v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Cash Flows from Operating Activities      
Net Income (Loss) $ 3,740 $ (6,974)  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 204 198  
Amortization of other assets 251 245  
Origination of loans held for sale (24,588) (17,432)  
Proceeds from sale of loans held for sale 25,171 17,343  
Net (gain) on sales of loans (1,012) (424)  
Provision for credit losses 1,961 1,233  
(Gain) on the sale of portfolio loans 0 (5)  
Loss on the sale and disposal of premises and equipment 0 16  
Loss on the sale of repossessed assets 39 133  
Loss on the sale of securities 0 12,425  
Amortization of subordinated debt issuance costs 17 17  
Stock-based compensation expense 413 323  
(Accretion) amortization of premiums and discounts on debt securities and loans, net (242) 4  
Bank owned life insurance income (284) (273)  
Changes in assets and liabilities:      
Decrease in other assets 973 2,493  
(Decrease) increase in other liabilities (2,347) (3,522)  
Net cash provided by operating activities 4,296 5,800  
Cash Flows from Investing Activities      
Proceeds from maturities, calls, and principal payments of securities available for sale 13,302 3,277  
Proceeds from the sale of securities available for sale 0 86,822  
Purchases of securities available for sale (9,824) (75,862)  
Proceeds from the sale of restricted investments 1,931 2,628  
Purchases of restricted investments (20) (45)  
Purchases of bank premises and equipment (209) (537)  
Proceeds from the sale of bank premises and equipment 0 37  
Proceeds from the sale of repossessed assets 96 381  
Proceeds from the sale of portfolio loans 0 18,772  
Net decrease (increase) in loans 14,103 (4,752)  
Funding of capital commitments related to other investments (0) (495)  
Net cash provided by investing activities 19,379 30,226  
Cash Flows from Financing Activities      
Net increase in noninterest bearing demand deposits, savings, and interest bearing demand deposits 22,713 33,511  
Net (decrease) increase in time deposits (31,854) 5,124  
Repayments of long-term Federal Home Loan Bank advances (40,000) (55,000)  
Net proceeds from issuance of common stock in public offering 0 53,501  
Repurchase and retirement of common stock (284) (265)  
Cash dividends paid (1,677) (1,110)  
Net cash (used in) provided by financing activities (51,102) 35,761  
(Decrease) increase in cash and cash equivalents (27,427) 71,787  
Cash and Cash Equivalents      
Beginning 217,194 193,159 $ 193,159
Ending 189,767 264,946 $ 217,194
Supplemental Disclosures of Cash Flow Information      
Interest 8,448 10,576  
Income taxes 30 0  
Supplemental Schedule of Noncash Investing and Financing Activities:      
Unrealized (loss) gain on securities available for sale (892) 15,206  
Lease liabilities arising from right-of-use assets $ 0 $ 773