The board of directors confirmed that the suspension includes the 2026 dividend reinvestment and stock purchase plan, effectively cutting off the 8 cents per share quarterly distribution. Based on Thursday’s closing price of $11.06, the previous annual payout of 32 cents represented a dividend yield of approximately 2.9%.

Management expects this freeze to retain roughly $1.86 million in capital every three months. The bank maintains that this liquidity buffer is necessary to ensure it remains well-capitalized throughout the duration of the credit review process.