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Basis of Presentation (Tables) | 6 Months Ended
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Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Segment Revenue, Profit or Loss, Significant Segment Expenses and Other Segment Items |
Segment revenue, profit or loss, significant segment expenses and other segment items | Three months ended |  | Six months ended
(in thousands) | June 30, 2025 |  | June 30, 2024 |  | June 30, 2025 | June 30, 2024
Community banking segment: |  |  |  |  |  |
Interest income | $ | 36,288 |  |  | 34,332 |  |  | 71,527 |  | 68,478 |
Non-interest income | (16,233) |  |  | (30,340) |  |  | (13,922) |  | (28,139) |
Reconciliation of income |  |  |  |  |  |
All other income 1 | 612 |  |  | 585 |  |  | 1,175 |  | 1,138 |
Total consolidated income | 20,667 |  |  | 4,577 |  |  | 58,780 |  | 41,477 |
Less:2 |  |  |  |  |  |
Total interest expense | 10,376 |  |  | 11,865 |  |  | 20,669 |  | 23,317 |
Provision for credit losses on loans | — |  |  | 5,200 |  |  | 75 |  | 5,550 |
Provision for credit losses on unfunded loan commitments | — |  |  | — |  |  | — |  | — |
Non-interest expense |  |  |  |  |  |
Salaries and related benefits | 11,851 |  |  | 12,126 |  |  | 23,689 |  | 23,964 |
Occupancy and equipment | 2,225 |  |  | 2,049 |  |  | 4,331 |  | 4,016 |
Data processing | 1,008 |  |  | 962 |  |  | 2,087 |  | 1,985 |
Deposit network fees | 1,054 |  |  | 916 |  |  | 1,986 |  | 1,761 |
Information technology | 563 |  |  | 448 |  |  | 976 |  | 850 |
Charitable contributions | 116 |  |  | 604 |  |  | 519 |  | 617 |
Federal Deposit Insurance Corporation insurance | 421 |  |  | 426 |  |  | 809 |  | 861 |
Professional services | 757 |  |  | 902 |  |  | 1,541 |  | 1,853 |
Depreciation and amortization | 320 |  |  | 379 |  |  | 642 |  | 767 |
Directors' expense | 279 |  |  | 306 |  |  | 583 |  | 623 |
Amortization of core deposit intangible | 220 |  |  | 246 |  |  | 447 |  | 497 |
Other expense | 2,278 |  |  | 2,090 |  |  | 4,314 |  | 4,392 |
Segment (loss) income | (10,801) |  |  | (33,942) |  |  | (3,888) |  | (29,576) |
Reconciliation of segment income |  |  |  |  |  |
All other loss 1 | 398 |  |  | 440 |  |  | 830 |  | 877 |
Loss before income taxes | $ | (11,199) |  |  | $ | (34,382) |  |  | $ | (4,718) |  | $ | (30,453) |
1 Other income and loss from segment below the quantitative thresholds are attributable to one operating segment of the Bank, the Wealth Management and Trust Services, which does not meet the quantitative thresholds for presenting reportable segments. Expenses of Wealth Management and Trust Services are comprised of salary and employee benefits, professional services, data processing, occupancy and equipment and other expenses totaling $398 thousand, and $440 thousand for the three months ended June 30, 2025 and 2024, respectively, and $830 thousand and $877 thousand for the six months ended June 30, 2025 and 2024, respectively.
2 The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.
Schedule of Earnings (Loss) Per Share Reconciliation |
| Three months ended |  | Six months ended
(in thousands, except per share data) | June 30, 2025 | June 30, 2024 |  | June 30, 2025 | June 30, 2024
Weighted average basic common shares outstanding | 15,989 |  | 16,108 |  |  | 15,983 |  | 16,095 |
Potentially dilutive common shares related to: |  |  |  |  |
Stock options | — |  | — |  |  | — |  | — |
Unvested restricted stock awards | — |  | — |  |  | — |  | — |
Weighted average diluted common shares outstanding | 15,989 |  | 16,108 |  |  | 15,983 |  | 16,095 |
Net loss | $ | (8,536) |  | $ | (21,902) |  |  | $ | (3,660) |  | $ | (18,980) |
Basic loss per common share | $ | (0.53) |  | $ | (1.36) |  |  | $ | (0.23) |  | $ | (1.18) |
Diluted loss per common share 1 | $ | (0.53) |  | $ | (1.36) |  |  | $ | (0.23) |  | $ | (1.18) |
Weighted average anti-dilutive common shares and unvested restricted shares not included in the calculation of diluted EPS | 298 |  | 393 |  |  | 284 |  | 325 |
1 Because Bancorp was in a net loss position for the three and six months ended June 30, 2025 and 2024, diluted net loss per share is the same as basic net loss per share, as the inclusion of potentially dilutive common shares would have been anti-dilutive.

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