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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income $ 4,185 $ 2,515
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Net amortization of investment securities (17) (17)
Stock dividends received on correspondent bank stock (128) (95)
Provision for credit losses 80 72
Net gain on loans held for sale (222) (117)
Net gain on mortgage loans (1,067) (1,264)
Origination of mortgage loans held for sale (56,790) (58,748)
Proceeds from mortgage loans 72,609 56,247
Depreciation and amortization 672 625
Net amortization of purchase accounting adjustments 24 162
Deferred Income Tax Expense (Benefit) 224 1,612
Gain (Loss) due to Increase (Decrease) in Cash Surrender Value of Company-Owned Life (110) (105)
Stock-based compensation 422 209
Net gain on other real estate owned (459) 0
Unrealized (gain) loss recognized on equity securities (11) 6
Proceeds (Payments) From Change In Fair Value Of Loans Accounted For Under The Fair Value Option (6) 302
Net changes in operating assets and liabilities:    
Change in accounts receivable 38 205
Change in accrued interest receivable and other assets 308 (1,683)
Change in accrued interest payable and other liabilities (11,740) (2,265)
Net Cash Provided by (Used in) Operating Activities, Total 8,012 (2,339)
Activity in held-to-maturity debt securities:    
Maturities, prepayments, and calls 2,032 1,908
Purchases of correspondent bank stock (110) (296)
Redemption of correspondent bank stock 134 3,085
Contributions to low-income housing tax credit investments (683) (265)
Loan and note receivable originations and principal collections, net 2,602 52,260
Purchases of premises and equipment (1,041) (181)
Proceeds from Sale, Loan and Lease, Held-for-Investment 0 2,950
Purchases of loans (2,329) 0
Proceeds from sale of other real estate owned 32,003 0
Net cash provided by investing activities 32,608 59,461
Cash flows from financing activities    
Net change in deposits 1,188 2,931
Payments to Federal Home Loan Bank borrowings (5,000) (41,175)
Proceeds from Federal Home Loan Bank borrowings 0 56,314
Payments to Federal Reserve borrowings (426) (81,366)
Proceeds from Federal Reserve borrowings 0 10,000
Payments to subordinated note holders (500) 0
Repurchase of common stock (2) 0
Cash paid for withholding taxes on share-based awards (339) (379)
Net cash used in financing activities (5,079) (53,675)
Net change in cash and cash equivalents 35,541 3,447
Cash and cash equivalents, beginning of year 236,041 254,442
Cash and cash equivalents, end of period 271,582 257,889
Supplemental cash flow information:    
Interest paid on deposits and borrowed funds 19,380 23,706
Income tax refund 0 (122)
Cash paid for lease liabilities 929 802
Supplemental noncash disclosures:    
Transfer (to) from loans held for investment to (from) loans held for sale (594) 2,729
Transfer of a redeemed subordinated note to other liabilities 7,500 0
Lease right-of-use-asset obtained in exchange for lease liabilities $ 0 $ 10,910