v3.26.1
Statements of Operations - USD ($)
1 Months Ended 12 Months Ended
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
INTEREST AND DIVIDEND INCOME      
General and administrative expenses $ 5,112 $ 379,159  
NONINTEREST EXPENSE      
Loss from operations (5,112) (379,159)  
Other income:      
Net earnings on marketable securities held in Trust Account 4,606,744  
Net earnings on cash equivalents held in Operating Account 16,940  
NET INCOME (LOSS) $ (5,112) $ 4,244,525  
Earnings (loss) per share:      
Earnings (loss) per share: Basic   $ (0.35) $ (0.36)
Earnings (loss) per share: Diluted   $ (0.35) $ (0.36)
Old Glory Holding Co [Member]      
INTEREST AND DIVIDEND INCOME      
Interest-bearing deposits in banks   $ 4,697,000 $ 5,194,000
Federal funds sold   1,445,000 721,000
Investment securities - taxable   2,726,000 643,000
Investment securities - tax exempt   14,000 35,000
Loans   1,047,000 233,000
Dividends and other   2,000
TOTAL INTEREST AND DIVIDEND INCOME   9,929,000 6,828,000
INTEREST EXPENSE      
Interest-bearing transaction   520,000 140,000
Savings   1,133,000 822,000
Time   208,000 46,000
TOTAL INTEREST EXPENSE   1,861,000 1,008,000
NET INTEREST INCOME   8,068,000 5,820,000
Provision for credit losses   371,000 18,000
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES   7,697,000 5,802,000
NONINTEREST INCOME      
Service charges, fees and other   899,000 277,000
Gain on sale of mortgage loans   508,000 961,000
Gain on sale of investment securities   132,000
Interchange fees   1,693,000 1,499,000
Other   65,000 36,000
TOTAL NONINTEREST INCOME   3,297,000 2,773,000
NONINTEREST EXPENSE      
Salaries and employee benefits   10,875,000 10,296,000
Stock compensation expense   1,099,000 687,000
Occupancy   208,000 224,000
Data processing & technology   6,457,000 5,648,000
Interchange   843,000 543,000
Insurance   389,000 273,000
Marketing and advertising   1,328,000 1,142,000
Consultants   490,000 1,090,000
Customer care   1,312,000 1,046,000
Professional   402,000 219,000
Bank director fees   308,000 242,000
Holding company director fees   488,000 515,000
Miscellaneous   1,637,000 1,136,000
TOTAL NONINTEREST EXPENSE   25,836,000 23,061,000
LOSS BEFORE INCOME TAXES   (14,842,000) (14,486,000)
Other income:      
Income taxes  
NET INCOME (LOSS)   $ (14,842,000) $ (14,486,000)
Earnings (loss) per share:      
Earnings (loss) per share: Basic   $ (0.35) $ (0.36)
Earnings (loss) per share: Diluted   $ (0.35) $ (0.36)
Basic weighted average shares outstanding, Class B ordinary shares   42,705,299 40,365,075
Diluted weighted average shares outstanding, Class B ordinary shares   42,705,299 40,365,075
Common Class A [Member]      
Earnings (loss) per share:      
Earnings (loss) per share: Basic $ 0.00 $ 0.25  
Earnings (loss) per share: Diluted $ 0.00 $ 0.25  
Basic weighted average shares outstanding, Class B ordinary shares 11,626,027  
Diluted weighted average shares outstanding, Class B ordinary shares 11,626,027  
Common Class B [Member]      
Earnings (loss) per share:      
Earnings (loss) per share: Basic $ 0.00 $ 0.25  
Earnings (loss) per share: Diluted $ (0.00) $ 0.25  
Basic weighted average shares outstanding, Class B ordinary shares [1] 5,000,000 5,505,479  
Diluted weighted average shares outstanding, Class B ordinary shares [1] 5,000,000 5,565,068  
[1] The calculation of basic and diluted net income (loss) per ordinary share for the year ended December 31, 2025 and for the period from December 9, 2024 (inception) through December 31, 2024 excluded up to 750,000 Class B ordinary shares that were subject to forfeiture if the over-allotment option was not exercised in full or in part by the Underwriters (Note 6). On April 30, 2025, the Underwriters’ over-allotment option was exercised in full simultaneously with the Initial Public Offering, and the 750,000 Class B ordinary shares were no longer subject to forfeiture.