v3.26.1
CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest Income:        
Loans (including fees) $ 33,090 $ 41,013 $ 66,369 $ 83,982
Deposits with other banks 6,073 7,511 14,710 13,510
Securities (including FHLB stock) 12,118 5,797 22,477 11,292
Total Interest Income 51,281 54,321 103,556 108,784
Interest Expense:        
Demand deposits 8,241 12,708 17,851 24,912
Savings deposits 963 1,336 1,909 2,598
Time deposits 17,395 15,196 35,994 31,086
Borrowings 2,404 2,841 4,835 5,725
Total Interest Expense 29,003 32,081 60,589 64,321
Net Interest Income 22,278 22,240 42,967 44,463
Less: Provision for credit losses 2,625 16,610 5,250 31,158
Net Interest Income after Provision for Credit Losses 19,653 5,630 37,717 13,305
Noninterest Income:        
Service charges, commissions and fees 736 834 1,494 1,683
ATM and debit card fees 655 778 1,297 1,525
Net gains on securities 0 0 1 0
Net gains on sale of assets 0 0 44 4
Other 508 544 1,271 1,298
Total Noninterest Income 1,899 2,156 4,107 4,510
Noninterest Expense:        
Salaries and employee benefits 7,029 7,843 14,381 16,284
Occupancy and equipment expense 2,361 2,605 4,825 5,245
Other 7,818 6,819 14,731 13,755
Total Noninterest Expense 17,208 17,267 33,937 35,284
Income (Loss) Before Income Taxes 4,344 (9,481) 7,887 (17,469)
Provision (benefit) for income taxes 913 (2,178) 1,713 (4,000)
Net Income (Loss) 3,431 (7,303) 6,174 (13,469)
Less: Preferred stock dividends 582 582 1,164 1,164
Net Income (Loss) Available to Common Shareholders $ 2,849 $ (7,885) $ 5,010 $ (14,633)
Per Common Share:        
Earnings (Loss) (in dollars per share) $ 0.17 $ (0.61) $ 0.31 $ (1.15)
Cash dividends paid (in dollars per share) $ 0.01 $ 0.01 $ 0.02 $ 0.02
Weighted Average Common Shares Outstanding (in shares) 16,326,060 12,910,785 16,062,514 12,709,905