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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows From Operating Activities    
Net loss from continuing operations $ (434) $ (2,893)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 378 433
Deferred income tax expense (benefit) 1,417 (372)
Recovery of credit losses - unfunded commitments 0 (1,000)
Accretion of fair value adjustments (discounts) on acquired loans (366) (329)
Accretion of fair value adjustments (premiums) on acquired time deposits and subordinated notes (60) (122)
Fair value adjustments of other equity investments 73 7
Net fair value adjustments attributable to mortgage servicing rights (2) (729)
Increase in cash surrender value of bank owned life insurance (8) (337)
Proceeds from sale of mortgage loans held for sale 22,849 63,401
Mortgage loans held for sale, originated (22,350) (59,707)
Gain on sale of mortgage loans (508) (130)
Proceeds from sale of guaranteed government loans held for sale 0 1,605
Guaranteed government loans held for sale, originated 0 (293)
Gain on sale of guaranteed government loans 0 (102)
Loss (gain) on disposal of premises and equipment, other investments, and other assets 200 (326)
Investment amortization expense, net 49 136
Amortization of subordinated debt issuance costs 9 8
Intangible amortization 244 287
(Increase) decrease in accrued interest receivable (163) 271
Decrease (increase) in other assets 7,780 (2,315)
Decrease in other liabilities (12,696) (5,011)
Cash used in operating activities (3,588) (7,518)
Cash Flows From Investing Activities    
Purchases of securities available for sale (12,388) 0
Proceeds from calls, sales, paydowns, and maturities of securities available for sale 4,196 3,621
Net increase in federal funds sold (887) (2,398)
Proceeds from sale of premises and equipment, other investments, and other assets 25 5,204
Capital calls of SBIC funds and other investments (892) (1,237)
Nonincome distributions from limited liability companies 0 220
Net decrease in loans held for investment 52,556 42,988
Proceeds from surrender of bank owned life insurance policies 212 0
Net change in restricted equity and other investments 457 (3,621)
Purchases of premises and equipment (25) (53)
Cash provided by investing activities 43,254 44,724
Cash Flows From Financing Activities:    
Net increase (decrease) in demand, savings, and other interest-bearing deposits 36,773 (164,181)
Net (decrease) increase in time deposits (86,703) 64,022
FHLB advances 0 350,000
FHLB repayments 0 (280,000)
Exercises of warrants to purchase common stock 6,905 0
Cash (used in) provided by financing activities (43,025) (30,159)
Net increase in cash and due from banks (3,359) 7,047
Cash and due from banks and restricted cash at beginning of period 175,992 121,151
Cash and due from banks and restricted cash at end of period 172,633 128,198
Supplemental Schedule of Cash Flow Information    
Interest 18,265 20,786
Income taxes 1,000 0
Non-cash investing and financing activities:    
Unrealized gains (losses) on securities available for sale 5,223 (2,930)
Restricted stock awards, net of forfeitures $ 224 $ 368