v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (unaudited) - USD ($)
$ in Thousands
Total
Preferred Shares
Common Shares
Additional Paid in Capital
Accumulated Other Comprehensive Income (Loss)
Cumulative Net Earnings
Cumulative Dividends Paid
Preferred stock, beginning balance (in shares) at Dec. 31, 2023   2,029,923          
Beginning balance at Dec. 31, 2023 $ 230,076 $ 2 $ 47 $ 249,826 $ 316 $ 75,089 $ (95,204)
Common stock, beginning balance (in shares) at Dec. 31, 2023     46,765,483        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of Series A Preferred Stock, net of expenses (in shares)   176,205          
Issuance of Series A Preferred Stock, net of expenses 3,616     3,616      
Issuance of Common Shares, net of expenses (in shares)     568,711        
Issuance of Common Shares, net of expenses 2,050   $ 1 2,049      
Stock-based compensation, less shares forfeited (in shares)     212,857        
Stock-based compensation, less shares forfeited 437     437      
Reversal of losses from unrealized to realized (65)       (65)    
Unrealized holding losses on AFS securities (251)       (251)    
Dividends paid on Series A Preferred Stock (2,091)           (2,091)
Dividends paid on Common Shares (5,219)           (5,219)
Net income (loss) 1,615         1,615  
Preferred stock, ending balance (in shares) at Jun. 30, 2024   2,206,128          
Ending balance at Jun. 30, 2024 230,168 $ 2 $ 48 255,928 0 76,704 (102,514)
Common stock, ending balance (in shares) at Jun. 30, 2024     47,547,051        
Preferred stock, beginning balance (in shares) at Mar. 31, 2024   2,108,957          
Beginning balance at Mar. 31, 2024 237,443 $ 2 $ 47 253,670 191 79,760 (96,227)
Common stock, beginning balance (in shares) at Mar. 31, 2024     47,446,051        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of Series A Preferred Stock, net of expenses (in shares)   97,171          
Issuance of Series A Preferred Stock, net of expenses 2,061     2,061      
Stock-based compensation, less shares forfeited (in shares)     101,000        
Stock-based compensation, less shares forfeited 198   $ 1 197      
Reversal of losses from unrealized to realized (65)       (65)    
Unrealized holding losses on AFS securities (126)       (126)    
Dividends paid on Series A Preferred Stock (1,068)           (1,068)
Dividends paid on Common Shares (5,219)           (5,219)
Net income (loss) (3,056)         (3,056)  
Preferred stock, ending balance (in shares) at Jun. 30, 2024   2,206,128          
Ending balance at Jun. 30, 2024 230,168 $ 2 $ 48 255,928 0 76,704 (102,514)
Common stock, ending balance (in shares) at Jun. 30, 2024     47,547,051        
Preferred stock, beginning balance (in shares) at Dec. 31, 2024   2,306,748          
Beginning balance at Dec. 31, 2024 $ 181,651 $ 2 $ 47 256,956 0 35,518 (110,872)
Common stock, beginning balance (in shares) at Dec. 31, 2024 46,965,306   46,965,306        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation, less shares forfeited (in shares)     344,833        
Stock-based compensation, less shares forfeited $ 428     428      
Unrealized holding losses on AFS securities 0            
Dividends paid on Series A Preferred Stock (2,235)           (2,235)
Dividends paid on Common Shares (4,728)           (4,728)
Net income (loss) 2,791         2,791  
Preferred stock, ending balance (in shares) at Jun. 30, 2025   2,306,748          
Ending balance at Jun. 30, 2025 $ 177,907 $ 2 $ 47 257,384 0 38,309 (117,835)
Common stock, ending balance (in shares) at Jun. 30, 2025 47,310,139   47,310,139        
Preferred stock, beginning balance (in shares) at Mar. 31, 2025   2,306,748          
Beginning balance at Mar. 31, 2025 $ 179,339 $ 2 $ 47 257,220 0 36,422 (114,352)
Common stock, beginning balance (in shares) at Mar. 31, 2025     47,310,139        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation, less shares forfeited 164     164      
Unrealized holding losses on AFS securities 0            
Dividends paid on Series A Preferred Stock (1,118)           (1,118)
Dividends paid on Common Shares (2,365)           (2,365)
Net income (loss) 1,887         1,887  
Preferred stock, ending balance (in shares) at Jun. 30, 2025   2,306,748          
Ending balance at Jun. 30, 2025 $ 177,907 $ 2 $ 47 $ 257,384 $ 0 $ 38,309 $ (117,835)
Common stock, ending balance (in shares) at Jun. 30, 2025 47,310,139   47,310,139