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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES    
Net income, before noncontrolling interest $ 5,561 $ 8,651
Adjustments to reconcile net income, before noncontrolling interest, to net cash from operating activities:    
Net amortization and accretion of investments 449 1,131
Net amortization of deferred loan costs 651 654
Provision for credit losses 2,167 2,251
Depreciation and amortization 1,558 2,141
Stock-based compensation 1,607 1,594
Stock-based compensation related to equity method investments 208 208
Holding loss on equity securities 640 35
Gain on sale of available-for-sale securities, net (48) (658)
Gain on sale of equity securities, net (118) (103)
Loss on sale of loans held-for-investment 149 0
Gain on divestiture activity (608) 0
Income on bank-owned life insurance (603) (569)
Deferred income taxes (63) (474)
Equity method investments (income) loss (2,960) 644
Return on equity method investments (208) 0
Other assets 22,758 (9,411)
Other liabilities (9,573) (4,470)
Net cash provided by operating activities 21,567 1,624
INVESTING ACTIVITIES    
Purchases of available-for-sale investment securities (74,430) (48,205)
Net maturities/paydowns of available-for-sale investment securities 59,344 5,449
Sales of available-for-sale investment securities 29,480 24,327
Purchases of premises and equipment (452) (1,177)
Disposals of premises and equipment 150 67
Net change in loans (83,455) 108,485
Proceeds from the sale of loans held-for-investment 27,678 0
Proceeds from sale of other real estate owned 1,229 0
Investment in equity method investments 0 (1,669)
Purchase of equity securities (2,050) (146)
Proceeds from divestiture, net 3,463 0
Proceeds from sale of equity securities 188 39
Net cash (used in) provided by investing activities (38,855) 87,170
FINANCING ACTIVITIES    
Net change in deposits 109,606 (18,624)
Net change in repurchase agreements 268 (2,455)
Principal payments on senior term loan 0 (6,850)
Common stock options exercised 72 1,241
Withholding cash issued in lieu of restricted stock (402) 0
Cash dividends paid on common stock (4,410) (481)
Cash dividends paid on preferred stock 0 (4,337)
Repurchase of common stock (6,380) 0
Net cash provided by (used in) financing activities 98,754 (31,506)
Net change in cash and cash equivalents 81,466 57,288
Cash and cash equivalents, beginning of period 317,913 398,229
Cash and cash equivalents, end of period 399,379 455,517
Cash payments for:    
Interest on deposits, repurchase agreements and borrowings 36,873 38,239
Income taxes 3,856 189
Supplemental disclosure of cash flow information:    
Change in unrealized holding losses on securities available-for-sale (62) (1,977)
Restricted stock units vested 79 111
Employee stock-based compensation tax withholding obligations 0 (26)
Loans transferred out of loans held-for-sale 0 (629)
Equity method investment distribution receivable $ 0 $ 944