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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows from Operating Activities:    
Net income (loss) $ 3,866 $ (14,410)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for credit losses on loans 75 5,550
Reversal of provision for credit losses on unfunded loan commitments 0 (233)
Noncash contribution expense to employee stock ownership plan 1,268 986
Noncash director compensation expense 469 513
Stock-based compensation expense 589 736
Amortization of core deposit intangible 664 738
Amortization of investment security premiums, net of accretion of discounts 666 3,050
Accretion of discounts on acquired loans, net (123) (228)
Net change in deferred loan origination costs/fees (27) 109
Loss on sale of investment securities 18,736 32,541
Depreciation and amortization 932 1,125
Loss on disposal of premises and equipment 11 0
Earnings on bank-owned life insurance policies (1,339) (1,282)
Earnings on bank-owned life insurance death benefits (306) 0
Net changes in interest receivable and other assets 1,347 (10,199)
Net changes in interest payable and other liabilities (1,372) (1,345)
Total adjustments 21,590 32,061
Net cash provided by operating activities 25,456 17,651
Cash Flows from Investing Activities:    
Purchase of available-for-sale securities (421,796) (133,485)
Proceeds from sale of available-for-sale securities 167,017 292,621
Proceeds from paydowns/maturities of held-to-maturity securities 67,855 36,820
Proceeds from paydowns/maturities of available-for-sale securities 104,017 26,409
(Increase) decrease in loans receivable, net (7,398) 19,508
Purchase of loans (226) (35,874)
Purchase of bank-owned life insurance policies 0 (1,211)
Proceeds from bank-owned life insurance policies 1,805 0
Purchase of premises and equipment (1,692) (356)
Proceeds from sale of premises and equipment 0 21
Cash paid for low income housing tax credit investment 0 (1)
Net cash provided by investing activities (90,418) 204,452
Cash Flows from Financing Activities:    
Net increase in deposits 162,561 19,174
Repayment of short-term borrowings, net 0 (26,000)
Repayment of finance lease obligations (97) (113)
Restricted stock surrendered for tax withholdings upon vesting (103) (64)
Cash dividends paid on common stock (12,103) (12,177)
Stock repurchased (3,293) (4,234)
Proceeds from stock issued under employee and director stock purchase plans 26 30
Net cash used in financing activities 146,991 (23,384)
Net increase in cash, cash equivalents and restricted cash 82,029 198,719
Cash, cash equivalents and restricted cash at beginning of period 137,304 30,453
Cash, cash equivalents and restricted cash at end of period 219,333 229,172
Supplemental disclosure of cash flow information:    
Interest paid on deposits and borrowings 32,867 35,417
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 5,317 4,032
Amortization of net unrealized loss on available-for-sale securities transferred to held-to-maturity $ 1,065 $ 1,149