v3.26.3
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
INTEREST INCOME        
Interest and fees on loans receivable $ 21,815 $ 22,814 $ 65,812 $ 67,859
Interest on investment securities 3,067 3,244 8,375 10,513
Interest on deposits in banks and other 464 570 1,384 1,572
FHLB dividends 243 282 807 920
Total interest income 25,589 26,910 76,378 80,864
INTEREST EXPENSE        
Deposits 8,493 9,083 24,456 28,372
Borrowings 2,778 3,258 8,991 9,883
Total interest expense 11,271 12,341 33,447 38,255
Net interest income 14,318 14,569 42,931 42,609
Provision for (recapture of) credit losses on loans 532 (620) 182 6,854
Provision for (recapture of) credit losses on unfunded commitments 207 (53) 95 (102)
Provision for (recapture of) credit losses 739 (673) 277 6,752
Net interest income after provision for (recapture of) credit losses 13,579 15,242 42,654 35,857
NONINTEREST INCOME        
Loan and deposit service fees 1,150 1,114 3,379 3,315
Sold loan servicing fees and servicing rights mark-to-market (47) 85 242 372
Net gain (loss) on sale of loans 40 (39) 189 16
Increase in BOLI cash surrender value 457 539 1,380 1,396
Income from BOLI death benefit, net 0 0 0 1,059
Other income 574 303 997 1,791
Total noninterest income 2,174 2,002 6,187 7,949
NONINTEREST EXPENSE        
Compensation and benefits 8,185 8,353 24,471 20,766
Data processing 1,943 1,941 5,873 5,878
Occupancy and equipment 1,512 1,505 4,615 4,604
Supplies, postage, and telephone 305 344 987 988
Regulatory assessments and state taxes 548 558 1,663 1,538
Advertising 278 282 827 846
Professional fees 1,915 2,668 6,246 4,894
FDIC insurance premium 381 411 1,131 1,308
Legal settlement 1,300 (10) 1,300 5,740
Other expense 948 1,338 3,279 3,593
Total noninterest expense 17,315 17,390 50,392 50,155
Loss before benefit from income taxes (1,562) (146) (1,551) (6,349)
Benefit from income taxes (819) (948) (1,122) (1,776)
Net (loss) income $ (743) $ 802 $ (429) $ (4,573)
Basic and diluted (loss) earnings per common share (in dollars per share) $ (0.08) $ 0.09 $ (0.05) $ (0.52)