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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest and Dividend Income    
Interest and fees on loans $ 9,980 $ 12,648
Interest on investment securities 548 661
Dividends on investment securities 27 71
Other interest income 1,993 621
Total interest and dividend income 12,548 14,001
Interest Expense    
Interest on deposits 7,798 6,686
Interest on FHLB, FRB and correspondent bank borrowings 98 1,214
Interest on senior debt 322 290
Interest on subordinated debt 375 406
Interest on note payable 1 1
Total interest expense 8,594 8,597
Net interest income 3,954 5,404
Provision for credit losses 733 658
Net interest income after provision for credit losses 3,221 4,746
Non-interest Income    
Loan application, inspection and processing fees 211 202
Deposit fees and service charges 418 81
Gains on sales of loans 43 267
Rental income 45 21
Loss on sale of investment securities, net 0 (24)
Digital Payments income 1,758 964
Other income 253 736
Total non-interest income 2,728 2,247
Non-interest Expense    
Salaries and benefits 4,511 4,156
Occupancy and equipment expense 748 817
Data processing expense 385 324
Professional and other outside services 1,081 841
Project expenses, net 0 0
Advertising and promotional expense 153 46
Loan administration and processing expense 104 8
Regulatory assessments 455 219
Insurance expense, net 70 76
Communications, stationary and supplies 228 149
Other operating expense 990 590
Total non-interest expense 8,725 7,226
Loss before income taxes (2,776) (233)
Provision for income taxes 1 66
Net loss $ (2,777) $ (299)
Basic loss per share (usd per share) $ (0.21) $ (0.08)
Diluted loss per share (usd per share) $ (0.21) $ (0.08)