XML 120 R106.htm IDEA: XBRL DOCUMENT v3.24.1
Parent Company-only Financial Statements - Condensed Statements of Cash Flows (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:      
Net (loss) income $ (4,179) $ 6,161 $ 5,094
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:      
Share-based compensation 105 86 150
Amortization of debt issuance costs 177 38 111
(Increase) decrease in other assets (1,750) 879 2,124
(Decrease) increase in accrued expenses and other liabilities (500) (2,085) 3,160
Net cash (used in) provided by operating activities (10,715) 7,036 7,596
Cash Flows from Investing Activities:      
Net cash used in investing activities (27,176) (122,051) (55,205)
Cash Flows from Financing Activities:      
Proceeds from issuance of senior notes 0 12,000 0
Repayments of senior notes 0 (12,000) 0
Net cash provided by financing activities 65,934 106,463 60,018
Net increase (decrease) in cash, cash equivalents and restricted cash 28,043 (8,552) 12,409
Cash and cash equivalents at beginning of year 38,493 47,045 34,636
Cash and cash equivalents at end of year 66,536 38,493 47,045
Supplemental Disclosures of Cash Flow Information:      
Cash paid for interest 29,631 10,472 7,210
Supplemental Disclosure of Non-cash Activity:      
Net change in unrealized (gain) loss on available-for-sale securities (384) 14,008 1,119
Deferred debt issuance costs 56 360 0
Retained earnings adjustment - ASC 326 adoption 11,510 0 0
Parent Company      
Cash Flows from Operating Activities:      
Net (loss) income (4,179) 6,161 5,094
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:      
Equity in undistributed net income (loss) of subsidiary 2,150 (7,642) (6,581)
Dividends received from Patriot Bank, N.A. 2,500 900 500
Share-based compensation 105 86 150
Amortization of debt issuance costs 177 38 111
(Increase) decrease in other assets (14) 99 955
(Decrease) increase in accrued expenses and other liabilities 247 (8) (399)
Net cash (used in) provided by operating activities 986 (366) (170)
Cash Flows from Investing Activities:      
Net increase in investment in Patriot Bank N.A. 0 0 (1)
Net cash used in investing activities 0 0 (1)
Cash Flows from Financing Activities:      
Proceeds from issuance of senior notes 0 12,000 0
Repayments of senior notes 0 (12,000) 0
Net cash provided by financing activities 0 0 0
Net increase (decrease) in cash, cash equivalents and restricted cash 986 (366) (171)
Cash and cash equivalents at beginning of year 11 377 548
Cash and cash equivalents at end of year 997 11 377
Supplemental Disclosures of Cash Flow Information:      
Cash paid for interest 2,034 1,897 1,570
Supplemental Disclosure of Non-cash Activity:      
Net change in unrealized (gain) loss on available-for-sale securities (384) 14,008 1,119
Deferred debt issuance costs 56 360 0
Retained earnings adjustment - ASC 326 adoption $ 11,510 $ 0 $ 0