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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest and dividend income:      
Loans, including fees $ 172,046 $ 169,559 $ 123,577
Mortgage-backed securities 1,378 880 564
Other investment securities 3,953 4,226 4,167
FHLB stock dividends and other interest-earning assets 16,632 13,695 3,133
Total interest and dividend income 194,009 188,360 131,441
Deposits:      
Demand and money market accounts 22,158 16,915 5,283
Savings and club 620 620 449
Certificates of deposit 55,442 39,157 6,889
Total deposits 78,220 56,692 12,621
Borrowings 23,768 27,606 4,875
Total interest expense 101,988 84,298 17,496
Net interest income 92,021 104,062 113,945
Provision (benefit) for credit losses 11,570 6,104 (3,075)
Net interest income after provision (benefit) for credit losses 80,451 97,958 117,020
Non-interest income:      
Fees and service charges 4,717 5,334 4,816
BOLI income 2,633 1,751 2,671
(Loss) gain on sale of loans (5,325) 36 129
Gain on sales of other real estate owned   77  
Realized and unrealized gain (loss) on equity investments 379 (3,361) (6,269)
Other 536 251 248
Total non-interest income 2,940 4,088 1,595
Non-interest expense:      
Salaries and employee benefits 28,229 30,827 28,021
Occupancy and equipment 10,247 10,340 10,627
Data processing service fees 6,960 6,968 6,033
Professional fees 2,416 2,735 3,766
Director fees 1,151 1,083 1,253
Regulatory assessments 3,530 3,585 1,243
Advertising and promotional 863 1,348 941
Other real estate owned, net   7 10
Other 3,725 3,698 3,611
Total non-interest expense 57,121 60,591 55,505
Income before income tax provision 26,270 41,455 63,110
Income tax provision 7,647 11,972 17,531
Net Income 18,623 29,483 45,579
Preferred stock dividends 1,832 702 796
Net Income available to common stockholders $ 16,791 $ 28,781 $ 44,783
Net Income per common share-basic and diluted      
Basic $ 0.99 $ 1.71 $ 2.64
Diluted $ 0.99 $ 1.70 $ 2.58
Weighted average number of common shares outstanding      
Basic 17,007 16,870 16,969
Diluted 17,018 16,932 17,349