v3.25.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
NET INTEREST INCOME    
Interest and fees on loans $ 121,413 $ 142,339
Interest on securities, deposit accounts, and federal funds sold 16,360 17,981
Total interest income 137,773 160,320
INTEREST EXPENSE    
Interest on deposits 51,092 69,070
Interest on subordinated notes 2,014 2,414
Interest on FHLB and FRB borrowings 5,806 10,175
Total interest expense 58,912 81,659
Net interest income 78,861 78,661
Recovery of credit losses - loans (3,900) (2,900)
Recovery of credit losses - unfunded commitments (100) (2,200)
Total recovery of credit losses (4,000) (5,100)
Net interest income after recovery of credit losses 82,861 83,761
NONINTEREST INCOME    
Service charges on deposit accounts 2,573 1,526
Bank and purchase card interchange income, net 2,259 2,060
Wealth and trust management fees 1,882 2,434
Swap transaction fees 540 0
Increase in cash surrender value of bank owned life insurance 33 855
Residential mortgage banking income 860 9,752
Mortgage servicing rights ("MSRs") (385) 629
Income (loss) on sale of MSRs 1,427 (3,607)
Loss on sale of securities available for sale 0 (67)
Fair value adjustments of other equity investments (112) (8,152)
Other 3,759 8,143
Total noninterest income 12,836 13,573
NONINTEREST EXPENSE    
Salaries and employee benefits 46,174 58,161
Occupancy and equipment 4,919 5,577
Technology and communications 9,740 10,024
Legal and regulatory filings 2,398 2,050
Advertising and marketing 1,203 933
Audit fees 1,413 3,019
FDIC insurance 2,784 5,463
Intangible amortization 914 1,083
Other contractual services 1,895 6,576
Other taxes and assessments 3,678 3,037
Regulatory remediation 0 4,671
Other 6,804 13,247
Total noninterest expense 81,922 113,841
Income (loss) before income tax expense 13,775 (16,507)
Income tax expense (benefit) 3,066 (1,122)
Net income (loss) $ 10,709 $ (15,385)
Basic earnings (loss) per common share $ 0.12 $ (0.31)
Diluted earnings (loss) per common share $ 0.11 $ (0.31)