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Consolidated Statements Of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income        
Interest and fees on loans $ 33,880,000 $ 33,488,000 $ 98,732,000 $ 98,570,000
Interest on investment securities - taxable 1,126,000 1,745,000 4,517,000 5,326,000
Interest on investment securities - tax exempt 31,000 22,000 92,000 66,000
Federal Home Loan Bank dividends 184,000 183,000 550,000 567,000
Other interest income 2,033,000 1,198,000 3,532,000 2,968,000
Total interest income 37,254,000 36,636,000 107,423,000 107,497,000
Interest expense        
Interest on deposits 13,776,000 14,602,000 40,272,000 40,130,000
Interest on borrowings 828,000 3,421,000 4,859,000 11,344,000
Total interest expense 14,604,000 18,023,000 45,131,000 51,474,000
Net interest income 22,650,000 18,613,000 62,292,000 56,023,000
Provision for credit losses 1,355,000   2,280,000 3,317,000
Net interest income after provision for credit losses 21,295,000 18,613,000 60,012,000 52,706,000
Noninterest income        
Service charges, fees and other income 779,000 675,000 2,381,000 1,951,000
Foreign exchange income 267,000 246,000 683,000 706,000
Bank-owned life insurance income 96,000 90,000 279,000 415,000
Warrant and success fee income     273,000  
Loss on sale of securities (62,391,000) 0 (62,391,000) 0
Other investment income 315,000 240,000 339,000 454,000
Other income 82,000 539,000 293,000 644,000
Total noninterest income (60,852,000) 1,790,000 (58,143,000) 4,170,000
Noninterest expense        
Salaries and employee benefits 9,766,000 8,336,000 27,841,000 25,111,000
Occupancy and equipment 723,000 1,033,000 2,478,000 3,099,000
Data processing 792,000 638,000 2,166,000 1,799,000
Regulatory assessments 445,000 528,000 1,409,000 1,542,000
Legal and professional fees 591,000 534,000 1,817,000 1,686,000
Other operating expenses 1,162,000 1,028,000 3,219,000 3,043,000
Total noninterest expense 13,479,000 12,097,000 38,930,000 36,280,000
(Loss) / income before provision for income taxes (53,036,000) 8,306,000 (37,061,000) 20,596,000
(Benefit) / provision for income taxes (15,301,000) 2,460,000 (10,559,000) 6,038,000
Net (loss) / income $ (37,735,000) $ 5,846,000 $ (26,502,000) $ 14,558,000
Net (loss) / income per common share data        
Basic (loss) / earnings per common share $ (4.12) $ 0.79 $ (3.28) $ 1.96
Diluted (loss) / earnings per common share $ (4.12) $ 0.77 $ (3.28) $ 1.92
Weighted average shares - basic 9,168,707 7,434,726 8,069,830 7,416,173
Weighted average shares - diluted 9,168,707 7,622,428 8,069,830 7,584,349