v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Net Interest and Fee Income    
Interest and fee income on loans $ 10,804 $ 10,198
Interest expense:    
Interest related to secured borrowings 1,473 1,297
Interest related to unsecured borrowings 3,599 3,564
Interest expense 5,072 4,861
Net interest and fee income 5,732 5,337
Less: Provision for credit losses 1,066 762
Net interest and fee income after provision for credit losses 4,666 4,575
Non-Interest Income    
Gain on sale of real estate investments 276
Revenue from the sale of land parcels 2,805 2,998
Option fee income 314 816
Other income 249 82
Total non-interest income 3,644 3,896
Income before non-interest expense 8,310 8,471
Non-Interest Expense    
Selling, general and administrative 3,824 3,061
Depreciation and amortization 63 80
Loss on foreclosed assets 205 595
Cost of land parcels sold 2,805 2,998
Total non-interest expense 6,897 6,734
Net income 1,413 1,737
Net income attributable to preferred equity holders 988 702
Net income attributable to common equity holders $ 425 $ 1,035