v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Cash and due from banks:    
Noninterest bearing deposits and cash $ 2,533 $ 2,411
Interest bearing deposits 114,359 183,980
Restricted cash 4,617 20,736
Total cash, cash equivalents and restricted cash 121,509 207,127
Available-for-sale securities, at fair value 240,345 224,677
Federal Reserve Bank (FRB) stock, at cost 3,031 2,961
Federal Home Loan Bank (FHLB) stock, at cost 742 679
Loans receivable (net of allowance for credit losses: 2026: $(8,469) and 2025: $(6,839)) 877,440 585,723
Loans held for sale 23,697 24,513
Accrued interest and dividends receivable 6,534 4,869
Premises and equipment, net 28,260 28,116
Core deposit intangible, net 86 109
Other assets 16,072 9,066
Total assets 1,317,716 1,087,840
Deposits:    
Noninterest bearing deposits 150,464 106,766
Interest bearing deposits 1,050,483 859,020
Total deposits 1,200,947 965,786
FHLB, FRB and correspondent bank borrowings 0 0
Subordinated debt, net 8,301 8,289
Junior subordinated debt 8,163 8,157
Advances from borrowers for taxes and insurance 2,211 893
Accrued expenses and other liabilities 9,160 10,035
Total liabilities 1,228,782 993,160
Shareholders' equity    
Common stock 1,177 1,151
Additional paid-in capital 206,557 206,446
Accumulated deficit (101,231) (99,619)
Treasury stock, at cost; 73,741 shares at June 30, 2026 and December 31, 2025 (1,179) (1,179)
Accumulated other comprehensive loss (16,388) (12,119)
Total shareholders' equity 88,935 94,680
Total liabilities and shareholders' equity $ 1,317,716 $ 1,087,840