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Consolidated Statements of Operations - 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        
Interest and fees on loans $ 14,341 $ 13,202 $ 27,965 $ 25,543
Interest and dividends on investment securities 2,391 2,348 4,688 4,648
Interest on deposits in other banks 807 336 1,804 941
Total interest and dividend income 17,539 15,886 34,457 31,132
Interest expense        
Deposits 3,733 2,785 7,126 5,280
Borrowed funds 616 2,163 1,340 4,034
Total interest expense 4,349 4,948 8,466 9,314
Net interest income 13,190 10,938 25,991 21,818
Provision (benefit) for credit losses 453 275 838 520
Net interest income after provision (benefit) for credit losses 12,737 10,663 25,153 21,298
Non-interest income        
Service charges and fee income from deposit accounts 613 788 1,267 1,521
Gain on sales of mortgage loans 3,953 3,459 7,293 6,766
Gain (loss) on sales, disposal, or impairment of assets (88) 0 (88) 0
Gain (loss) on sales of available for sale securities 108 219 163 308
Gain on sales of mortgage servicing rights 0 2,251 0 2,251
Other non-interest income 335 544 688 1,128
Total non-interest income 4,921 7,261 9,323 11,974
Non-interest expenses        
Salaries and employee benefits 9,938 10,387 19,495 20,470
Occupancy and equipment 2,102 2,049 4,104 4,078
Directors' fees 183 143 364 304
Data processing 1,330 1,329 2,640 2,699
Advertising and marketing 345 691 555 1,228
Mortgage servicing rights amortization 103 145 194 304
Hedging activity, net 241 (38) 671 (131)
Goodwill impairment   0 0 0
Other general and administrative 2,318 2,126 4,477 4,265
Total non-interest expenses 16,560 16,832 32,500 33,217
Income (loss) before income taxes 1,098 1,092 1,976 55
Income tax expense (benefit) 219 243 392 13
Net income (loss) $ 879 $ 849 $ 1,584 $ 42
Earnings (losses) per share basic $ 0.05 $ 0 $ 0.09 $ 0
Earnings (losses) per share diluted $ 0.05 $ 0 $ 0.09 $ 0
Weighted average shares outstanding, basic 18,329,850 0 18,321,959 0
Weighted average shares outstanding, diluted 18,329,850 0 18,321,959 0