v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Interest Income:    
Loans (including fees) $ 158,607,000 $ 190,382,000
Deposits with other banks 29,643,000 17,399,000
Securities (including FHLB stock) 25,029,000 13,925,000
Total Interest Income 213,279,000 221,706,000
Interest Expense:    
Demand deposits 49,590,000 65,331,000
Savings deposits 4,629,000 5,173,000
Time deposits 61,287,000 49,166,000
Borrowings 10,831,000 13,598,000
Total Interest Expense 126,337,000 133,268,000
Net Interest Income 86,942,000 88,438,000
Less: Provision for credit losses 81,729,000 20,034,000
Net Interest Income after Provision for Credit Losses 5,213,000 68,404,000
Noninterest Income:    
Service charges, commissions and fees 3,287,000 3,189,000
ATM and debit card fees 2,961,000 3,132,000
Net gains on sale of loans 0 1,481,000
Net (losses) gains on sale of assets (524,000) 13,306,000
Other 2,752,000 3,631,000
Total Noninterest Income 8,476,000 24,739,000
Noninterest Expense:    
Salaries and employee benefits 30,470,000 38,304,000
Occupancy and equipment expense 10,282,000 10,187,000
Goodwill impairment 12,900,000 0
Other 28,597,000 28,646,000
Total Noninterest Expense 82,249,000 77,137,000
(Loss) Income Before Income Taxes (68,560,000) 16,006,000
(Benefit) Provision for income taxes (12,538,000) 3,558,000
Net (Loss) Income (56,022,000) 12,448,000
Less: Preferred stock dividends 2,328,000 2,329,000
Net (Loss) Income Available to Common Shareholders $ (58,350,000) $ 10,119,000
Per Common Share:    
Earnings (in dollars per share) $ (4.17) $ 0.81
Cash dividends paid (in dollars per share) $ 0.04 $ 0.41
Weighted Average Common Shares Outstanding (in shares) 13,985,460 12,501,035