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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Dec. 31, 2022
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 2,006,000 $ 172,000 $ 155,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for (recovery of) credit losses 170,000 124,000 (2,000)
Intangible asset amortization 17,000 5,000 0
Depreciation 8,000   5,000
Amortization of discounts and premiums, net (36,000)   (1,000)
Net (gain) loss on sales of loans (20,000) (5,000) 0
Gain on business acquisition (2,001,000) (159,000) 0
Stock-based compensation 9,000   7,000
Deferred tax expense 11,000   (8,000)
Changes in operating assets and liabilities:      
Decrease (increase) in other assets 112,000   0
(Decrease) increase in other liabilities 2,697,000   29,000
Purchases of securities held for trading (10,000)   (35,000)
Proceeds from sales of securities held for trading 10,000   35,000
Change in loans held for sale, net 62,000   0
Net cash provided by operating activities 3,035,000   185,000
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from repayment of securities available for sale 664,000   163,000
Proceeds from sales of securities available for sale 1,233,000   0
Purchase of securities available for sale (443,000)   (269,000)
Redemption of Federal Home Loan Bank stock 744,000   107,000
Purchases of Federal Home Loan Bank and Federal Reserve Bank stock (833,000)   (52,000)
Proceeds from bank-owned life insurance, net 9,000   5,000
Purchases of loans 0   (61,000)
Other changes in loans, net (1,301,000)   (960,000)
(Purchases) dispositions of premises and equipment, net (11,000)   (1,000)
Cash acquired in business acquisition 25,043,000   0
Net cash used in investing activities 25,105,000   (1,068,000)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net (decrease) increase in deposits (7,496,000)   2,895,000
Net increase (decrease) in short-term borrowed funds 2,400,000   (1,150,000)
Proceeds from long-term borrowed funds 0   1,000,000
Repayments of long-term borrowed funds (2,375,000)   (1,075,000)
Net receipt of payments of loans serviced for others (189,000)   0
Cash dividends paid on common stock (8,000)   (79,000)
Cash dividends paid on preferred stock (116,000)   (8,000)
Treasury stock repurchased (9,000)   0
Payments relating to treasury shares received for restricted stock award tax payments 0   (11,000)
Net cash (used in) provided by financing activities (7,793,000)   1,572,000
Net increase in cash, cash equivalents and restricted cash [1] 20,347,000   689,000
Beginning cash, cash equivalents and restricted cash [1] 2,082,000   2,211,000
Ending cash, cash equivalents and restricted cash [1] 22,429,000 $ 2,082,000 2,900,000
Supplemental information:      
Cash paid for interest 489,000   110,000
Cash paid for income taxes 13,000   0
Non-cash investing and financing activities:      
Transfers to repossessed assets from loans 1,000   0
Securitization of residential mortgage loans to mortgage-backed securities available for sale 0   61,000
Shares issued for restricted stock awards 27,000   26,000
Fair value of tangible assets acquired 38,172,000   0
Intangible assets 464,000   0
Liabilities assumed 36,550,000   0
Issuance of FDIC Equity appreciation instrument $ 85,000   $ 0
[1] For further information on restricted cash, see Note 14 - Derivative and Hedging Activities.