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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
INTEREST INCOME        
Interest and fees on loans $ 34,747 $ 38,551 $ 109,289 $ 114,009
Interest on securities, deposit accounts, and federal funds sold 4,478 3,934 13,098 11,826
Total interest income 39,225 42,485 122,387 125,835
INTEREST EXPENSE        
Interest on deposits 16,984 16,115 52,741 42,070
Interest on subordinated notes 566 566 1,677 1,666
Interest on FHLB and FRB borrowings 2,574 3,612 8,433 10,821
Total interest expense 20,124 20,293 62,851 54,557
Net interest income 19,101 22,192 59,536 71,278
(Recovery of) provision for credit losses - loans (6,000) 11,600 (2,400) 21,103
Recovery of credit losses - unfunded commitments (200) (550) (1,700) (1,550)
Total (recovery of) provision for credit losses (6,200) 11,050 (4,100) 19,553
Net interest income after provision for credit losses 25,301 11,142 63,636 51,725
NONINTEREST INCOME        
Fair value adjustments of other equity investments 160 55 (8,384) (277)
Residential mortgage banking income 2,939 2,917 8,693 9,261
Mortgage servicing rights (2,915) 894 (166) 148
Loss on sale of mortgage servicing rights (1,011) 0 (1,011) 0
Gain on sale of guaranteed government loans 10 6 131 4,799
Wealth and trust management 730 462 1,873 1,356
Service charges on deposit accounts 417 365 1,238 1,057
Increase in cash surrender value of bank owned life insurance 127 311 797 885
Bank and purchase card, net 690 357 1,444 1,257
Loss on sale of securities available for sale 0 (649) (67) (649)
Other 1,592 2,697 6,324 6,597
Total noninterest income 2,739 7,415 10,872 24,434
NONINTEREST EXPENSE        
Salaries and employee benefits 13,938 14,640 44,918 44,447
Occupancy and equipment 1,394 1,475 4,221 4,957
Technology and communications 2,767 2,891 7,378 7,670
Legal and regulatory filings 614 912 1,424 4,899
Advertising and marketing 222 350 701 973
Audit fees 498 791 1,948 1,440
FDIC insurance 1,130 1,322 4,324 3,297
Intangible amortization 265 308 828 998
Other contractual services 1,374 1,492 4,851 5,649
Other taxes and assessments 759 802 2,290 2,407
Regulatory remediation 357 3,782 4,398 7,304
Goodwill impairment 0 26,826 0 26,826
ESOP litigation 0 6,000 0 6,000
Other 3,177 3,030 11,033 10,653
Total noninterest expense 26,495 64,621 88,314 127,520
Income (loss) before income tax expense 1,545 (46,064) (13,806) (51,361)
Income tax expense (benefit) 599 (4,693) (424) (5,347)
Net income (loss) $ 946 $ (41,371) $ (13,382) $ (46,014)
Basic earnings (loss) per common share $ 0.01 $ (2.18) $ (0.34) $ (2.43)
Diluted earnings (loss) per common share $ 0.01 $ (2.18) $ (0.34) $ (2.43)