Parent Company Only Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2024

Condensed Financial Information Disclosure [Abstract]

Schedule of Balance Sheets

Balance Sheets
	December 31,
	2024		2023
(In thousands)
ASSETS
Noninterest-bearing cash equivalents	$	376	$	12,547
Investment in subsidiaries		334,381		309,015
Other Assets		8,197		7,075
TOTAL ASSETS	$	342,954	$	328,637
LIABILITIES AND SHAREHOLDERS' EQUITY
Subordinated debt	$	61,984	$	61,444
Other liabilities		749		1,397
Shareholders' equity		280,221		265,796
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$	342,954	$	328,637

Schedule of Condensed Statements of Operations and Comprehensive Income

Condensed Statements of Operations and Comprehensive Income
	Years Ended December 31,
	2024			2023
(in thousands)
Income:
Interest income	$	—		$	—
Dividend income from subsidiaries		3,900			—
Other income		86			—
Expenses:
Interest expense		3,869			1,926
Other noninterest expenses		1,245			5,135
Income before income tax		(1,128	)		(7,061	)
Income tax benefit		(1,056	)		(1,128	)
		(72	)		(5,933	)
Equity in undistributed subsidiary (loss) income		26,281			(6,035	)
Net income (loss)	$	26,209		$	(11,968	)
Comprehensive income (loss)	$	24,873		$	(8,772	)

Schedule of Condensed Statements of Cash Flows

Condensed Statements of Cash Flows
	Years Ended December 31,
	2024			2023
(in thousands)
OPERATING ACTIVITIES
Net income (loss)	$	26,209		$	(11,968	)
Adjustments:
Undistributed (loss) earnings of subsidiaries		(30,181	)		6,035
Accretion (amortization) of premiums and discounts		540			(118	)
Share-based and deferred compensation		85			—
Other, net		(1,786	)		(549	)
Net cash used in operating activities		(5,133	)		(6,600	)
INVESTING ACTIVITIES
Net cash acquired through merger and acquisition		—			8,014
Investments in subsidiaries		—			(10,400	)
Cash dividends from subsidiaries		3,900			—
Net cash from dissolution of subsidiary		—			635
Net cash used in investing activities		3,900			(1,751	)
FINANCING ACTIVITIES
Proceeds from issuance of common stock, net		153			10,132
Issuance of shares from exercise of stock options		14			150
Dividends paid		(11,105	)		(4,870	)
Net cash provided by financing activities		(10,938	)		5,412
(Decrease) Increase in cash and cash equivalents		(12,171	)		(2,939	)
Cash and cash equivalents at the beginning of the period		12,547			15,486
Cash and cash equivalents at the end of the period	$	376		$	12,547