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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 2,087 $ 5,096
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 4,000 1,500
Share based compensation expense 279 69
Loss on sale of other real estate owned   375
Amortization of premium on securities, net 8 13
Accretion of fees on derivative instruments (51) (23)
Accretion of SBA Paycheck Protection Program fees (1,350) (7,633)
Depreciation, amortization and accretion (388) 77
Earnings on bank-owned life insurance (144) (128)
Changes in operating assets and liabilities:    
Proceeds from sale of loans held for sale   2,345
Accrued interest receivable and other assets (15,862) 180
Accrued interest payable and other liabilities 12,303 712
Net cash provided by operating activities 882 2,583
Cash flows from investing activities:    
Net increase in interest bearing deposits in other banks   (2)
Increase in non-marketable equity securities (3,800) (18)
Investment securities available-for-sale activity:    
Purchases (101,082)  
Maturities, calls and principal paydowns 698 840
Termination fee proceeds from derivative instruments   945
Net originations on loans held for investment (376,993) (129,034)
Net additions to bank premises and equipment (2,324) (399)
Deposit proceeds from pending sales of foreclosed assets 10  
Proceeds from sales of foreclosed assets   520
Net cash used in investing activities (483,491) (127,148)
Cash flows from financing activities:    
Net increase in deposits 446,060 179,453
Net repayment of FHLB Advances   (20,000)
Proceeds from subordinated debt offering 80,507  
Repayment of notes payable   (375)
Proceeds from stock options exercised 55 616
Net cash provided by financing activities 526,904 159,853
Increase in cash and cash equivalents 44,295 35,288
Cash and cash equivalents at beginning of period 327,025 203,560
Cash and cash equivalents at end of period 371,320 238,848
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 2,023 3,226
Cash paid for income taxes   2,000
Supplemental Disclosure of Noncash Investing and Financing Activities:    
Initial recognition of lease liability 10,890  
Net increase in fair value of ESOP-owned shares   (317)
ESOP Contributions    
Cash flows from financing activities:    
Proceeds from issuance of common stock $ 282 $ 159