v3.26.3
Income Taxes (Tables)
9 Months Ended
Sep. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of Income Tax (Benefit) Expense
The income tax (benefit) expense for the three and nine months ended September 30, 2026 and 2025, respectively, is comprised of the following components (dollar amounts in thousands):

For the Three Months Ended September 30,For the Nine Months Ended September 30,
2026202520262025
Current income tax expense (benefit)$19 $(308)$177 $178 
Deferred income tax (benefit) expense(41)10 (27)11 
Total income tax (benefit) expense$(22)$(298)$150 $189 
Schedule of Deferred Tax Assets and Liabilities
The major sources of temporary differences included in the deferred tax assets (liabilities) and their deferred tax effect as of September 30, 2026 and December 31, 2025, respectively, are as follows (dollar amounts in thousands):

September 30, 2026December 31, 2025
Deferred tax assets
Net operating loss carryforward$22,433 $11,252 
Capital loss carryover15,902 21,676 
GAAP/Tax differences
17,804 7,695 
Deferred tax assets
56,139 40,623 
Less: Valuation allowance
(29,886)(26,182)
Net deferred tax assets (1)
26,253 14,441 
Deferred tax liabilities
GAAP/Tax differences
24,547 12,761 
Deferred tax liabilities (2)
24,547 12,761 
Total net deferred tax asset$1,706 $1,680 

(1)Included in other assets in the accompanying condensed consolidated balance sheets.
(2)Included in other liabilities in the accompanying condensed consolidated balance sheets.