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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Interest and dividend income:      
Loans, including fees $ 38,927 $ 43,722 $ 38,889
Mortgage-backed securities 561 305 186
Other investment securities 968 975 1,120
FHLB stock and other interest earning assets 3,736 4,283 2,157
Total interest and dividend income 44,192 49,285 42,352
Deposits:      
Demand 5,418 5,257 3,154
Savings and club 151 166 118
Certificates of deposit 10,762 14,983 6,453
Total deposits 16,331 20,406 9,725
Borrowings 5,856 5,736 5,156
Total interest expense 22,187 26,142 14,881
Net interest income 22,005 23,143 27,471
Provision for credit losses 20,845 2,088 622
Net interest income after provision for credit losses 1,160 21,055 26,849
Non-interest income (loss):      
Fees and service charges 1,173 1,215 1,098
BOLI income 608 675 421
Gain on sales of loans   45 6
Gain on sale of fixed asset   4  
Realized and unrealized (losses) gains on equity investments (115) 130 (3,227)
Other 125 40 38
Total non-interest income (loss) 1,791 2,109 (1,664)
Non-interest expense:      
Salaries and employee benefits 7,403 6,981 7,618
Occupancy and equipment 2,723 2,644 2,552
Data processing and communications 1,844 1,853 1,665
Professional fees 692 595 566
Director fees 418 277 265
Regulatory assessments 709 1,142 536
Advertising and promotional 179 216 278
Other real estate owned, net     1
Other 692 1,130 373
Total non-interest expense 14,660 14,838 13,854
(Loss) Income before income tax provision (11,709) 8,326 11,331
Income tax (benefit) provision (3,385) 2,460 3,225
Net (Loss) Income (8,324) 5,866 8,106
Preferred stock dividends 482 434 173
Net (Loss) Income available to common stockholders $ (8,806) $ 5,432 $ 7,933
Net (Loss) Income per common share-basic and diluted      
Basic $ (0.51) $ 0.32 $ 0.47
Diluted $ (0.51) $ 0.32 $ 0.46
Weighted average number of common shares outstanding      
Basic 17,113 16,930 16,949
Diluted 17,113 16,939 17,208