Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and non-interest bearing deposits in other financial institutions $ 19,458 $ 17,883
Interest bearing deposits in other financial institutions 84,157 52,047
Federal funds sold 563 654
Total cash and cash equivalents 104,178 70,584
Securities available-for-sale 335,150 333,554
Loans held-for-sale 2,641 1,253
Loans receivable, net of deferred fees and costs 1,473,774 1,508,976
Less: Allowance for credit losses (17,977) (16,911)
Net loans receivable 1,455,797 1,492,065
Federal Home Loan Bank stock 6,547 6,547
Accrued interest receivable 7,585 7,721
Premises and equipment 45,544 47,259
Cash value of bank owned life insurance 33,843 33,514
Goodwill 22,395 22,395
Other intangible assets 1,273 1,860
Other assets 37,771 43,947
Total assets 2,052,724 2,060,699
Deposits:    
Non-interest bearing 280,296 263,324
Interest bearing 1,470,350 1,497,242
Total 1,750,646 1,760,566
Repurchase agreements 48,426 40,116
Borrowed funds 55,000 65,000
Accrued expenses and other liabilities 33,157 43,603
Total liabilities 1,887,229 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: September 30, 2025 - 4,327,511 December 31, 2024 - 4,313,698 0 0
Additional paid-in capital 70,233 70,034
Accumulated other comprehensive loss (49,266) (58,084)
Retained earnings 144,528 139,464
Total stockholders' equity 165,495 151,414
Total liabilities and stockholders' equity $ 2,052,724 $ 2,060,699