v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest and Dividend Income    
Interest and fees on loans $ 20,713 $ 19,971
Interest and dividends on securities available for sale:    
Taxable interest income 1,230 695
Interest income exempt from federal income taxes 0 3
Dividends 76 150
Interest on deposits in banks 1,698 2,644
Interest on federal funds sold 109 39
Total interest and dividend income 23,826 23,502
Interest Expense    
Interest on deposits 7,225 8,504
Interest on Federal Home Loan Bank advances 344 1,308
Interest on subordinated debt 354 354
Total interest expense 7,923 10,166
Net Interest Income 15,903 13,336
Provision for credit losses 1,961 1,233
Net interest income after provision for credit losses 13,942 12,103
Noninterest Income    
Wealth management fees 1,782 1,681
Service charges on deposit accounts 556 492
Other service charges and fees 921 972
(Loss) on the sale of bank premises and equipment 0 (16)
(Loss) on the sale of securities 0 (12,425)
Gain on sale of loans [1] 1,012 429
Small Business Investment Company Income [1] 266 20
Bank owned life insurance income 284 273
Other operating income 107 20
Total noninterest income (loss) [1] 4,928 (8,554)
Noninterest Expenses    
Salaries and employee benefits 8,229 7,179
Occupancy expenses 666 662
Equipment expenses 462 423
Advertising and marketing expenses 191 183
Stationery and supplies 46 42
ATM network fees 327 362
Other real estate owned expense (gain), net (5) 0
Loss on the sale of repossessed assets 39 133
FDIC assessment 227 322
Computer software expense 354 282
Bank franchise tax 481 367
Professional fees 604 563
Data processing fees 486 550
Loan servicing expense 269 237
Other operating expenses 1,836 1,284
Total noninterest expenses 14,212 12,589
Income (loss) before income taxes 4,658 (9,040)
Income Tax Expense (Benefit) 918 (2,066)
Net Income (Loss) $ 3,740 $ (6,974)
Earnings (Loss) Per Share    
Net income (loss) per common share, basic $ 0.69 $ (1.53)
Net income (loss) per common share, diluted $ 0.69 $ (1.53)
[1] As reported in the Unaudited Consolidated Statements of Operations.