v3.26.1
CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Interest income:    
Loans, including fees $ 81,244 $ 78,831
Interest-bearing deposits in banks and other 4,550 3,979
Total interest income 85,794 82,810
Interest expense:    
Deposits 37,740 42,872
Borrowings 2,269 1,912
Total interest expense 40,009 44,784
Net interest income 45,785 38,026
Provision for credit losses 24,586 14,726
Net interest income after provision for credit losses 21,199 23,300
Noninterest income:    
Loan servicing income, net 2,769 3,100
Gain on sale of government guaranteed loans, net 11,720 28,252
Service charges and fees 1,867 1,794
Government guaranteed loans fair value gain (loss), net (1,075) 9,843
Government guaranteed loan packaging fees 1,768 4,105
Gain on sale of premises and equipment 0 11,649
Other noninterest income 1,347 1,726
Total noninterest income 18,396 60,469
Noninterest expense:    
Salaries and benefits 28,429 31,063
Bonus, commissions, and incentives 855 4,445
Occupancy and equipment 6,068 4,848
Data processing 7,859 6,745
Marketing and business development 1,433 2,050
Professional services 3,456 3,882
Loan servicing and origination expense 8,001 6,391
Employee recruiting and development 1,653 2,186
Regulatory assessments 1,869 1,249
Restructure charges 7,283 0
Other noninterest expense 3,519 3,923
Total noninterest expense 70,425 66,782
Income (loss) from continuing operations before income taxes (30,830) 16,987
Income tax expense (benefit) from continuing operations (7,893) 4,315
Net income (loss) from continuing operations (22,937) 12,672
Loss from discontinued operations before income taxes 0 (92)
Income tax benefit from discontinued operations 0 (23)
Net loss from discontinued operations 0 (69)
Net income (loss) (22,937) 12,603
Preferred stock dividends 1,541 1,541
Net income available to (loss attributable to) common shareholders $ (24,478) $ 11,062
Basic earnings (loss) per common share:    
Continuing operations (in dollars per share) $ (5.93) $ 2.69
Discontinued operations (in dollars per share) 0 (0.01)
Total basic earnings (loss) per common share (in dollars per share) (5.93) 2.68
Diluted earnings (loss) per common share:    
Continuing operations (in dollars per share) (5.93) 2.64
Discontinued operations (in dollars per share) 0 (0.02)
Total diluted earnings (loss) per common share (in dollars per share) $ (5.93) $ 2.62