v3.25.3
CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest Income:        
Loans (including fees) $ 39,325 $ 49,811 $ 123,307 $ 144,281
Deposits with other banks 7,777 4,645 21,287 11,747
Securities (including FHLB stock) 6,398 2,971 17,690 7,958
Total Interest Income 53,500 57,427 162,284 163,986
Interest Expense:        
Demand deposits 13,185 16,957 38,097 50,992
Savings deposits 1,058 1,374 3,656 3,928
Time deposits 14,519 12,631 45,605 32,649
Borrowings 2,500 3,767 8,225 10,556
Total Interest Expense 31,262 34,729 95,583 98,125
Net Interest Income 22,238 22,698 66,701 65,861
Less: Provision for credit losses 47,933 4,904 79,091 14,013
Net Interest Income (Loss) after Provision for Credit Losses (25,695) 17,794 (12,390) 51,848
Noninterest Income:        
Service charges, commissions and fees 832 815 2,515 2,343
ATM and debit card fees 741 784 2,266 2,352
Net gains on securities 0 0 0 0
Net gains on sale of loans 0 1,471 0 1,481
Net (losses) gains on sale of assets (366) 31 (362) 13,244
Other 653 1,304 1,951 2,819
Total Noninterest Income 1,860 4,405 6,370 22,239
Noninterest Expense:        
Salaries and employee benefits 7,465 10,098 23,749 30,438
Occupancy and equipment expense 2,605 2,538 7,850 7,356
Goodwill impairment 12,900 0 12,900 0
Other 7,205 7,070 20,960 21,455
Total Noninterest Expense 30,175 19,706 65,459 59,249
(Loss) Income Before Income Taxes (54,010) 2,493 (71,479) 14,838
Less: (Benefit) provision for income taxes (9,007) 566 (13,007) 3,400
Net (Loss) Income (45,003) 1,927 (58,472) 11,438
Less: Preferred stock dividends 582 582 1,746 1,747
Net (Loss) Income Available to Common Shareholders $ (45,585) $ 1,345 $ (60,218) $ 9,691
Per Common Share:        
(Loss) Earnings (in dollars per share) $ (3.01) $ 0.11 $ (4.45) $ 0.78
Cash dividends paid (in dollars per share) $ 0.01 $ 0.08 $ 0.03 $ 0.40
Weighted Average Common Shares Outstanding (in shares) 15,122,702 12,504,717 13,523,009 12,499,799