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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities:    
Net (loss) income $ (5,084) $ 4,391
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Amortization and accretion of investment premiums and discounts, net (82) (12)
Amortization and accretion of purchase loan premiums and discounts, net 1,648 2,002
Amortization of debt issuance costs 133 27
Amortization of core deposit intangible 35 35
Amortization of servicing assets of sold SBA loans 92 66
Provision for credit losses 8,233 475
Depreciation and amortization 904 981
Gain on sales of available-for-sale securities (24) 0
Share-based compensation 77 63
(Increase) decrease in deferred income taxes, net (5,298) 885
Originations of loans held for sale, net (21,312) (15,718)
Proceeds from sale of SBA loans held for sale 4,758 10,516
Gains on sale of SBA loans held for sale, net (169) (691)
Changes in assets and liabilities:    
Decrease (increase) in accrued interest and dividends receivable 143 (682)
Decrease (increase) in other assets 2,213 (325)
Increase (decrease) in accrued expenses and other liabilities 3,185 (2,394)
Net cash used in operating activities (10,548) (381)
Cash Flows from Investing Activities:    
Proceeds from maturity or sales on available-for-sale securities 1,780 3,600
Principal repayments on available-for-sale securities 3,408 5,575
Purchases of available-for-sale securities (10,415) (19,329)
Redemptions of Federal Reserve Bank stock 178 172
Purchases of Federal Home Loan Bank stock (1,498) (1,290)
Origination of loans receivable (152,758) (159,125)
Purchases of loans receivable (19,751) (125,765)
Payments received on loans receivable 121,962 159,164
Purchases of premises and equipment (397) (322)
Net cash used in investing activities (57,491) (137,320)
Cash Flows from Financing Activities:    
(Decrease) increase in deposits, net (23,423) 85,833
Increase in FHLB and correspondent bank borrowings 130,000 35,000
Principal repayments of note payable (156) (154)
Decrease in advances from borrowers for taxes and insurance 2,053 1,161
Net cash provided by financing activities 108,474 121,840
Net increase (decrease) in cash and cash equivalents 40,435 (15,861)
Cash and cash equivalents at beginning of period 38,493 47,045
Cash and cash equivalents at end of period 78,928 31,184
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 20,611 5,950
Cash paid for income taxes 44 103
Non-cash transactions:    
Capitalized servicing assets 85 188
Transfers of loans held for sale to loans receivable 0 274
Operating lease right-of-use assets 16 80
Decrease in interest rate swaps 169 (509)
Capital raise deferred costs 0 1,177
Expected credit loss for loans - ASC 326 adoption 13,001 0
Expected credit loss for unfunded loan commitments - ASC 326 adoption 2,737 0
Deferred tax assets - ASC 326 adoption $ (4,228) $ 0