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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
OPERATING ACTIVITIES    
Net income, before noncontrolling interest $ 22,697 $ 10,807
Adjustments to reconcile net income, before noncontrolling interest, to net cash from operating activities:    
Net amortization and accretion of investments 515 1,583
Net amortization of deferred loan costs 1,074 1,478
Provision for credit losses 6,594 3,210
Depreciation and amortization 2,156 3,071
Stock-based compensation 2,923 2,454
Holding gain on equity securities (217) (463)
Loss (gain) on sale of available-for-sale securities, net 7,447 (658)
Gain on sale of equity securities, net (118) (103)
Loss (gain) on sale of loans held-for-investment 149 (26)
Gain on divestiture activity (34,694) 0
Loss on sale of other real estate owned 179 0
Income on bank-owned life insurance (942) (867)
Deferred income taxes 39 (340)
Equity method investments income (5,355) (102)
Return on equity method investments 0 632
Other assets 19,728 (8,460)
Other liabilities (3,172) (1,954)
Net cash (used in) provided by operating activities 19,003 10,262
INVESTING ACTIVITIES    
Purchases of available-for-sale investment securities (103,520) (57,956)
Net maturities/paydowns of available-for-sale investment securities 102,007 10,377
Sales of available-for-sale investment securities 30,910 24,327
Purchases of premises and equipment (1,407) (1,486)
Disposals of premises and equipment 205 69
Net change in loans (190,845) 141,028
Proceeds from the sale of loans held-for-investment 27,678 636
Proceeds from sale of other real estate owned 1,988 0
Purchase of bank-owned life insurance (13,065) 0
Investment in equity method investments 0 (1,948)
Purchase of equity securities (2,050) (147)
Proceeds from sale of equity securities 769 39
Proceeds from divestiture, net 45,745 0
Net cash (used in) provided by investing activities (101,585) 114,939
FINANCING ACTIVITIES    
Net change in deposits 81,261 100,172
Net change in repurchase agreements 216 (66)
Principal payments on senior term loan 0 (6,850)
Common stock options exercised 230 1,241
Withholding cash issued in lieu of restricted stock (432) (481)
Cash dividends paid on common stock (6,546) (6,535)
Repurchase of common stock (10,018) 0
Net cash provided by financing activities 64,711 87,481
Net change in cash and cash equivalents (17,871) 212,682
Cash and cash equivalents, beginning of period 317,913 398,229
Cash and cash equivalents, end of period 300,042 610,911
Cash payments for:    
Interest on deposits, repurchase agreements and borrowings 54,374 57,487
Income taxes 5,108 592
Supplemental disclosure of cash flow information:    
Unsettled proceeds from sale of available-for-sale securities 64,883 0
Change in unrealized holding losses on securities available-for-sale 16,538 7,226
Restricted stock units vested 83 111
Employee stock-based compensation tax withholding obligations 0 (26)
Loans transferred out of loans held-for-sale $ 0 $ (629)