v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (unaudited) - USD ($)
$ in Thousands
Total
Preferred Stock $1,000 Par
Common Stock $1 Par
Surplus
Retained Earnings
Accumulated Other Comprehensive Income/(Loss)
Beginning balance at Dec. 31, 2024 $ 255,049 $ 33,058 $ 12,505 $ 149,389 $ 72,965 $ (12,868)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (6,166)       (6,166)  
Common Stock issued in private placement 1,581   186 1,395    
Other comprehensive (loss) income 1,688         1,688
Preferred stock dividends (582)       (582)  
Cash dividends on common stock (125)       (125)  
Ending balance at Mar. 31, 2025 251,445 33,058 12,691 150,784 66,092 (11,180)
Beginning balance at Dec. 31, 2024 255,049 33,058 12,505 149,389 72,965 (12,868)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (13,469)          
Common Stock issued as payment-in-kind 708          
Other comprehensive (loss) income 2,659          
Preferred stock dividends (1,164)          
Ending balance at Jun. 30, 2025 263,088 33,058 15,120 167,041 58,078 (10,209)
Beginning balance at Mar. 31, 2025 251,445 33,058 12,691 150,784 66,092 (11,180)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (7,303)       (7,303)  
Common Stock issued in private placement 2,978   359 2,619    
Common Stock issued in subordinated debt conversion 15,000   1,982 13,018    
Common Stock issued as payment-in-kind 708   88 620    
Other comprehensive (loss) income 971         971
Preferred stock dividends (582)       (582)  
Cash dividends on common stock (129)       (129)  
Ending balance at Jun. 30, 2025 263,088 33,058 15,120 167,041 58,078 (10,209)
Beginning balance at Dec. 31, 2025 226,218 33,058 15,793 170,621 14,055 (7,309)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 2,743       2,743  
Common Stock issued in private placement 1,000   129 871    
Common Stock issued as payment-in-kind 823   106 717    
Other comprehensive (loss) income (6,054)         (6,054)
Preferred stock dividends (582)       (582)  
Cash dividends on common stock (158)       (158)  
Ending balance at Mar. 31, 2026 223,990 33,058 16,028 172,209 16,058 (13,363)
Beginning balance at Dec. 31, 2025 226,218 33,058 15,793 170,621 14,055 (7,309)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 6,174          
Common Stock issued as payment-in-kind 1,617          
Other comprehensive (loss) income (10,172)          
Preferred stock dividends (1,164)          
Ending balance at Jun. 30, 2026 227,350 33,058 16,539 176,492 18,742 (17,481)
Beginning balance at Mar. 31, 2026 223,990 33,058 16,028 172,209 16,058 (13,363)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 3,431       3,431  
Common Stock issued in private placement 4,000   436 3,564    
Common Stock issued as payment-in-kind 794   75 719    
Other comprehensive (loss) income (4,118)         (4,118)
Preferred stock dividends (582)       (582)  
Cash dividends on common stock (165)       (165)  
Ending balance at Jun. 30, 2026 $ 227,350 $ 33,058 $ 16,539 $ 176,492 $ 18,742 $ (17,481)