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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES    
Net income, before noncontrolling interest $ 8,651 $ 19,218
Adjustments to reconcile net income, before noncontrolling interest, to net cash from operating activities:    
Net amortization and accretion of investments 1,131 988
Net amortization of deferred loan costs 654 831
Provision for credit losses 2,251 341
Depreciation and amortization 2,141 2,683
Stock-based compensation 1,594 1,623
Stock-based compensation related to equity method investments 208 173
Loans originated for sale 0 (402)
Proceeds of loans held-for-sale sold 0 23,562
Holding loss on equity securities 35 148
(Gain) loss on sale of available-for-sale securities, net (658) 1,536
(Gain) loss on sale of equity securities, net (103) 294
Gain on sale of loans held-for-sale 0 (154)
Loss on sale of loans held-for-investment 0 1,499
Gain on sale of discontinued operations 0 (11,800)
Loss on acquisition and divestiture activity 0 986
Gain on sale of other real estate owned 0 (138)
Income on bank-owned life insurance (569) (507)
Deferred income taxes (474) 59
Equity method investments (income) loss 644 (680)
Return on equity method investments 0 308
Other assets (9,411) (6,552)
Other liabilities (4,470) (3,403)
Net cash from operating activities 1,624 30,613
INVESTING ACTIVITIES    
Purchases of available-for-sale investment securities (48,205) (60,425)
Net maturities/paydowns of available-for-sale investment securities 5,449 55,791
Sales of available-for-sale investment securities 24,327 54,531
Purchases of premises and equipment (1,177) (1,213)
Disposals of premises and equipment 67 425
Net change in loans 108,485 55,030
Proceeds of loans held-for-investment sold 0 9,502
Proceeds from sale of other real estate owned 0 385
Investment in equity method investments (1,669) 0
Purchase of equity securities (146) (300)
Proceeds from sale of equity securities 39 206
Net cash transferred for sale of discontinued operations 0 (3,935)
Net cash transferred in divestiture activity 0 (8)
Net cash from investing activities 87,170 109,989
FINANCING ACTIVITIES    
Net change in deposits (18,624) 388,457
Net change in repurchase agreements (2,455) (5,239)
Net change in FHLB and other borrowings 0 (102,333)
Principal payments on senior term loan (6,850) (956)
Common stock options exercised 1,241 113
Withholding cash issued in lieu of restricted stock (481) (680)
Cash dividends paid on common stock (4,337) (4,309)
Redemption of noncontrolling interest 0 (100)
Net cash from financing activities (31,506) 274,953
Net change in cash and cash equivalents 57,288 415,555
Cash and cash equivalents, beginning of period 398,229 40,280
Cash and cash equivalents, end of period 455,517 455,835
Cash payments for:    
Interest on deposits, repurchase agreements and borrowings 38,239 30,233
Income taxes 189 10,235
Supplemental disclosure of cash flow information:    
Change in unrealized holding losses on securities available-for-sale (1,977) 4,154
Restricted stock units vested 111 131
Employee stock-based compensation tax withholding obligations (26) (36)
Impact of adopting ASC 326, net of tax 0 6,642
Creation of servicing assets from loan sales 0 406
Loans transferred to (out of) loans held-for-sale (629)  
Loans transferred to (out of) loans held-for-sale   7,909
Equity method investment distribution receivable $ 944 $ 0