v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Interest income:    
Loans $ 80,716 $ 70,185
Taxable investment income 14,447 15,122
Non-taxable investment income 143 144
Total interest income 95,306 85,451
Interest expense:    
Deposits 37,047 36,830
Borrowed funds 10,875 11,071
Total interest expense 47,922 47,901
Net interest income 47,384 37,550
Provision for (release of) credit losses 2,123 (1,350)
Net interest income after provision for (release of) credit losses 45,261 38,900
Non-interest income:    
Fees and service charges 1,089 1,203
Gain on sale of loans 0 36
Other income 594 555
Total non-interest income 1,683 1,794
Non-interest expense:    
Compensation and benefits 31,935 29,433
Occupancy and equipment 9,091 8,878
Data processing 5,994 5,648
Advertising 467 292
Professional services 4,421 2,903
Federal deposit insurance 920 855
Other expense 4,141 4,596
Total non-interest expense 56,969 52,605
Loss before income tax expense (10,025) (11,911)
Income tax expense 0 0
Net loss $ (10,025) $ (11,911)
Basic loss per share (in dollars per share) $ (0.51) $ (0.55)
Diluted loss per share (in dollars per share) $ (0.51) $ (0.55)
Weighted average shares outstanding-basic (in shares) 19,646,810 21,477,429
Weighted average shares outstanding-diluted (in shares) 19,646,810 21,477,429