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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 and Dividend Income        
Interest and fees on loans $ 11,704 $ 13,936 $ 36,345 $ 40,538
Interest on investment securities 640 640 1,933 2,007
Dividends on investment securities 89 110 238 416
Other interest income 381 384 1,516 1,064
Total interest and dividend income 12,814 15,070 40,032 44,025
Interest Expense        
Interest on deposits 6,189 6,220 19,160 15,047
Interest on FHLB, FRB and correspondent bank borrowings 926 1,624 3,354 4,783
Interest on senior debt 290 290 869 869
Interest on subordinated debt 409 409 1,219 1,068
Interest on note payable 1 2 4 7
Total interest expense 7,815 8,545 24,606 21,774
Net interest income 4,999 6,525 15,426 22,251
Provision for credit losses 1,026 4,688 4,776 8,233
Net interest income after provision for credit losses 3,973 1,837 10,650 14,018
Non-interest Income        
Loan application, inspection and processing fees 201 310 493 554
Deposit fees and service charges 78 69 398 211
Gains on sales of loans 81 3 402 169
Rental income 75 106 226 330
(Loss) gain on sale of investment securities, net 0 0 (24) 24
Digital Payments income 1,333 625 3,509 1,391
Other income 347 56 1,421 154
Total non-interest income 2,115 1,169 6,425 2,833
Non-interest Expense        
Salaries and benefits 4,710 4,833 13,489 13,761
Occupancy and equipment expense 801 870 2,480 2,593
Data processing expense 321 355 981 965
Professional and other outside services 952 702 2,530 2,343
Project expenses, net 0 0 0 93
Advertising and promotional expense 105 61 239 223
Loan administration and processing expense 58 48 118 202
Regulatory assessments 386 292 890 791
Insurance expense, net 82 70 231 215
Communications, stationary and supplies 337 232 706 664
Other operating expense 644 646 1,957 1,906
Total non-interest expense 8,396 8,109 23,621 23,756
Loss before income taxes (2,308) (5,103) (6,546) (6,905)
Provision (benefit) for income taxes 24,646 (1,333) 23,788 (1,821)
Net loss $ (26,954) $ (3,770) $ (30,334) $ (5,084)
Basic loss per share (usd per share) $ (6.78) $ (0.95) $ (7.63) $ (1.28)
Diluted loss per share (usd per share) $ (6.78) $ (0.95) $ (7.63) $ (1.28)