v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest and dividend income:        
Loans, including fees $ 29,961 $ 28,883 $ 60,275 $ 57,067
Securities 2,877 2,555 5,421 5,206
Other 400 421 1,142 636
Total interest and dividend income 33,238 31,859 66,838 62,909
Interest expense:        
Deposits 6,992 7,242 13,877 14,973
Federal Home Loan Bank advances 1,930 3,647 4,311 7,439
Subordinated debt 352 352 704 667
Total interest expense 9,274 11,241 18,892 23,079
Net interest income 23,964 20,618 47,946 39,830
Credit loss expense - loans 745 1,523 1,604 18,828
Credit loss expense (benefit) - off-balance sheet credit exposures 147 (452) 376 (141)
Total credit loss expense 892 1,071 1,980 18,687
Net interest income, after credit loss expense 23,072 19,547 45,966 21,143
Non-interest income:        
Customer service fees 1,338 884 2,256 1,785
Net loss on sale of securities available for sale   (78)   (619)
Payments processing income 2,592 2,079 4,501 4,271
Income on bank-owned life insurance 379 289 648 568
Mortgage banking income 287 162 550 178
Investment commissions 359 312 715 662
Other 947 1,598 1,518 2,129
Total non-interest income 5,902 5,246 10,188 8,974
Non-interest expense:        
Salaries and employee benefits 9,963 8,909 20,163 20,475
Occupancy and equipment 1,440 2,042 3,267 4,060
Data processing 3,042 2,994 5,933 6,372
Professional fees 1,516 1,088 2,624 1,749
Payments processing 452 932 819 1,975
Deposit insurance 302 780 645 1,412
Advertising 424 310 630 575
Telecommunications 75 96 175 188
Problem loan and foreclosed real estate, net 179 194 377 306
Other general and administrative 2,108 2,418 3,862 4,484
Total non-interest expense 19,501 19,763 38,495 41,596
Income (loss) before income tax expense (benefit) 9,473 5,030 17,659 (11,479)
Income tax expense (benefit) 2,303 1,158 4,494 (3,764)
Net income (loss) $ 7,170 $ 3,872 $ 13,165 $ (7,715)
Earnings per common share:        
Basic $ 0.39   $ 0.71  
Diluted $ 0.39   $ 0.71  
Weighted average common shares outstanding:        
Basic 18,577,444   18,567,462  
Diluted 18,577,444   18,567,462