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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 1,792 $ 2,012
Interest-bearing deposits in other financial institutions 21,884 22,452
Cash and Cash Equivalents 23,676 24,464
Investment securities available for sale, at fair value 106,623 107,949
Restricted equity securities, at cost 1,201 1,671
Loans, net of deferred fees and costs 207,393 205,219
Less: Allowance for credit losses (2,689) (2,839)
Loans, net 204,704 202,380
Premises and equipment, net 2,609 2,678
Bank owned life insurance 8,877 8,834
Deferred tax assets, net 8,088 8,548
Accrued interest receivable 1,243 1,345
Accrued taxes receivable 159 148
Prepaid expenses 474 471
Other assets 319 468
Total Assets 357,973 358,956
LIABILITIES    
Noninterest-bearing deposits 104,487 100,747
Interest-bearing deposits 212,770 208,442
Total Deposits 317,257 309,189
Short-term borrowings 20,000 30,000
Defined pension liability 338 330
Accrued expenses and other liabilities 1,197 1,620
Total Liabilities 338,792 341,139
STOCKHOLDERS' EQUITY    
Common stock, par value $1, authorized 15,000,000 shares, issued and outstanding 2,900,681 and 2,900,681 shares as of March 31, 2025 and December 31, 2024, respectively. 2,901 2,901
Additional paid-in capital 11,037 11,037
Retained earnings 23,035 22,882
Accumulated other comprehensive loss (17,792) (19,003)
Total Stockholders' Equity 19,181 17,817
Total Liabilities and Stockholders' Equity $ 357,973 $ 358,956