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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest and Dividend Income    
Loans, including fees $ 1,317 $ 1,073
Taxable 415 350
Tax-exempt 134 139
Dividends 7 7
Other 248 314
Total interest and dividend income 2,121 1,883
Interest Expense    
Deposits 813 649
Net Interest Income 1,308 1,234
Provision for Credit Losses 56 26
Net Interest Income After Provision for Credit Losses 1,252 1,208
Noninterest Income    
Loan servicing fees 15 17
Other 31 48
Total noninterest income 152 186
Noninterest Expense    
Salaries and employee benefits 555 588
Occupancy 89 81
Depreciation 34 40
Data processing 146 139
Professional fees 88 90
Marketing 37 36
Printing and office supplies 12 14
Deposit insurance premiums 40 37
Other 34 35
Total noninterest expense 1,035 1,060
Income Before Income Taxes 369 334
Provision for Income Taxes 84 58
Net Income $ 285 $ 276
Earning per share (basic) (in dollar per share) $ 0.18 $ 0.17
Earning per share (diluted) (in dollar per share) $ 0.18 $ 0.17
Weighted-average shares outstanding (basic) (in shares) 1,583,514 1,593,900
Weighted-average shares outstanding (diluted) (in shares) 1,583,514 1,593,900
Commission income    
Noninterest Income    
Revenue $ 3 $ 12
Customer service fees    
Noninterest Income    
Revenue 101 107
Net realized gain (loss) on loan sales    
Noninterest Income    
Revenue $ 2 $ 2