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Consolidated Income Statements - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income:    
Loans $ 73,424 $ 86,256
Investment securities 8,650 10,714
Cash, Fed Funds and other 3,691 5,571
Total interest income 85,765 102,541
Interest expense:    
Deposits 38,237 42,607
Borrowings 14,307 27,783
Total interest expense 52,544 70,390
Net interest income 33,221 32,151
Provision for credit losses 1,000 0
Net interest income after provision for credit losses 32,221 32,151
Noninterest income:    
Net gain on loan origination and sale activities 3,216 2,306
Loan servicing income 4,858 3,032
Deposit fees 2,071 2,241
Other 1,991 1,875
Total noninterest income 12,136 9,454
Noninterest expense:    
Compensation and benefits 26,309 28,011
Information services 7,585 7,342
Occupancy 4,871 5,434
General, administrative and other 10,343 11,377
Total noninterest expense 49,108 52,164
Income (loss) before income taxes (4,751) (10,559)
Income tax (benefit) expense (286) (3,062)
Net income (loss) $ (4,465) $ (7,497)
Net income (loss) per share:    
Basic (in dollars per share) $ (0.24) $ (0.40)
Diluted (in dollars per share) $ (0.24) $ (0.40)
Weighted average shares outstanding:    
Basic (in shares) 18,920,808 18,856,870
Diluted (in shares) 18,920,808 18,856,870