|
Accrued interest receivable
|
|
$1.5m
|
$1.8m
|
$3.6m
|
$3.6m
|
$3.7m
|
|
Income taxes receivable, net
|
|
—
|
$0
|
$2.4m
|
$8.9m
|
$3.5m
|
|
Total cash and cash equivalents
|
|
$85.8m
|
$100.6m
|
$117.0m
|
$109.2m
|
$163.4m
|
|
Operating lease right-of-use (“ROU”) assets
|
|
$0
|
$5.0m
|
$4.3m
|
$3.6m
|
$3.0m
|
|
Other assets
|
|
$7.3m
|
$10.2m
|
$14.2m
|
$11.2m
|
$25.0m
|
|
Cash and due from banks
|
|
$411k
|
$386k
|
$411k
|
$9.6m
|
$12.1m
|
|
Interest-bearing deposits in other banks (restricted cash of $4.1 million and $3.2 million, respectively)
|
|
$85.3m
|
$100.2m
|
$116.6m
|
$99.6m
|
$151.3m
|
|
Investment securities available-for-sale, at fair value, net of allowance for credit losses of $0, (amortized cost of $27.5 million and $30.0 million, respectively)
|
|
—
|
—
|
$0
|
$29.9m
|
$27.8m
|
|
Investment securities held-to-maturity, net of allowance for credit losses of $0, (fair value of $9.0 million and $11.1 million, respectively)
|
|
$11.4m
|
$14.3m
|
$15.4m
|
$12.6m
|
$9.9m
|
|
Investment in Federal Home Loan Bank (“FHLB”) stock, at cost
|
|
$378k
|
$449k
|
$238k
|
$349k
|
$440k
|
|
Strategic Program loans held-for-sale, at lower of cost or fair value
|
|
$60.7m
|
$23.6m
|
$47.5m
|
$91.6m
|
$146.5m
|
|
Loans held-for-investment, net of allowance for credit losses of $36.8 million and $13.2 million, respectively
|
|
—
|
$224.2m
|
$358.6m
|
$447.8m
|
$541.6m
|
|
Credit enhancement asset
|
|
—
|
—
|
$0
|
$111k
|
$22.4m
|
|
Premises and equipment, net
|
|
$3.3m
|
$9.5m
|
$14.6m
|
$16.3m
|
$2.5m
|
|
Assets subject to operating leases, net of accumulated depreciation of $4.7 million and $2.7 million, respectively
|
|
—
|
—
|
—
|
$10.2m
|
$12.6m
|
|
Deferred income taxes, net
|
|
$1.8m
|
$1.2m
|
$0
|
$899k
|
$0
|
|
Small Business Administration (“SBA”) servicing asset, net
|
|
—
|
$5.2m
|
$4.2m
|
$3.3m
|
$3.5m
|
|
Investment in Business Funding Group (“BFG”), at fair value
|
|
$5.9m
|
$4.8m
|
$4.2m
|
$7.7m
|
$9.0m
|
|
Noninterest-bearing
|
|
$110.5m
|
$78.8m
|
$95.5m
|
$126.8m
|
$168.4m
|
|
Interest-bearing
|
|
$141.3m
|
$164.2m
|
$309.3m
|
$418.2m
|
$586.1m
|
|
Income taxes payable, net
|
|
$233k
|
$1.1m
|
$1.9m
|
$4.4m
|
$837k
|
|
Operating lease liabilities
|
|
$0
|
$7.0m
|
$6.3m
|
$5.3m
|
$4.4m
|
|
Other liabilities
|
|
$11.5m
|
$8.9m
|
$16.6m
|
$15.1m
|
$21.5m
|
|
Total deposits
|
|
$251.9m
|
$243.0m
|
$404.8m
|
$545.0m
|
$754.6m
|
|
Total shareholders’ equity
|
|
$115.4m
|
$140.5m
|
$155.1m
|
$173.7m
|
$193.2m
|
|
Total assets
|
|
$380.2m
|
$400.8m
|
$586.2m
|
$746.0m
|
$977.1m
|
|
Accrued interest payable
|
|
$48k
|
$54k
|
$619k
|
$1.5m
|
$2.6m
|
|
Total liabilities
|
|
$264.8m
|
$260.3m
|
$431.2m
|
$572.3m
|
$783.9m
|
|
Preferred stock, $0.001 par value, 4,000,000 authorized; no shares issued and outstanding as of December 31, 2025 and December 31, 2024
|
|
0
|
0
|
0
|
0
|
0
|
|
Common stock, $0.001 par value, 40,000,000 shares authorized; 13,655,961 and 13,211,640 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively
|
|
13k
|
13k
|
12k
|
13k
|
14k
|
|
Additional paid-in-capital
|
|
$54.8m
|
$54.6m
|
$51.2m
|
$56.9m
|
$61.0m
|
|
Retained earnings
|
|
$60.6m
|
$85.8m
|
$103.8m
|
$116.6m
|
$132.2m
|
|
Accumulated other comprehensive income, net of tax
|
|
—
|
—
|
$0
|
$187k
|
$26k
|
|
Total liabilities and shareholders’ equity
|
|
$380.2m
|
$400.8m
|
$586.2m
|
$746.0m
|
$977.1m
|