v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
INTEREST INCOME    
Interest and fees on loans $ 25,709 $ 31,154
Interest on securities, deposit accounts, and federal funds sold 3,680 4,196
Total interest income 29,389 35,350
INTEREST EXPENSE    
Interest on deposits 10,760 14,192
Interest on subordinated notes 291 736
Interest on FHLB borrowings 1,432 1,432
Total interest expense 12,483 16,360
Net interest income 16,906 18,990
Recovery of credit losses - loans (600) 0
Total recovery of credit losses (600) 0
Net interest income after recovery of credit losses 17,506 18,990
NONINTEREST INCOME    
Service charges on deposit accounts 632 457
Bank and purchase card interchange income, net 545 567
Wealth and trust management fees 464 454
Residential mortgage banking income 0 724
Fair value adjustments of other equity investments 66 (73)
Other 641 943
Total noninterest income 2,348 3,072
NONINTEREST EXPENSE    
Salaries and employee benefits 11,057 12,610
Occupancy and equipment 1,239 1,381
Technology and communication 1,987 2,784
Legal and regulatory filings 582 439
Advertising and marketing 765 191
Audit fees 255 578
FDIC insurance 420 1,097
Intangible amortization 202 244
Other contractual services 202 595
Other taxes and assessments 828 921
Other 1,204 2,111
Total noninterest expense 18,741 22,951
Income (loss) before income tax expense 1,113 (889)
Income tax expense (benefit) 277 (455)
Net income (loss) $ 836 $ (434)
Basic earnings (loss) per common share $ 0.01 $ (0.01)
Diluted earnings (loss) per common share $ 0.01 $ (0.01)