v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Realized Investment Gains (Losses)     $ (2,046) $ 0
Gain (Loss) on Investments $ 0   2,046  
Noncontrolling Interest in Net Income (Loss) Other Noncontrolling Interests, Nonredeemable 8 $ 12 8 11
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 1,519 1,019 2,301 1,497
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 1,527 1,031 2,309 1,508
REVENUES:        
Other Revenue, Net 599 96 938 188
Total revenues 25,343 23,120 50,309 46,372
EXPENSES:        
Employee compensation and benefits 14,189 13,472 31,359 27,973
Sales and marketing 643 657 1,303 1,417
Westwood funds 1,082 957 1,946 1,854
Information technology 2,742 2,704 5,378 5,371
Professional services 1,812 1,486 3,958 3,099
General and administrative 2,811 2,976 5,797 5,858
Total expenses 23,279 22,252 49,741 45,572
Operating Income (Loss) 2,064 868 568 800
Net change in unrealized depreciation on private investments 0 0 (15) 0
Gain on sale of operations     559 726
Other Income (78) 257 (78) 534
Income before income taxes 2,252 1,468 3,080 2,060
Provision for income taxes 725 437 771 552
Other comprehensive income (loss):        
Total comprehensive income $ 1,519 $ 1,019 $ 2,301 $ 1,497
Earnings per share:        
Basic (dollars per share) $ 0.18 $ 0.12 $ 0.27 $ 0.18
Diluted (dollars per share) $ 0.17 $ 0.12 $ 0.25 $ 0.17
Weighted average shares outstanding:        
Basic (shares) 8,644,321 8,404,859 8,571,739 8,329,803
Diluted (shares) 9,079,971 8,813,606 9,061,350 8,798,092
Investment Income, Investment Expense     $ 266 $ 343
Asset Management [Member]        
Revenue from Contract with Customer, Including Assessed Tax $ 19,372 $ 17,955 38,681 35,686
Fiduciary and Trust [Member]        
Revenue from Contract with Customer, Including Assessed Tax $ 5,372 $ 5,069 $ 10,690 $ 10,498