v3.26.1
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Preferred Stock
Additional Paid -in Capital
Accumulated Deficit
Treasury Stock
Accumulated Other Comprehensive (Loss) Income
Common stock, beginning balance (in shares) at Dec. 31, 2024   3,991,852          
Preferred stock, beginning balance (in shares) at Dec. 31, 2024     0        
Beginning balance at Dec. 31, 2024 $ 4,265 $ 40   $ 107,994 $ (86,909) $ (1,179) $ (15,681)
Comprehensive (loss) income:              
Net income (loss) (7,778)       (7,778)    
Unrealized holding (loss) gain on AFS securities, net of tax 2,246           2,246
Comprehensive loss (5,532)       (7,778)   2,246
Preferred stock issuance (in shares) [1]     5,099,000        
Preferred stock issuance [1] 5,099            
Common stock issuance (in shares)   80,786,875          
Common stock issuance 61,073 $ 808   60,265      
Share-based compensation expense $ 1,296     1,296      
Common stock, ending balance (in shares) at Jun. 30, 2025   85,796,228          
Preferred stock, ending balance (in shares) at Jun. 30, 2025 90,832   5,099,000        
Ending Balance at Jun. 30, 2025 $ 66,201 $ 847   169,555 (94,686) (1,179) (13,435)
Common stock, beginning balance (in shares) at Mar. 31, 2025   73,725,292          
Preferred stock, beginning balance (in shares) at Mar. 31, 2025     5,099,000        
Beginning balance at Mar. 31, 2025 57,146 $ 737   156,407 (89,685) (1,179) (14,232)
Comprehensive (loss) income:              
Net income (loss) (5,001)       (5,001)    
Unrealized holding (loss) gain on AFS securities, net of tax 797           797
Comprehensive loss (4,204)       (5,001)   797
Preferred stock issuance [2] 0            
Common stock issuance (in shares)   11,053,435          
Common stock issuance 12,144 $ 111   12,033      
Share-based compensation expense $ 1,115     1,115      
Common stock, ending balance (in shares) at Jun. 30, 2025   85,796,228          
Preferred stock, ending balance (in shares) at Jun. 30, 2025 90,832   5,099,000        
Ending Balance at Jun. 30, 2025 $ 66,201 $ 847   169,555 (94,686) (1,179) (13,435)
Common stock, beginning balance (in shares) at Dec. 31, 2025 114,996,672 115,070,413          
Beginning balance at Dec. 31, 2025 $ 94,680 $ 1,151   206,446 (99,619) (1,179) (12,119)
Comprehensive (loss) income:              
Net income (loss) (1,612)       (1,612)    
Unrealized holding (loss) gain on AFS securities, net of tax (4,268)           (4,268)
Comprehensive loss (5,880)       (1,612)   (4,268)
Common stock issuance (in shares)   2,666,173          
Common stock issuance 0 $ 27   (27)      
Share-based compensation expense 3,339     3,339      
RSU settlement $ (3,203)     (3,203)      
Common stock, ending balance (in shares) at Jun. 30, 2026 117,662,845 117,736,586          
Preferred stock, ending balance (in shares) at Jun. 30, 2026 90,832            
Ending Balance at Jun. 30, 2026 $ 88,935 $ 1,177   206,557 (101,231) (1,179) (16,388)
Common stock, beginning balance (in shares) at Mar. 31, 2026   117,159,456          
Beginning balance at Mar. 31, 2026 90,207 $ 1,172   205,923 (101,374) (1,179) (14,335)
Comprehensive (loss) income:              
Net income (loss) 143       143    
Unrealized holding (loss) gain on AFS securities, net of tax (2,052)           (2,052)
Comprehensive loss (1,909)       143   (2,052)
Common stock issuance (in shares)   577,130          
Common stock issuance 0 $ 6   (6)      
Share-based compensation expense 1,056     1,056      
RSU settlement $ (419)     (419)      
Common stock, ending balance (in shares) at Jun. 30, 2026 117,662,845 117,736,586          
Preferred stock, ending balance (in shares) at Jun. 30, 2026 90,832            
Ending Balance at Jun. 30, 2026 $ 88,935 $ 1,177   $ 206,557 $ (101,231) $ (1,179) $ (16,388)
[1] 90,832 preferred stock shares issued and outstanding as of June 30, 2025.
[2] 90,832 preferred stock shares issued and outstanding as of June 30, 2025