Overview
- The company posted fourth-quarter 2025 net income of $1.78 million, or $0.45 per share, down from $1.88 million, or $0.47, a year earlier.
- Return on equity was 12.64% for the quarter compared with 14.73% in the prior-year period.
- Net interest income rose 6.5% year over year, driven by a $516,000 drop in interest expense that more than offset lower interest income.
- Total assets stood at $554 million on December 31, 2025, with deposits down $27 million as reduced brokered balances were replaced by Federal Home Loan Bank borrowings.
- Loans fell $24 million, or 6.1%, with loan quality strong at a 0.17% non‑performing assets ratio, capital ratios improved, and the quarterly dividend held at $0.14 per share.