v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and due from banks $ 6,726,000 $ 5,326,000
Interest-bearing deposits with other financial institutions 134,603,000 192,538,000
Total cash and cash equivalents 141,329,000 197,864,000
Investment securities:    
Available for sale, at fair value (amortized cost of $117,538 at June 30, 2026 and $71,061 at December 31, 2025) 115,018,000 71,038,000
Loans held for sale 50,848,000 46,009,000
Loans, net of deferred fees and costs 1,047,352,000 959,269,000
Less: Allowance for credit losses (12,418,000) (9,890,000)
Loans, net 1,034,934,000 949,379,000
Premises and equipment, net 1,346,000 1,094,000
Operating lease right-of-use asset 4,857,000 5,297,000
Bank-owned life insurance 30,614,000 30,004,000
Loan servicing assets, net 12,270,000 11,140,000
Federal Home Loan Bank stock, at cost 5,797,000 5,513,000
Other real estate owned 5,663,000 4,401,000
Other assets 29,026,000 37,752,000
Total Assets 1,431,702,000 1,359,491,000
Deposits:    
Noninterest-bearing demand 233,444,000 214,127,000
Interest-bearing demand 65,995,000 70,966,000
Savings 353,065,000 289,038,000
Time 553,227,000 568,564,000
Total deposits 1,205,731,000 1,142,695,000
Short-term borrowings 0 371,000
Subordinated Debt 30,328,000 26,163,000
Operating lease liability 5,382,000 5,757,000
Other liabilities 17,451,000 18,750,000
Total liabilities 1,258,892,000 1,193,736,000
Commitments and Contingencies (Note 10)
Stockholders' Equity:    
Common stock, par value $0.0001; 80,000,000 shares authorized; 14,470,352 shares issued and outstanding at June 30, 2026 and 14,385,226 shares issued and outstanding at December 31, 2025 1,000 1,000
Additional paid-in capital 82,606,000 80,405,000
Retained earnings 92,143,000 85,366,000
Accumulated other comprehensive loss (1,940,000) (17,000)
Total Stockholders' Equity 172,810,000 165,755,000
Total Liabilities and Stockholders' Equity $ 1,431,702,000 $ 1,359,491,000

Source

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