v3.26.1
Condensed Statements of Operations - USD ($)
1 Months Ended 3 Months Ended 12 Months Ended
Dec. 31, 2024
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
INTEREST AND DIVIDEND INCOME          
General and administrative expenses $ 5,112 $ 426,442 $ 54,616 $ 379,159  
NONINTEREST EXPENSE          
Loss from operations (5,112) (426,442) (54,616) (379,159)  
Other income:          
Net earnings on marketable securities held in Trust Account 1,457,920 4,606,744  
Net earnings on cash equivalents held in Operating Account 7,211 16,940  
NET LOSS $ (5,112) 1,038,689 (54,616) $ 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   226,000 194,000 $ 4,697,000 $ 5,194,000
Federal funds sold   242,000 1,594,000 1,445,000 721,000
Investment securities - taxable   2,220,000 115,000 2,726,000 643,000
Investment securities - tax exempt   1,000 1,000 14,000 35,000
Loans   406,000 126,000 1,047,000 233,000
Dividends and other       2,000
TOTAL INTEREST AND INCOME   3,095,000 2,030,000 9,929,000 6,828,000
INTEREST EXPENSE          
Interest-bearing transaction   151,000 111,000 520,000 140,000
Savings   305,000 260,000 1,133,000 822,000
Time   93,000 28,000 208,000 46,000
TOTAL INTEREST EXPENSE   549,000 399,000 1,861,000 1,008,000
NET INTEREST INCOME   2,546,000 1,631,000 8,068,000 5,820,000
Provision for credit losses   196,000 67,000 371,000 18,000
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES   2,350,000 1,564,000 7,697,000 5,802,000
NONINTEREST INCOME          
Deposit service charges and fees   251,000 115,000 899,000 277,000
Gain on sale of mortgage loans   117,000 92,000 508,000 961,000
Gain on sale of investment securities       132,000
Interchange fees   502,000 347,000 1,693,000 1,499,000
Other   22,000 12,000 65,000 36,000
TOTAL NONINTEREST INCOME   892,000 566,000 3,297,000 2,773,000
NONINTEREST EXPENSE          
Salaries and employee benefits   2,638,000 2,554,000 10,875,000 10,296,000
Stock compensation expense   883,000 275,000 1,099,000 687,000
Occupancy   42,000 53,000 208,000 224,000
Data processing & technology   2,394,000 1,797,000 6,457,000 5,648,000
Interchange   269,000 153,000 843,000 543,000
Insurance   149,000 84,000 389,000 273,000
Marketing and advertising   317,000 295,000 1,328,000 1,142,000
Consultants   98,000 144,000 490,000 1,090,000
Customer care   319,000 190,000 1,312,000 1,046,000
Professional   100,000 15,000 402,000 219,000
Bank director fees   81,000 69,000 308,000 242,000
Holding company director fees   100,000 119,000 488,000 515,000
Miscellaneous   397,000 496,000 1,637,000 1,136,000
TOTAL NONINTEREST EXPENSE   7,787,000 6,244,000 25,836,000 23,061,000
LOSS BEFORE INCOME TAXES   (4,545,000) (4,114,000) (14,842,000) (14,486,000)
Other income:          
Income taxes  
NET LOSS   $ (4,545,000) $ (4,114,000) $ (14,842,000) $ (14,486,000)
Earnings (loss) per share:          
Earnings (loss) per share: Basic   $ (0.10) $ (0.10) $ (0.35) $ (0.36)
Earnings (loss) per share: Diluted   $ (0.10) $ (0.10) $ (0.35) $ (0.36)
Basic - weighted average shares outstanding, Class A ordinary shares   44,264,315 42,068,550 42,705,299 40,365,075
Diluted - weighted average shares outstanding, Class A ordinary shares   44,264,315 42,068,550 42,705,299 40,365,075
Common Class A [Member]          
Earnings (loss) per share:          
Earnings (loss) per share: Basic $ 0.00 $ 0.05 $ 0.25  
Earnings (loss) per share: Diluted $ 0.00 $ 0.05 $ 0.25  
Basic - weighted average shares outstanding, Class A ordinary shares 17,250,000 11,626,027  
Diluted - weighted average shares outstanding, Class A ordinary shares 17,250,000 11,626,027  
Common Class B [Member]          
Earnings (loss) per share:          
Earnings (loss) per share: Basic $ 0.00 $ 0.05 $ (0.01) [1] $ 0.25  
Earnings (loss) per share: Diluted $ (0.00) $ 0.05 $ (0.01) [1] $ 0.25  
Basic - weighted average shares outstanding, Class A ordinary shares 5,000,000 [2] 5,750,000 [3] 5,000,000 [3] 5,505,479 [2]  
Diluted - weighted average shares outstanding, Class A ordinary shares 5,000,000 [2] 5,750,000 [3] 5,000,000 [3] 5,565,068 [2]  
[1] Excludes 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 (see 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.
[2] 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.
[3] The calculation of basic and diluted net income (loss) per ordinary share for the three months ended March 31, 2025 excluded 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 closing of the Initial Public Offering, and the 750,000 Class B ordinary shares were no longer subject to forfeiture.