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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
INTEREST AND DIVIDEND INCOME        
Loans receivable, including fees $ 29,620 $ 26,034 $ 59,244 $ 50,974
Securities available-for-sale:        
Taxable 2,298 1,001 4,914 1,565
Tax-exempt 279 286 563 572
Securities held-to-maturity 2 3 4 5
Other interest and dividend income 557 2,086 1,326 4,360
TOTAL INTEREST AND DIVIDEND INCOME 32,756 29,410 66,051 57,476
INTEREST EXPENSE        
Deposits 13,933 13,442 28,471 26,060
Borrowings 13 0 13 0
TOTAL INTEREST EXPENSE 13,946 13,442 28,484 26,060
NET INTEREST INCOME 18,810 15,968 37,567 31,416
Provision for (reversal of) credit losses 6,956 118 7,224 68
NET INTEREST INCOME AFTER PROVISION FOR (REVERSAL OF) CREDIT LOSSES 11,854 16,086 30,343 31,348
NON-INTEREST INCOME        
Income from bank-owned life insurance 494 388 965 769
Fees and service charges 551 465 1,062 897
Loan fees, including preypayment penalties 703 937 1,378 1,661
Other 503 297 1,036 745
TOTAL NON-INTEREST INCOME 2,251 2,087 4,441 4,072
NON-INTEREST EXPENSE        
Salaries and employee benefits 7,093 6,443 14,265 12,963
Occupancy and equipment 2,147 1,850 4,432 3,879
Professional fees 721 602 1,482 1,126
Data processing and communications 1,543 1,404 3,169 2,564
Federal deposit insurance 415 279 948 552
Advertising and promotion 152 156 323 298
Office expense 238 155 348 274
Other real estate expenses 0 0 27 0
Core deposit intangible 219 111 447 231
Other 981 1,009 1,860 1,958
TOTAL NON-INTEREST EXPENSE 13,509 12,009 27,301 23,845
INCOME BEFORE INCOME TAX EXPENSE 596 6,164 7,483 11,575
INCOME TAX (BENEFIT) EXPENSE (92) 1,038 1,417 2,104
NET INCOME $ 688 $ 5,126 $ 6,066 $ 9,471
Earnings per common share-basic $ 0.1 $ 0.81 $ 0.88 $ 1.5
Earnings per common share-diluted $ 0.1 $ 0.8 $ 0.88 $ 1.48