Three Months Ended

For the Six Months Ended

($’s in 000, except per share data)

Jun 30, 2026

Mar 31, 2026

Dec 31, 2025

Sep 30, 2025

Jun 30, 2025

Jun 30, 2026

Jun 30, 2025

Key Performance Metrics

Return on Average Assets-Net Income (1)

1.53

%

0.39

%

2.20

%

1.37

%

1.59

%

0.98

%

1.60

%

Return on Average Stockholders’ Equity(1)

12.64

%

3.12

%

18.03

%

10.89

%

12.62

%

7.94

%

12.61

%

Efficiency Ratio

54.66

%

80.81

%

55.31

%

61.05

%

58.50

%

67.01

%

60.64

%

Net Interest Margin(1)

3.78

%

3.86

%

4.21

%

4.35

%

4.31

%

3.82

%

4.39

%

Net Revenue(1)

$

21,950

$

19,645

$

20,718

$

20,175

$

17,772

$

41,595

$

35,129

Common Equity / Assets

12.07

%

12.03

%

12.19

%

12.16

%

12.30

%

12.07

%

12.30

%

Tier 1 Leverage Ratio - Bank

13.15

%

13.39

%

13.42

%

13.72

%

13.82

%

13.15

%

13.82

%

Selected Loan Metrics

Guaranteed Portion of Loans Held for Sale

$

50,848

$

74,507

$

46,009

$

66,791

$

45,242

$

50,848

$

45,242

Guaranteed Portion of Loans Held for Investment

174,971

177,617

183,739

193,688

192,324

174,971

192,324

Total Guaranteed Loans

225,819

252,124

229,748

260,479

237,566

225,819

237,566

Guaranteed Loans as a Percent of Total Loans(2)

16.7

%

17.3

%

19.2

%

20.6

%

22.1

%

16.7

%

22.1

%

SBA Loan Originations

$

131,420

$

189,851

$

106,744

$

207,683

$

132,256

$

321,271

$

261,607

SBA Loans Sold

$

110,075

$

79,036

$

92,258

$

110,820

$

82,140

$

189,111

$

150,860

Gain on Loan Sales Margin(2)

5.04

%

4.79

%

3.93

%

3.24

%

3.16

%

4.94

%

3.40

%

Asset Quality

Total nonaccrual loans

$

51,648

$

39,736

$

32,141

$

34,608

$

18,227

$

51,648

$

18,227

Loans past due 90 days and still accruing

868

-

854

184

146

868

146

Other real estate owned

5,663

4,401

4,401

2,684

-

5,663

-

Total non-performing assets

$

58,179

$

44,137

$

37,396

$

37,476

$

18,373

$

58,179

$

18,373

Non-performing assets: guaranteed portion

$

36,876

$

34,340

$

28,240

$

29,236

$

13,792

$

36,876

$

13,792

Non-performing assets: non-guaranteed portion

$

21,303

$

9,797

$

9,156

$

8,240

$

4,581

$

21,303

$

4,581

Non-performing assets to total assets

4.06

%

3.17

%

2.75

%

2.88

%

1.49

%

4.06

%

1.49

%

Non-performing assets, excluding guaranteed, to total assets(2)

1.49

%

0.70

%

0.67

%

0.63

%

0.37

%

1.49

%

0.37

%

Net charge-offs

$

1,167

$

1,457

$

557

$

836

$

870

$

2,624

$

1,698

Loans past due 30-89 days and accruing

$

12,202

$

6,255

$

9,843

$

3,595

$

8,182

$

12,202

$

8,182

Loans past due 30-89 days and accruing: guaranteed portion

$

2,491

$

2,474

$

4,574

$

2,351

$

5,650

$

2,491

$

5,650

Loans past due 30-89 days and accruing: non-guaranteed portion

$

9,710

$

3,781

$

5,269

$

1,244

$

2,532

$

9,710

$

2,532

Allowance for credit losses (ACL)

$

12,418

$

10,755

$

9,890

$

10,577

$

9,205

$

12,418

$

9,205

Nonaccrual loans

$

51,648

$

39,736

$

32,141

$

34,608

$

18,227

$

51,648

$

18,227

ACL to nonaccrual loans

24

%

27

%

31

%

31

%

51

%

24

%

51

%

ACL to nonaccrual loans, excluding guaranteed(2)

65

%

122

%

136

%

141

%

208

%

65

%

208

%

ACL to loans

1.19

%

1.05

%

1.03

%

1.12

%

1.06

%

1.19

%

1.06

%

ACL to loans, excluding guaranteed(2)

1.42

%

1.27

%

1.28

%

1.42

%

1.36

%

1.42

%

1.36

%

Book Value

Stockholders’ Equity

$

172,810

$

167,622

$

165,755

$

158,193

$

151,749

$

172,810

$

151,749

Common shares outstanding

14,470

14,470

14,385

14,288

14,274

14,470

14,274

Book value per common share

$

11.94

$

11.58

$

11.52

$

11.07

$

10.63

$

11.94

$

10.63

Full-Time Equivalent Employees

189

189

184

187

188

189

188

(1) Ratios are annualized on an actual/actual basis

(2) See Reconciliation of Non-GAAP Financial Measures

Three Months Ended

For the Six Months Ended

($'s in 000, except per share data)

Jun 30, 2026

Mar 31, 2026

Dec 31, 2025

Sep 30, 2025

Jun 30, 2025

Jun 30, 2026

Jun 30, 2025

Pre-Provision Net Revenue(1)

Net Interest Income

$

12,801

$

12,191

$

13,455

$

12,998

$

12,388

$

24,992

$

24,282

Non-Interest Income

9,149

7,454

7,263

7,177

5,384

16,603

10,847

Net Revenue

$

21,950

$

19,645

$

20,718

$

20,175

$

17,772

$

41,595

$

35,129

Non-Interest Expense

11,998

15,876

11,460

12,317

10,396

27,874

21,303

Pre-Provision Net Revenue

$

9,952

$

3,769

$

9,258

$

7,858

$

7,376

$

13,721

$

13,826

Less:

(Provision) Net Benefit for Credit Losses

(2,844

)

(2,293

)

182

(2,219

)

(1,092

)

(5,137

)

(1,813

)

Provision For Income Taxes

(1,625

)

(139

)

(2,026

)

(1,282

)

(1,486

)

(1,764

)

(2,710

)

Net Loss Attributable to Equity Investment

(21

)

(22

)

(18

)

(49

)

(43

)

(43

)

(78

)

Net Income

$

5,462

$

1,315

$

7,396

$

4,308

$

4,755

$

6,777

$

9,225

Adjusted Diluted Earnings Per Share Excluding Unusual Items(2)

Net Income

$

5,462

$

1,315

$

7,396

$

4,308

$

4,755

$

6,777

$

9,225

Unusual Items:

Form S-1 and Uplift Costs

-

-

-

30

290

-

1,049

Severance Expenses

-

-

257

1,001

-

-

-

Credit Card Fraud Losses

52

4,213

-

-

-

4,265

Costs Incurred Related to Discontinued Credit Card Marketing Campaign

-

-

416

1,692

-

-

-

Net Gain on Sales of Investment Securities

-

-

(426

)

-

-

-

-

Tax Effect of Unusual Expenses (a)

(12

)

(963

)

(55

)

(605

)

(64

)

(975

)

(233

)

Net Income Excluding Unusual Items

$

5,502

$

4,565

$

7,588

$

6,426

$

4,981

$

10,067

$

10,041

Weighted average diluted shares outstanding

14,544

14,506

14,555

14,525

14,551

14,511

14,536

Diluted Earnings Per Share

$

0.38

$

0.09

$

0.51

$

0.30

$

0.33

$

0.47

$

0.63

Adjusted Diluted Earnings Per Share Excluding Unusual Expenses

$

0.38

$

0.31

$

0.52

$

0.44

$

0.34

$

0.69

$

0.69

Gain on Loan Sales Margin(1)

Gain on Sale of Loans

$

5,544

$

3,790

$

3,625

$

3,592

$

2,593

$

9,334

$

5,130

Loans Sold

110,075

79,036

92,258

110,820

82,140

189,111

150,860

Gain on Loan Sales Margin

5.04

%

4.79

%

3.93

%

3.24

%

3.16

%

4.94

%

3.40

%

Guaranteed Loans as a Percent of Loans(3)

SBA and USDA Guaranteed Loans

$

174,971

$

177,617

$

183,739

$

193,688

$

192,324

$

174,971

$

192,324

Loans, Net of Deferred Fees and Costs

1,047,352

1,025,136

959,269

940,591

871,630

1,047,352

871,630

Guaranteed Loans as a % of Loans

16.7

%

17.3

%

19.2

%

20.6

%

22.1

%

16.7

%

22.1

%

Non-performing assets, excluding guaranteed, to total assets(3)

Non-performing assets

$

58,179

$

44,137

$

37,396

$

37,476

$

18,373

$

58,179

$

18,373

Less: SBA and USDA guaranteed portions of non-performing assets

36,876

34,340

28,240

29,236

13,792

36,876

13,792

Non-performing assets, excluding guaranteed portions

21,303

9,797

9,156

8,240

4,581

21,303

4,581

Total assets

1,431,702

1,393,812

1,359,491

1,301,378

1,232,424

1,431,702

1,232,424

Non-performing assets, excluding guaranteed, to total assets

1.49

%

0.70

%

0.67

%

0.63

%

0.37

%

1.49

%

0.37

%

Allowance for credit losses (ACL) to nonaccrual loans, excluding guaranteed(3)

Nonaccrual loans

$

51,648