Condensed Financial Information - Parent Company Only (Tables)

12 Months Ended

Dec. 31, 2025

Condensed Financial Information Disclosure [Abstract]

Schedule Of Condensed Balance Sheets

Balance Sheets

December 31, 2025 and 2024

(dollars in thousands)

	2025			2024
Assets
Cash held in subsidiary bank	$	393		$	1,509
Investment in subsidiary		217,435			146,851
Other assets		928			477
Total assets	$	218,756		$	148,837
Liabilities and Shareholders’ Equity
Subordinated debt	$	29,579		$	29,512
Other liabilities		338			338
Total liabilities	$	29,917		$	29,850
Shareholders’ Equity
Common stock	$	13,264		$	8,714
Surplus		64,720			14,901
Retained earnings		116,115			114,012
Accumulated other comprehensive (loss)		(5,260	)		(18,640	)
Total shareholders’ equity	$	188,839		$	118,987
Total liabilities and shareholders’ equity	$	218,756		$	148,837

Schedule Of Condensed Income Statement

Statements of Income

Years Ended December 31, 2025 and 2024

(dollars in thousands)

	2025			2024
Income
Dividends from subsidiary bank	$	—		$	5,000
Total income	$	—		$	5,000
Expenses
Interest expense on subordinated debt	$	1,417		$	1,417
Other operating expenses		497			432
Total expenses	$	1,914		$	1,849
Income before income (benefit) tax and equity in undistributed earnings of subsidiary bank	$	(1,914	)	$	3,151
Income Tax (Benefit)		(424	)		(361	)
(Loss) income before equity in undistributed earnings of subsidiary bank	$	(1,490	)	$	3,512
Equity in Undistributed Net Income of Subsidiary Bank		9,704			11,831
Net income	$	8,214		$	15,343
Comprehensive income	$	21,594		$	14,709

Schedule Of Condensed Cash Flows Statement

Statements of Cash Flows

Years Ended December 31, 2025 and 2024

(dollars in thousands)

	2025			2024
Cash Flows from Operating Activities
Net Income	$	8,214		$	15,343
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Stock-based compensation expense		1,216			912
Undistributed earnings of subsidiary bank		(9,704	)		(11,831	)
Amortization of debt issuance costs		67			67
Changes in assets and liabilities:
(Increase) decrease in other assets		(451	)		429
Net cash (used in) provided by operating activities	$	(658	)	$	4,920
Cash Flows from Investing Activities
Capital contribution to bank subsidiary	$	(47,500	)	$	—
Net cash (used in) investing activities	$	(47,500	)	$	—
Cash Flows from Financing Activities
Cash dividends paid		(6,111	)		(4,299	)
Net proceeds from issuance of common stock in public offering		53,501			—
Retirement of common stock		(348	)		(237	)
Net cash provided by (used in) financing activities	$	47,042		$	(4,536	)
(Decrease) increase in cash	$	(1,116	)	$	384
Cash
Beginning	$	1,509		$	1,125
Ending	$	393		$	1,509