v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Preferred Stock $1,000 Par
Common Stock $1 Par
Surplus
Retained Earnings
Accumulated Other Comprehensive Income/(Loss)
Beginning balance at Dec. 31, 2023 $ 249,631 $ 33,058 $ 12,475 $ 149,085 $ 67,972 $ (12,959)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 2,310       2,310  
Common stock issued 334   30 304    
Other comprehensive income (loss) 628         628
Preferred stock dividends (582)       (582)  
Cash dividends on common stock (2,001)       (2,001)  
Ending balance at Mar. 31, 2024 250,320 33,058 12,505 149,389 67,699 (12,331)
Beginning balance at Dec. 31, 2023 249,631 33,058 12,475 149,085 67,972 (12,959)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 12,448          
Common stock issued for payment-in-kind 0          
Other comprehensive income (loss) 91          
Preferred stock dividends (2,329)          
Ending balance at Dec. 31, 2024 255,049 33,058 12,505 149,389 72,965 (12,868)
Beginning balance at Mar. 31, 2024 250,320 33,058 12,505 149,389 67,699 (12,331)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 7,201       7,201  
Other comprehensive income (loss) 206         206
Preferred stock dividends (582)       (582)  
Cash dividends on common stock (2,001)       (2,001)  
Ending balance at Jun. 30, 2024 255,144 33,058 12,505 149,389 72,317 (12,125)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 1,927       1,927  
Other comprehensive income (loss) 907         907
Preferred stock dividends (582)       (582)  
Cash dividends on common stock (1,000)       (1,000)  
Ending balance at Sep. 30, 2024 256,396 33,058 12,505 149,389 72,662 (11,218)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 1,010       1,010  
Other comprehensive income (loss) (1,650)         (1,650)
Preferred stock dividends (582)       (582)  
Cash dividends on common stock (125)       (125)  
Ending balance at Dec. 31, 2024 255,049 33,058 12,505 149,389 72,965 (12,868)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (6,166)       (6,166)  
Common stock issued 1,581   186 1,395    
Other comprehensive income (loss) 1,688         1,688
Preferred stock dividends (582)       (582)  
Cash dividends on common stock (125)       (125)  
Ending balance at Mar. 31, 2025 251,445 33,058 12,691 150,784 66,092 (11,180)
Beginning balance at Dec. 31, 2024 255,049 33,058 12,505 149,389 72,965 (12,868)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (56,022)          
Common stock issued for payment-in-kind 2,474          
Other comprehensive income (loss) 5,559          
Preferred stock dividends (2,328)          
Ending balance at Dec. 31, 2025 226,218 33,058 15,793 170,621 14,055 (7,309)
Beginning balance at Mar. 31, 2025 251,445 33,058 12,691 150,784 66,092 (11,180)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (7,303)       (7,303)  
Common stock issued 2,978   359 2,619    
Common Stock issued in subordinated debt conversion 15,000   1,982 13,018    
Common stock issued for payment-in-kind 708   88 620    
Other comprehensive income (loss) 971         971
Preferred stock dividends (582)       (582)  
Cash dividends on common stock (129)       (129)  
Ending balance at Jun. 30, 2025 263,088 33,058 15,120 167,041 58,078 (10,209)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (45,003)       (45,003)  
Common stock issued 987   123 864    
Common stock issued for payment-in-kind 887   110 777    
Other comprehensive income (loss) 1,849         1,849
Preferred stock dividends (582)       (582)  
Cash dividends on common stock (151)       (151)  
Ending balance at Sep. 30, 2025 221,075 33,058 15,353 168,682 12,342 (8,360)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 2,450       2,450  
Common stock issued 1,500   278 1,222    
Common stock issued for payment-in-kind 879   162 717    
Other comprehensive income (loss) 1,051         1,051
Preferred stock dividends (582)       (582)  
Cash dividends on common stock (155)       (155)  
Ending balance at Dec. 31, 2025 $ 226,218 $ 33,058 $ 15,793 $ 170,621 $ 14,055 $ (7,309)