v3.26.3
Consolidated Statements of Operations - USD ($)
shares in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest and dividend income:        
Loans, including fees $ 34,213,000 $ 38,278,000 $ 105,947,000 $ 115,855,000
Mortgage-backed securities 948,000 843,000 2,747,000 2,169,000
Other investment securities 1,128,000 1,114,000 3,231,000 3,139,000
FHLB stock and other interest earning assets 2,086,000 2,807,000 7,313,000 9,252,000
Total interest income 38,375,000 43,042,000 119,238,000 130,415,000
Deposits:        
Demand and savings 5,742,000 5,841,000 16,573,000 17,211,000
Certificates of deposit 7,864,000 9,445,000 24,722,000 29,377,000
Total deposits 13,606,000 15,286,000 41,295,000 46,588,000
Borrowings 2,170,000 4,045,000 9,162,000 15,009,000
Total interest expense 15,776,000 19,331,000 50,457,000 61,597,000
Net interest income 22,599,000 23,711,000 68,781,000 68,818,000
Provision for credit losses on loans 114,961,000 4,080,000 136,736,000 29,816,000
Net interest (loss) income after provision for credit losses on loans (92,362,000) 19,631,000 (67,955,000) 39,002,000
Non-interest (loss) income:        
Fees and service charges 1,006,000 1,311,000 3,510,000 3,789,000
BOLI income 874,000 931,000 2,737,000 2,325,000
Gain (Loss) on sales of loans   21,000 (2,600,000) 21,000
Gain on sale of other real estate owned 3,283,000   3,283,000  
Realized and unrealized losses on equity investments (77,000) 350,000 (418,000) 127,000
Other 86,000 132,000 291,000 350,000
Total non-interest (loss) income 5,172,000 2,745,000 6,803,000 6,612,000
Non-interest expense:        
Salaries and employee benefits 9,937,000 8,324,000 27,659,000 23,440,000
Occupancy and equipment 2,675,000 2,562,000 7,961,000 7,787,000
Data processing and communications 2,031,000 2,047,000 6,022,000 5,937,000
Professional fees 2,873,000 800,000 4,062,000 2,259,000
Director fees 244,000 305,000 734,000 1,036,000
Regulatory assessments 805,000 984,000 2,220,000 2,497,000
Advertising and promotional 407,000 284,000 1,096,000 679,000
Other real estate owned, net 174,000   454,000  
Impairment of goodwill     5,253,000  
Other 2,653,000 1,264,000 4,021,000 2,863,000
Total non-interest expense 21,799,000 16,570,000 59,482,000 46,498,000
(Loss) Income before income tax provision (108,989,000) 5,806,000 (120,634,000) (884,000)
Income tax provision (benefit) 23,464,000 1,544,000 21,691,000 (386,000)
Net (Loss) Income (132,453,000) 4,262,000 (142,325,000) (498,000)
Preferred stock dividends   482,000 482,000 1,446,000
Net (Loss) Income available to common stockholders $ (132,453,000) $ 3,780,000 $ (142,807,000) $ (1,944,000)
Net (Loss) Income per common share-basic and diluted        
Basic $ (6.92) $ 0.22 $ (7.98) $ (0.11)
Diluted $ (6.92) $ 0.22 $ (7.98) $ (0.11)
Weighted average number of common shares outstanding        
Basic 19,137 17,207 17,894 17,165
Diluted 19,137 17,207 17,894 17,165