v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income:    
Loans, including fees $ 15,930 $ 19,751
Interest-bearing deposits in banks and other 1,509 934
Total interest income 17,439 20,685
Interest expense:    
Deposits 7,893 9,431
Borrowings 97 255
Total interest expense 7,990 9,686
Net interest income 9,449 10,999
Provision for credit losses 3,078 4,400
Net interest income after provision for credit losses 6,371 6,599
Noninterest income:    
Loan servicing income, net 770 736
Gain (loss) on sale of government guaranteed loans, net (97) 7,327
Service charges and fees 490 449
Government guaranteed loans fair value loss, net (533) (755)
Government guaranteed loan packaging fees 0 716
Gain on sale of premises and equipment 13 0
Other noninterest income 241 278
Total noninterest income 884 8,751
Noninterest expense:    
Salaries and benefits 5,069 7,998
Bonus, commissions, and incentives 290 71
Occupancy and equipment 1,368 1,634
Data processing 1,489 2,045
Marketing and business development 123 487
Professional services 1,164 732
Loan servicing and origination expense 3,836 1,035
Employee recruiting and development 202 617
Regulatory assessments 578 339
Other noninterest expense 767 855
Total noninterest expense 14,886 15,813
Loss before income taxes (7,631) (463)
Income tax benefit (1,951) (128)
Net loss (5,680) (335)
Preferred stock dividends 385 385
Net loss attributable to common shareholders $ (6,065) $ (720)
Basic loss per common share (in dollars per share) $ (1.48) $ (0.17)
Diluted loss per common share (in dollars per share) $ (1.48) $ (0.17)