XML 128 R110.htm IDEA: XBRL DOCUMENT v3.25.1
Parent Company-only Financial Statements - Schedule of Condensed Statements of Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:      
Net (loss) income $ (39,882) $ (4,179) $ 6,161
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:      
Share-based compensation expense 184 105 86
Amortization of debt issuance costs 177 177 38
(Increase) decrease in other assets (1,123) 1,750 (879)
Increase (decrease) in accrued expenses and other liabilities (103) (500) (2,085)
Net cash provided by (used in) operating activities 2,683 (10,715) 7,036
Cash Flows from Investing Activities:      
Net cash provided by (used in) investing activities 135,011 (27,176) (122,051)
Cash Flows from Financing Activities:      
Proceeds from issuance of senior notes 0 0 12,000
Principal repayments of senior notes 0 0 (12,000)
Net cash (used in) provided by financing activities (41,620) 65,934 106,463
Net increase (decrease) in cash, cash equivalents and restricted cash 96,074 28,043 (8,552)
Cash, cash equivalents and restricted cash at beginning of period 66,536 38,493 47,045
Cash, cash equivalents and restricted cash at end of period 162,610 66,536 38,493
Supplemental Disclosures of Cash Flow Information:      
Cash paid for interest 31,924 29,631 10,472
Supplemental Disclosure of Non-cash Activity:      
Change in unrealized loss (gain) on available-for-sale securities, net of tax 420 (384) 14,008
Deferred debt issuance costs 0 56 360
Retained earnings adjustment - ASC 326 adoption 0 11,510 0
Parent Company      
Cash Flows from Operating Activities:      
Net (loss) income (39,882) (4,179) 6,161
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:      
Equity in undistributed net loss (income) of subsidiary 37,682 2,150 (7,642)
Dividends received from Patriot Bank, N.A. 950 2,500 900
Share-based compensation expense 184 105 86
Amortization of debt issuance costs 177 177 38
(Increase) decrease in other assets (4) (14) 99
Increase (decrease) in accrued expenses and other liabilities 148 247 (8)
Net cash provided by (used in) operating activities (745) 986 (366)
Cash Flows from Investing Activities:      
Net increase in investment in Patriot Bank N.A. 0 0 0
Net cash provided by (used in) investing activities 0 0 0
Cash Flows from Financing Activities:      
Proceeds from issuance of senior notes 0 0 12,000
Principal repayments of senior notes 0 0 (12,000)
Net cash (used in) provided by financing activities 0 0 0
Net increase (decrease) in cash, cash equivalents and restricted cash (745) 986 (366)
Cash, cash equivalents and restricted cash at beginning of period 997 11 377
Cash, cash equivalents and restricted cash at end of period 252 997 11
Supplemental Disclosures of Cash Flow Information:      
Cash paid for interest 2,232 2,034 1,897
Supplemental Disclosure of Non-cash Activity:      
Change in unrealized loss (gain) on available-for-sale securities, net of tax (420) (384) 14,008
Deferred debt issuance costs 0 56 360
Retained earnings adjustment - ASC 326 adoption $ 0 $ 11,510 $ 0