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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
OPERATING ACTIVITIES    
Net income, before noncontrolling interest $ 3,559 $ 4,502
Adjustments to reconcile net income, before noncontrolling interest, to net cash from operating activities:    
Net amortization and accretion of investments 248 525
Net amortization of deferred loan costs 318 320
Provision for credit losses 177 1,997
Depreciation and amortization 776 1,102
Stock-based compensation 711 780
Stock-based compensation related to equity method investments 104 104
Holding loss on equity securities 266 49
(Gain) loss on sale of available-for-sale securities, net 42 (658)
Loss on sale of loans held-for-investment 69 0
Gain on divestiture activity (608) 0
Income on bank-owned life insurance (299) (282)
Deferred income taxes 76 20
Equity method investments (income) loss (645) 1,128
Return on equity method investments (104) 0
Other assets 11,870 (23,847)
Other liabilities (2,432) (11,001)
Net cash from operating activities 14,128 (25,261)
INVESTING ACTIVITIES    
Purchases of available-for-sale investment securities (32,868) (34,833)
Net maturities/paydowns of available-for-sale investment securities 27,251 2,075
Sales of available-for-sale investment securities 515 11,711
Purchases of premises and equipment (261) (921)
Disposals of premises and equipment 150 54
Net change in loans 7,341 49,276
Proceeds of loans held-for-investment sold 27,678 0
Investment in equity method investments 0 (1,564)
Purchase of equity securities (2,000) 0
Proceeds from divestiture, net 3,463 0
Net cash from investing activities 31,269 25,798
FINANCING ACTIVITIES    
Net change in deposits (111,019) 243,853
Net change in repurchase agreements 1,288 (1,011)
Principal payments on senior term loan 0 (250)
Common stock options exercised 72 1,213
Cash dividends paid on common stock (2,201) (2,145)
Net cash from financing activities (111,860) 241,660
Net change in cash and cash equivalents (66,463) 242,197
Cash and cash equivalents, beginning of period 317,913 398,229
Cash and cash equivalents, end of period 251,450 640,426
Cash payments for:    
Interest on deposits, repurchase agreements and borrowings 19,196 19,212
Income taxes 116 117
Supplemental disclosure of cash flow information:    
Change in unrealized holding losses on securities available-for-sale 2,712 (4,144)
Loans transferred out of loans held-for-sale 0 629
Equity method investment distribution receivable $ 0 $ 12,633