PARENT COMPANY FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2025

PARENT COMPANY FINANCIAL INFORMATION

Schedule of parent company information of balance sheets

BALANCE SHEETS

	AT DECEMBER 31,
	2025		2024
	(IN THOUSANDS)
ASSETS
Cash	$	113	$	10
Short-term investments		1,521		2,673
Cash and cash equivalents		1,634		2,683
Investment securities available for sale		3,787		4,153
Equity investment in banking subsidiary		141,452		127,905
Other assets		470		745
TOTAL ASSETS	$	147,343	$	135,486
LIABILITIES
Subordinated debt	$	26,767	$	26,726
Other liabilities		1,264		1,512
TOTAL LIABILITIES		28,031		28,238
SHAREHOLDERS’ EQUITY
Total shareholders’ equity		119,312		107,248
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	147,343	$	135,486

Schedule of parent company information of statements of operations

STATEMENTS OF OPERATIONS

	YEAR ENDED DECEMBER 31,
	2025		2024
	(IN THOUSANDS)
INCOME
Inter-entity management and other fees	$	2,747	$	2,745
Dividends from banking subsidiary		2,700		5,500
Interest, dividend and other income		175		227
TOTAL INCOME		5,622		8,472
EXPENSE
Interest expense		1,065		1,054
Salaries and employee benefits		2,893		2,831
Other expense		2,777		3,492
TOTAL EXPENSE		6,735		7,377
(LOSS) INCOME BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARY		(1,113)		1,095
Benefit for income taxes		(785)		(925)
Equity in undistributed earnings of subsidiary		5,940		1,581
NET INCOME	$	5,612	$	3,601
COMPREHENSIVE INCOME	$	13,346	$	8,494

Schedule of parent company information of statements of cash flows

STATEMENTS OF CASH FLOWS

	YEAR ENDED DECEMBER 31,
	2025		2024
	(IN THOUSANDS)
OPERATING ACTIVITIES
Net income	$	5,612	$	3,601
Adjustments to reconcile net income to net cash provided by operating activities:
Common stock issuable		691		—
Equity in undistributed earnings of subsidiary		(5,940)		(1,581)
Stock compensation expense		—		8
Other – net		36		196
NET CASH PROVIDED BY OPERATING ACTIVITIES		399		2,224
INVESTING ACTIVITIES
Purchase of investment securities – available for sale		(296)		(968)
Proceeds from maturity and sales of investment securities – available for sale		821		1,305
NET CASH PROVIDED BY INVESTING ACTIVITIES		525		337
FINANCING ACTIVITIES
Stock options exercised		9		—
Purchases of treasury stock		—		(1,511)
Common stock dividends paid		(1,982)		(2,020)
NET CASH USED IN FINANCING ACTIVITIES		(1,973)		(3,531)
NET DECREASE IN CASH AND CASH EQUIVALENTS		(1,049)		(970)
CASH AND CASH EQUIVALENTS AT JANUARY 1		2,683		3,653
CASH AND CASH EQUIVALENTS AT DECEMBER 31	$	1,634	$	2,683