Consolidated Statement of Cash Flows	3 Months Ended
Mar. 31, 2025
Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows	5. Consolidated Statement of Cash Flows On a consolidated basis, cash and cash equivalents include cash and due from depository institutions, interest bearing deposits and short-term investments in both money market funds and commercial paper. The Company made no income tax payments in the first three months of 2025 and 2024. The Company made total interest payments of $7,459,000 in the first three months of 2025 compared to $8,131,000 in the same 2024 period. The Company had non-cash transfers to other real estate owned (OREO) and repossessed assets of $49,000 in the first three months of 2025 compared to $108,000 of non-cash transfers in the same 2024 period. During the first three months of 2025, the Company did not enter into any new lease agreements. During the first three months of 2024, the Company entered into a new operating lease related to an office location and recorded a right-of-use asset and lease liability of $1.1 million. During the first three months of 2024, the Company entered into two new financing leases related to an office location and equipment and recorded right-of-use assets and lease liabilities of $298,000. The execution of these new leases was partially offset by the termination of two financing leases related to an office location and equipment which led to the write-off of $141,000 of right-of-use assets and lease liabilities during the first three months of 2024.

Consolidated Statement of Cash Flows

3 Months Ended

Mar. 31, 2025

Consolidated Statement of Cash Flows

5. Consolidated Statement of Cash Flows

On a consolidated basis, cash and cash equivalents include cash and due from depository institutions, interest bearing deposits and short-term investments in both money market funds and commercial paper. The Company made no income tax payments in the first three months of 2025 and 2024. The Company made total interest payments of $7,459,000 in the first three months of 2025 compared to $8,131,000 in the same 2024 period. The Company had non-cash transfers to other real estate owned (OREO) and repossessed assets of $49,000 in the first three months of 2025 compared to $108,000 of non-cash transfers in the same 2024 period. During the first three months of 2025, the Company did not enter into any new lease agreements. During the first three months of 2024, the Company entered into a new operating lease related to an office location and recorded a right-of-use asset and lease liability of $1.1 million. During the first three months of 2024, the Company entered into two new financing leases related to an office location and equipment and recorded right-of-use assets and lease liabilities of $298,000. The execution of these new leases was partially offset by the termination of two financing leases related to an office location and equipment which led to the write-off of $141,000 of right-of-use assets and lease liabilities during the first three months of 2024.