v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income $ 6,688 $ 3,591
Adjustments to reconcile net income to net cash used in operating activities:    
Net amortization of investment securities (28) (64)
Stock dividends received on correspondent bank stock (283) (200)
Provision for credit losses 1,853 2,406
Net gain on loans held for sale (222) (117)
Net gain on mortgage loans (2,254) (3,084)
Origination of mortgage loans held for sale (162,424) (172,258)
Proceeds from mortgage loans 166,042 155,046
Depreciation and amortization 1,365 1,256
Net amortization of purchase accounting adjustments 222 68
Deferred income tax expense 253 (1,207)
Purchase of solar tax credits (945) 0
Gain (Loss) due to Increase (Decrease) in Cash Surrender Value of Company-Owned Life (222) (211)
Stock-based compensation 930 631
Net gain on other real estate owned (459) 0
Unrealized (gain) loss recognized on equity securities (14) 8
Proceeds (Payments) From Change In Fair Value Of Loans Accounted For Under The Fair Value Option (32) 617
Net changes in operating assets and liabilities:    
Change in accounts receivable 103 143
Change in accrued interest receivable and other assets 1,281 1,615
Change in accrued interest payable and other liabilities (12,926) (2,069)
Net Cash Provided by (Used in) Operating Activities, Total (1,072) (13,829)
Activity in held-to-maturity debt securities:    
Maturities, prepayments, and calls 4,006 3,937
Purchases (27,946) (8,532)
Purchases of correspondent bank stock (5,247) (6,534)
Redemption of correspondent bank stock 140 3,085
Contributions to low-income housing tax credit investments (959) 0
Loan and note receivable originations and principal collections, net (112,888) 63,813
Purchases of premises and equipment (1,616) (546)
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 (used in) provided by investing activities (114,836) 58,173
Cash flows from financing activities    
Net change in deposits 14,920 (118,147)
Payments to Federal Home Loan Bank borrowings (67,603) (226,200)
Proceeds from Federal Home Loan Bank borrowings 174,734 313,737
Payments to Federal Reserve borrowings (753) (81,743)
Proceeds from Federal Reserve borrowings 0 60,000
Payments to subordinated note holders (8,000) 0
Repurchase of common stock (483) 0
Cash paid for withholding taxes on share-based awards (634) (634)
Net cash provided by (used in) financing activities 112,181 (52,987)
Net change in cash and cash equivalents (3,727) (8,643)
Cash and cash equivalents, beginning of year 236,041 254,442
Cash and cash equivalents, end of period 232,314 245,799
Supplemental cash flow information:    
Interest paid on deposits and borrowed funds 39,961 46,154
Income tax refund 0 93
Cash paid for lease liabilities 1,845 1,417
Supplemental noncash disclosures:    
Transfer to loans held for investment from loans held for sale (594) 0
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 1,758 10,910
CECL adoption $ 0 $ 7,765