v3.26.1
Interim Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest Income        
Interest and fee income on loans $ 3,825 $ 2,536 $ 6,963 $ 4,965
Interest expense:        
Interest related to secured borrowings 600 327 1,039 611
Interest related to unsecured borrowings 1,041 894 2,016 1,790
Interest expense 1,641 1,221 3,055 2,401
Net interest and fee income 2,184 1,315 3,908 2,564
Less: Provision for (recovery of) credit losses 744 (13) 994 120
Net interest and fee income after provision for credit losses 1,440 1,328 2,914 2,444
Non-Interest Income        
Revenue from the sale of land parcels 968 2,805
Option fee income 120 274
Other income 55 54 142 101
Total non-interest income 55 1,142 142 3,180
Income before non-interest expense 1,495 2,470 3,056 5,624
Non-Interest Expense        
Cost on land parcels sold 968 2,805
Selling, general and administrative 933 957 1,990 1,894
Depreciation and amortization 7 20 15 40
Loss on real estate investments 3
Loss on foreclosed assets 75 4 81 19
Total non-interest expense 1,015 1,949 2,089 4,758
Net Income 480 521 967 866
Net income attributable to preferred equity holders 275 265 547 457
Net Income attributable to common equity holders $ 205 $ 256 $ 420 $ 409