INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2026

INCOME TAXES

Schedule of income tax provision (benefit)

	Six Months Ended			Three Months Ended
	June 30,			June 30,
	2026		2025	2026		2025
Current	$	15,584	1,583	$	9,915	1,770
Change in valuation allowance		—	—		—	—
Deferred		30,483	31,327		23,707	29,790
Income tax provision	$	46,067	32,910	$	33,622	31,560

Schedule of income tax paid

	Six Months Ended		Three Months Ended
	June 30, 2026		June 30, 2026
Federal	$	—	$	—

Summary of net deferred tax asset

	June 30, 2026		December 31, 2025
Deferred tax assets:
Net operating loss carryforward	$	269,037	$	357,279
Allowance for credit losses		93,596		93,436
Net unrealized loss on available-for sale securities		30,829		27,329
Book/tax depreciation differences		24,671		18,586
Other		151,575		146,741
Total deferred tax assets	$	569,708	$	643,371
Deferred tax liabilities:
FHLB stock dividends		25,769		25,769
Other		7,091		53,771
Total deferred tax liabilities	$	32,860	$	79,540
Valuation allowance		(45,450)		(45,450)
Net deferred tax asset	$	491,398	$	518,381