Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2024

Quarterly Results of Operations (Unaudited)

Quarterly Results of Operations (Unaudited)

Note 19. Quarterly Results of Operations (Unaudited)

The following is a summary of consolidated unaudited quarterly results of operations:

__________________________________________2024__________________________________

(dollars in thousands,	Three months ended
except per share amounts)	December 31,		September 30,		June 30,		March 31,
Interest income	$	3,955	$	3,959	$	3,893	$	3,405
Interest expense		1,192		1,138		1,108		833
Net interest income		2,763		2,821		2,785		2,572
Provision for credit losses		71		79		525		169
(Loss) income before income taxes		(95)		79		(392)		(229)
Net (loss) income		(40)		129		(204)		3
Net (loss) income per share (basic and diluted)	$	(0.02)	$	0.04	$	(0.07)	$	—

__________________________________________2023__________________________________

(dollars in thousands,	Three months ended
except per share amounts)	December 31,		September 30,		June 30,		March 31,
Interest income	$	3,435	$	3,350	$	3,267	$	3,285
Interest expense		544		398		153		107
Net interest income		2,891		2,952		3,114		3,178
Provision for credit losses		103		(92)		127		(42)
Income before income taxes		140		539		301		521
Net income		167		552		275		435
Net income per share (basic and diluted)	$	0.06	$	0.19	$	0.10	$	0.15