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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash Flows From Operating Activities    
Net loss from continuing operations $ (15,385) $ (51,773)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Goodwill impairment 0 26,826
Depreciation and amortization 1,532 1,696
Deferred income tax benefit (6,186) (7,055)
(Recovery of) provision for credit losses - loans (2,900) 24,703
Recovery of credit losses - unfunded commitments (2,200) (2,380)
Accretion of fair value adjustments (discounts) on acquired loans (1,148) (2,611)
Accretion of fair value adjustments (premiums) on acquired time deposits and subordinated notes (398) (898)
Fair value adjustments of other equity investments 8,152 110
Realized loss on sale of available for sale securities 67 649
Realized loss on sale of other equity securities and other investments 0 1,636
Net fair value adjustments attributable to mortgage servicing rights (629) 1,878
Loss on sale of mortgage servicing rights 3,607 0
(Increase) decrease in cash surrender value of bank owned life insurance (855) 1,195
Proceeds from sale of other loans held for sale 25,250 0
Proceeds from sale of mortgage loans held for sale 220,694 251,797
Mortgage loans held for sale, originated (211,840) (248,721)
Gain on sale of mortgage loans (2,425) (2,098)
Proceeds from sale of guaranteed government loans held for sale 1,636 82,524
Guaranteed government loans held for sale, originated (293) (36,661)
Gain on sale of guaranteed government loans (102) (5,704)
(Gain) loss on disposal of premises and equipment and other assets (14) 530
Investment amortization expense, net 513 653
Amortization of subordinated debt issuance costs 34 35
Intangible amortization 1,083 1,295
Decrease (increase) in accrued interest receivable 2,430 (3,398)
Increase in other assets (18,695) (15,736)
(Decrease) increase in other liabilities (8,238) 25,564
Cash (used in) provided by operating activities (6,310) 44,056
Cash Flows From Investing Activities    
Purchases of securities available for sale (15,382) 0
Proceeds from calls, sales, paydowns, and maturities of securities available for sale 26,954 32,708
Net decrease (increase) in federal funds sold 3,613 (3,025)
Proceeds from sale of other investments, other assets, and other real estate owned 13,273 8,118
Capital calls of SBIC funds and other investments (2,834) (5,128)
Nonincome distributions from limited liability companies 741 1,671
Net decrease (increase) in loans held for investment 321,796 (60,544)
Proceeds from surrender of bank owned life insurance policies 48,225 0
Proceeds from sale of mortgage servicing rights 24,249 0
Proceeds from sale of LSMG 0 250
Net change in restricted equity and other investments (1,018) 2,682
Purchase of premises and equipment (588) (961)
Proceeds from sale of premises and equipment and other assets 4 1,016
Cash provided by (used in) investing activities 419,033 (23,213)
Cash Flows From Financing Activities    
Net decrease in demand, savings, and other interest-bearing deposits (521,285) (436,839)
Net increase in time deposits 134,993 501,162
FHLB advances 726,000 1,940,000
FHLB repayments (786,000) (2,041,700)
FRB advances 0 65,000
FRB repayments (65,000) (51)
Proceeds from Private Placements, net of issuance costs 152,140 0
Common stock dividends paid 0 (4,641)
Warrant exercises 1,270 0
Stock option exercises 0 26
Dividend reinvestment plan issuances 0 77
Cash (used in) provided by financing activities (357,882) 23,034
Net increase in cash and due from banks 54,841 43,877
Cash and due from banks and restricted cash at beginning of period 121,151 77,274
Cash and due from banks and restricted cash at end of period 175,992 121,151
Supplemental Schedule of Cash Flow Information    
Interest 83,528 67,868
Income taxes 0 6,656
Non-cash investing and financing activities:    
Loans held for investment transferred to loans held for sale 14,387 0
Loans held for sale transferred to loans held for investment 3,328 0
Loans held for investment transferred to other real estate owned 409 0
Unrealized gains (losses) on securities available for sale 3,272 (592)
Restricted stock awards, net of forfeitures 1,180 1,573
Conversion of preferred stock into common stock 116,035 0
Change in goodwill 0 (26,826)
Cumulative effect adjustment due to adoption of accounting standard, net of income taxes $ 0 $ (8,111)