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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest and Dividend Income        
Interest and fees on loans $ 9,103 $ 11,993 $ 19,083 $ 24,641
Interest on investment securities 548 632 1,096 1,293
Dividends on investment securities 38 78 65 149
Other interest income 1,805 514 3,798 1,135
Total interest and dividend income 11,494 13,217 24,042 27,218
Interest Expense        
Interest on deposits 6,793 6,285 14,591 12,971
Interest on FHLB, FRB and correspondent bank borrowings 3 1,214 101 2,428
Interest on senior debt 183 289 505 579
Interest on subordinated debt 327 404 702 810
Interest on note payable 0 2 1 3
Total interest expense 7,306 8,194 15,900 16,791
Net interest income 4,188 5,023 8,142 10,427
Provision for credit losses 1,524 3,092 2,257 3,750
Net interest income after provision for credit losses 2,664 1,931 5,885 6,677
Non-interest Income        
Loan application, inspection and processing fees 105 90 316 292
Deposit fees and service charges 481 239 899 320
(Loss) gain on sales of loans, net (959) 54 (916) 321
Rental income 135 130 180 151
Loss on sale of investment securities, net 0 0 0 (24)
Digital Payments income 2,108 1,212 3,866 2,176
Other income 160 338 413 1,074
Total non-interest income 2,030 2,063 4,758 4,310
Non-interest Expense        
Salaries and benefits 5,242 4,623 9,753 8,779
Occupancy and equipment expense 767 862 1,515 1,679
Data processing expense 453 336 838 660
Professional and other outside services 1,046 737 2,127 1,578
Advertising and promotional expense 44 88 197 134
Loan administration and processing expense 13 52 117 60
Regulatory assessments 417 285 872 504
Insurance expense, net 140 73 210 149
Communications, stationary and supplies 348 220 576 369
Other operating expense 1,274 723 2,264 1,313
Total non-interest expense 9,744 7,999 18,469 15,225
Loss before income taxes (5,050) (4,005) (7,826) (4,238)
Benefit for income taxes (49) (924) (48) (858)
Net loss $ (5,001) $ (3,081) $ (7,778) $ (3,380)
Basic loss per share (usd per share) $ (0.06) $ (0.77) $ (0.17) $ (0.85)
Diluted loss per share (usd per share) $ (0.06) $ (0.77) $ (0.17) $ (0.85)