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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING ACTIVITIES    
Net income, before noncontrolling interest $ 4,502 $ 11,220
Adjustments to reconcile net income, before noncontrolling interest, to net cash from operating activities:    
Net amortization and accretion of investments 525 569
Net amortization of deferred loan costs 320 541
Provision for credit losses 1,997 4,576
Depreciation and amortization 1,102 1,424
Stock-based compensation 780 831
Stock-based compensation related to equity method investments 104 69
Loans originated for sale 0 (402)
Proceeds of loans held-for-sale sold 0 3,551
Holding loss on equity securities 49 308
(Gain) loss on sale of available-for-sale securities, net (658) 1,536
Gain on sale of loans held-for-sale 0 (205)
Loss on sale of loans held-for-investment 0 561
Gain on sale of discontinued operations 0 (11,800)
Gain on sale of other real estate owned 0 (137)
Income on bank-owned life insurance (282) (260)
Deferred income taxes 20 22
Equity method investments loss 1,128 1,193
Other assets (23,847) (24,180)
Other liabilities (11,001) 5,812
Net cash from operating activities (25,261) (4,771)
INVESTING ACTIVITIES    
Purchases of available-for-sale investment securities (34,833) (10,417)
Net maturities/paydowns of available-for-sale investment securities 2,075 3,503
Sales of available-for-sale investment securities 11,711 54,531
Purchases of premises and equipment (921) (908)
Disposals of premises and equipment 54 427
Net change in loans 49,276 25,378
Proceeds of loans held-for-investment sold 0 130
Proceeds from sale of other real estate owned 0 374
Investment in equity method investments (1,564) (119)
Purchase of equity securities 0 (140)
Net cash transferred for sale of discontinued operations 0 (3,935)
Net cash from investing activities 25,798 68,824
FINANCING ACTIVITIES    
Net change in deposits 243,853 580,333
Net change in repurchase agreements (1,011) (4,618)
Net change in FHLB and other borrowings 0 (102,333)
Principal payments on senior term loan (250) (131)
Common stock options exercised 1,213 70
Withholding cash issued in lieu of restricted stock 0 (243)
Cash dividends paid on common stock (2,145) (2,146)
Net cash from financing activities 241,660 470,932
Net change in cash and cash equivalents 242,197 534,985
Cash and cash equivalents, beginning of period 398,229 40,280
Cash and cash equivalents, end of period 640,426 575,265
Cash payments for:    
Interest on deposits, repurchase agreements and borrowings 19,212 12,152
Income taxes 117 25
Supplemental disclosure of cash flow information:    
Change in unrealized holding losses on securities available-for-sale (4,144) 9,241
Employee stock-based compensation tax withholding obligations 0 (13)
Impact of adopting ASC 326, net of tax 0 6,642
Loans transferred to (out of) loans held-for-sale (629)  
Loans transferred to (out of) loans held-for-sale   232
Due from broker for available-for-sale investment securities sold $ 12,633 $ 0