v3.25.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
INTEREST INCOME        
Interest and fees on loans receivable $ 22,814 $ 23,733 $ 45,045 $ 46,500
Interest on investment securities 3,466 3,949 7,269 7,581
Interest on deposits and other 520 571 1,002 1,216
FHLB dividends 331 358 638 640
Total interest income 27,131 28,611 53,954 55,937
INTEREST EXPENSE        
Deposits 9,552 10,180 19,289 20,292
Borrowings 3,386 4,196 6,625 7,482
Total interest expense 12,938 14,376 25,914 27,774
Net interest income 14,193 14,235 28,040 28,163
(Recapture of) provision for credit losses on loans (296) 8,640 7,474 9,879
(Recapture of) provision for credit losses on unfunded commitments (64) 99 (49) (170)
(Recapture of) provision for credit losses (360) 8,739 7,425 9,709
Net interest income after (recapture of) provision for credit losses 14,553 5,496 20,615 18,454
NONINTEREST INCOME        
Loan and deposit service fees 1,095 1,076 2,201 2,178
Sold loan servicing fees and servicing rights mark-to-market 92 74 287 293
Net gain on sale of loans 44 150 55 202
Net loss on sale of investment securities 0 (2,117) 0 (2,117)
Net gain on sale of premises and equipment 0 7,919 0 7,919
Increase in BOLI cash surrender value 485 293 857 536
Income from BOLI death benefit, net 0 0 1,059 0
Other income (loss) 454 (48) 1,488 524
Total noninterest income 2,170 7,347 5,947 9,535
NONINTEREST EXPENSE        
Compensation and benefits 4,698 8,588 12,413 16,716
Data processing 1,926 2,008 3,937 3,952
Occupancy and equipment 1,507 1,799 3,099 3,039
Supplies, postage, and telephone 346 317 644 610
Regulatory assessments and state taxes 501 457 980 970
Advertising 299 377 564 686
Professional fees 1,449 684 2,226 1,594
FDIC insurance premium 463 473 897 859
Other expense 1,576 906 8,005 1,486
Total noninterest expense 12,765 15,609 32,765 29,912
Income (loss) before provision (benefit) for income taxes 3,958 (2,766) (6,203) (1,923)
Provision (benefit) for income taxes 297 (547) (828) (100)
Net income (loss) $ 3,661 $ (2,219) $ (5,375) $ (1,823)
Basic and diluted earnings (loss) per common share (in dollars per share) $ 0.42 $ (0.25) $ (0.61) $ (0.21)