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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:    
Net loss $ (3,660) $ (18,980)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Provision for credit losses on loans 75 5,550
Noncash contribution expense to employee stock ownership plan 846 425
Noncash director compensation expense 255 259
Stock-based compensation expense 363 627
Amortization of core deposit intangible 447 497
Amortization of investment security premiums, net of accretion of discounts 559 2,437
Accretion of discounts on acquired loans, net (82) (174)
Net change in deferred loan origination costs/fees (64) 185
Loss on sale of investment securities 18,736 32,542
Depreciation and amortization 642 767
Loss on disposal of premises and equipment 1 21
Earnings on bank-owned life insurance policies (1,211) (856)
Net changes in interest receivable and other assets (1,396) (14,186)
Net changes in interest payable and other liabilities (2,535) (1,339)
Total adjustments 16,636 26,755
Net cash provided by operating activities 12,976 7,775
Cash Flows from Investing Activities:    
Purchase of available-for-sale securities (252,714) (18,987)
Proceeds from sale of available-for-sale securities 167,017 292,627
Proceeds from paydowns/maturities of held-to-maturity securities 56,140 20,861
Proceeds from paydowns/maturities of available-for-sale securities 83,939 19,517
(Increase) decrease in loans receivable, net 9,062 (8,854)
Purchase of bank-owned life insurance policies 0 (1,210)
Proceeds from bank-owned life insurance policies 1,805 0
Purchase of premises and equipment (1,281) (250)
Cash paid for low income housing tax credit investment 0 (1)
Net cash provided by investing activities 63,968 303,703
Cash Flows from Financing Activities:    
Net increase in deposits 25,033 (76,298)
Repayment of short-term borrowings, net 0 (26,000)
Repayment of finance lease obligations (77) (76)
Restricted stock surrendered for tax withholdings upon vesting (104) (58)
Cash dividends paid on common stock (8,079) (8,113)
Stock repurchased (2,175) 0
Proceeds from stock issued under employee and director stock purchase plans 17 22
Net cash used in financing activities 14,615 (110,523)
Net increase in cash, cash equivalents and restricted cash 91,559 200,955
Cash, cash equivalents and restricted cash at beginning of period 137,304 30,453
Cash, cash equivalents and restricted cash at end of period 228,863 231,408
Supplemental disclosure of cash flow information:    
Interest paid on deposits and borrowings 22,053 23,487
Income taxes paid, net of refunds 2,930 2,100
Supplemental disclosure of noncash investing and financing activities:    
Change in net unrealized gains or losses on available-for-sale securities 2,803 (4,009)
Amortization of net unrealized loss on available-for-sale securities transferred to held-to-maturity $ 705 $ 764