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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 6,712 $ 7,100
Securities available-for-sale, at fair value 144,282 120,217
Federal Home Loan Bank stock 2,677 2,498
Total loans 439,497 438,967
Less allowance for credit losses on loans (3,517) (3,486)
Net loans 435,980 435,481
Land, building and equipment, net 644 754
Bank-owned life insurance 4,811 4,768
Accrued interest receivable 2,154 2,103
Other assets 7,580 7,859
Total assets 604,840 580,780
Deposits:    
Non-interest bearing deposits 64,461 62,168
Interest bearing deposits 407,803 392,040
Total deposits 472,264 454,208
Advances from Federal Home Loan Bank 58,953 52,268
Mortgagors’ tax escrow 634 654
Deferred compensation liability 2,562 2,392
Other liabilities 9,626 9,208
Total liabilities 544,039 518,730
Stockholders' Equity:    
Preferred Stock, $.01 par value, 10,000,000 shares authorized, none issued
Common Stock, $.01 par value, 90,000,000 shares authorized; 5,304,812 issued and 4,706,813 outstanding at June 30, 2025; and 5,304,812 issued and 4,785,569 outstanding at December 31, 2024 53 53
Additional paid-in capital 54,205 53,900
Retained earnings 23,936 25,084
Accumulated other comprehensive loss (6,864) (7,044)
Treasury stock, at cost: 597,999 shares outstanding as of June 30, 2025 and 519,243 shares outstanding as of December 31, 2024 (5,921) (5,085)
Unearned stock compensation (4,608) (4,858)
Total stockholders' equity 60,801 62,050
Total liabilities and stockholders' equity $ 604,840 $ 580,780