Q2 2026 net income +9.5% to $2.1M as NIM expands 17bp, but nonaccrual loans triple

Filed August 12, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 14, 2025 · ~2 min read

Key Changes

• high

  Nonaccrual loans tripled from $1.8M to $6.4M year-over-year, driven by one $4.2M commercial relationship that went nonaccrual in Q1 2026. Nonaccrual and 30+ day delinquent loans now total $6.9M (1.4% of gross loans).

  Notes: Nonaccrual Loans verify on EDGAR →
• high

  Net interest margin expanded 17 basis points to 3.82% for the first six months of 2026, as interest expense fell $380,000 (5.1%) year-over-year despite $44M deposit growth. A $20M FHLB advance at 4.39% matured, and lower-cost deposits grew in line with time deposits.

  MD&A: Net Interest Margin verify on EDGAR →
• high

  Noninterest expense rose $591,000 (10.1%) in Q2 2026, driven by the Wheeling, WV branch (opened Dec 2025) adding $132,000 in occupancy costs, $320,000 in salaries/benefits, and $118,000 in data processing for digital transformation.

  MD&A: Noninterest Expense verify on EDGAR →