Eugene H. Walpole, IV, President and Chief Executive Officer, stated, "We are extremely proud of our performance for both the quarter and the year, generating a return on average assets of 1.39% and 1.38%, respectively, and a return on average equity of 13.28% and 13.55%, respectively. 2025 was a record year for profitability, as we achieved all-time highs in both net income and earnings per share. Our continued focus on the appropriate pricing of assets and liabilities, consistent generation of noninterest income, and disciplined management of overhead was a strategy that yielded tremendous results. We also successfully completed a $2 million stock repurchase program, as we remain committed to deploying capital in a manner that maximizes long-term shareholder value. Most importantly, I would like to thank our dedicated employees for their continued devotion to our bank and customers over the past year."
Selected Condensed Consolidated Financial Data
(Unaudited)
For the Three Months Ended
December 31,2025
September 30,2025
June 30,2025
March 31,2025
December 31,2024
Total Interest and Fee Income
$ 7,139,722
$ 7,317,405
$ 7,202,647
$ 6,737,106
$ 6,818,624
Total Interest Expense
1,207,326
1,303,263
1,304,294
1,325,566
1,406,681
Net Interest Income
5,932,396
6,014,142
5,898,353
5,411,540
5,411,943
Provision for Credit Losses
200,000
250,000
100,000
50,000
25,000
Net Interest Income After Provision for Credit Losses
5,732,396
5,764,142
5,798,353
5,361,540
5,386,943
Total Other Income
