v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Interest and dividend income:    
Loans, including fees $ 117,542 $ 111,536
Securities 10,304 10,249
Other 2,736 1,948
Total interest and dividend income 130,582 123,733
Interest expense:    
Deposits 29,552 32,870
Federal Home Loan Bank advances 13,116 16,343
Subordinated debt 1,373 1,260
Total interest expense 44,041 50,473
Net interest income 86,541 73,260
Credit loss expense - loans 21,748 2,103
Credit loss reversal - off-balance sheet credit exposures (305) (324)
Net interest income, after credit loss expense (reversal) 65,098 71,481
Non-interest income:    
Customer service fees 3,570 3,637
Net loss on sale of securities available for sale (837) (4,234)
Net recognized gain on equity securities   2,597
Payment processing income 7,849 7,489
Income on bank-owned life insurance 1,134 927
Mortgage banking income 402 1,568
Investment commissions 1,400 1,393
Other 3,506 3,642
Total non-interest income 17,024 17,019
Non-interest expense:    
Salaries and employee benefits 39,724 34,721
Occupancy and equipment 6,342 8,319
Data processing 13,183 10,123
Professional fees 3,356 2,288
Payment processing 2,863 4,230
Deposit insurance 2,281 2,481
Advertising 1,427 1,432
Telecommunications 360 383
Problem loan and foreclosed real estate, net 731 349
Charitable contribution expense 10,000  
Other general and administrative 7,538 8,771
Total non-interest expense 87,805 73,097
(Loss) income before income tax (benefit) expense (5,683) 15,403
Income tax (benefit) expense (2,394) 3,919
Net (loss) income $ (3,289) $ 11,484
Loss per common share:    
Basic $ (0.18)  
Diluted $ (0.18)  
Weighted average common shares outstanding:    
Basic 18,530,509  
Diluted 18,530,509