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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES      
Net income before noncontrolling interest $ 20,245 $ 31,006 $ 14,387
Adjustments to reconcile net income to net cash from operating activities:      
Net amortization and accretion of investments 1,937 2,072 2,596
Net amortization of deferred loan costs 1,703 1,347 2,526
Provision (release of allowance) for credit losses 3,541 (1,921) 14,194
Depreciation and amortization 3,931 5,003 5,322
Stock-based compensation 2,913 2,658 2,800
Stock-based compensation related to equity method investments 417 734 417
Loans originated for sale (3,305) (1,804) (101,382)
Proceeds of loans held-for-sale sold 4,162 30,725 79,602
Holding (gain) loss on equity securities (1,184) (146) 1,543
(Gain) loss on sale of available-for-sale securities, net (658) 1,536 (650)
(Gain) loss on sale of equity securities, net (103) 269 56
Gain on sale of loans held-for-sale (242) (1,065) (5,487)
(Gain) loss on sale of loans held for investment (796) 1,809 3,832
Gain on sale of discontinued operations 0 (11,800) 0
Loss on acquisition and divestiture activity 0 986 0
(Gain) loss on sale of other real estate owned 160 (170) (47)
Gain on sale of assets (11,703) 0 0
Income on bank-owned life insurance (1,168) (1,048) (975)
Deferred income taxes 2,196 97 (3,631)
Equity method investments (income) loss (1,421) 2,499 713
Equity method investment gain 0 0 (1,874)
Return on equity method investments 868 714 8,275
Changes in other assets (22,045) (6,925) (2,438)
Changes in other liabilities 267 1,657 (12,426)
Net cash from operating activities (285) 58,233 7,353
INVESTING ACTIVITIES      
Purchases of available-for-sale investment securities (111,761) (89,522) (89,600)
Maturities/paydowns of available-for-sale investment securities 17,374 76,631 20,973
Sales of available-for-sale investment securities 24,327 54,531 60,635
Purchases of premises and equipment (1,620) (1,915) (3,041)
Disposals of premises and equipment   425 49
Net proceeds from sale of assets 17,307    
Net change in loans 199,581 39,092 (576,303)
Proceeds of loans held for investment sold 1,246 14,934 61,659
Purchases of restricted bank stock 0 0 (61,245)
Redemptions of restricted bank stock 0 0 53,048
Proceeds from maturities of certificates of deposit with banks 0 0 2,719
Proceeds from sale of other real estate owned 167 539 1,482
Purchase of bank-owned life insurance 0 0 (7)
Investment in equity method investments (1,948) (2,744) (38,400)
Purchase of equity securities (353) (345) (4,452)
Proceeds from sale of equity securities 143 566 1,356
Net cash transferred for sale of discontinued operations 0 (3,935) 0
Net cash transferred in divestiture activity 0 (8) 0
Net cash from investing activities 144,463 88,249 (571,127)
FINANCING ACTIVITIES      
Net change in deposits (207,861) 330,994 192,877
Net change in repurchase agreements (2,062) (5,216) (1,348)
Net change in FHLB and other borrowings 0 (102,333) 102,333
Issuance of senior term loan 0 0 10,000
Principal payments on senior term loan (6,845) (3,030) (125)
Common stock options exercised 1,489 637 2,069
Withholding cash issued in lieu of restricted stock (443) (846) (670)
Cash dividends paid on common stock (8,772) (8,639) (8,355)
Redemption of noncontrolling interest 0 (100) 0
Stock purchase from noncontrolling interest 0 0 (41)
Net cash from financing activities (224,494) 211,467 296,617
Net change in cash and cash equivalents (80,316) 357,949 (267,157)
Cash and cash equivalents, beginning of period 398,229 40,280 307,437
Cash and cash equivalents, end of period 317,913 398,229 40,280
Cash payments for:      
Interest on deposits, repurchase agreements and borrowings 73,242 66,708 12,285
Income taxes 924 13,082 2,285
Supplemental disclosure of cash flow information:      
Loans transferred to other real estate owned 2,328 0 299
Change in unrealized holding gains (losses) on securities available-for-sale (2,416) (11,828) 47,508
Restricted stock units vested 112 130 75
Tax withholding obligations on restricted stock units issued 26 98 18
Creation of servicing assets from loan sales 69 501 1,296
Loans transferred to loans held-for-sale 0 6,621 914
Common stock issued related to acquisitions 0 0 9,579
Impact of adopting ASC 326, net of tax 0 6,642 0
Creation of right-of-use asset (15,505) 0 0
Creation of lease liability 15,505 0 0
Receivable from loan sale 12,000 0 0
Senior Loans      
FINANCING ACTIVITIES      
Payment of senior debt issuance costs $ 0 $ 0 $ (123)