities and stockholders' equity $ 2,014,125 $ 2,021,181