v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash Flows From Operating Activities:    
Net income $ (56,022,000) $ 12,448,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Provision for credit losses 81,729,000 20,034,000
Goodwill impairment 12,900,000 0
Depreciation and amortization 4,290,000 4,432,000
Change in right of use asset 509,000 276,000
Amortization/Accretion of investments (3,126,000) (2,556,000)
Loss (gain) on sale of assets 623,000 (14,535,000)
Repossessed asset write downs, gains and losses on dispositions 433,000 397,000
Interest expense paid-in-kind 2,474,000 0
FHLB stock dividends (500,000) (775,000)
Change in operating lease liabilities (474,000) (258,000)
Change in other assets and liabilities, net (51,116,000) 14,266,000
Net Cash (Used In) Provided by Operating Activities (8,280,000) 33,729,000
Cash Flows From Investing Activities:    
Increase in interest bearing deposits 0 (250,000)
Proceeds from maturities, calls and sales of AFS securities 201,380,000 169,497,000
Funds invested in AFS securities (587,765,000) (365,491,000)
Proceeds from maturities and calls of HTM securities 970,000 0
Funds invested in HTM securities (970,000) 0
Proceeds from sale/redemption of Federal Home Loan Bank stock 0 8,724,000
Funds invested in Federal Home Loan Bank stock 0 (4,265,000)
Net decrease in loans 516,698,000 36,826,000
Purchases of premises and equipment (1,696,000) (3,044,000)
Proceeds from sales of premises and equipment 1,138,000 14,981,000
Proceeds from sales of other real estate owned 142,000 953,000
Net Cash Provided By (Used In) Investing Activities 129,897,000 (142,069,000)
Cash Flows From Financing Activities:    
Net increase in deposits 156,617,000 467,166,000
Net increase (decrease)in federal funds purchased and short-term borrowings 110,000 (59,288,000)
Proceeds of long-term borrowings, net of costs 0 29,700,000
Repayment of long-term borrowings (1,008,000) (44,030,000)
Proceeds from issuance of common stock 7,046,000 0
Dividends paid on preferred stock (2,329,000) (2,328,000)
Dividends paid on common stock (560,000) (5,127,000)
Net Cash Provided By Financing Activities 159,876,000 386,093,000
Net Increase In Cash and Cash Equivalents 281,493,000 277,753,000
Cash and Cash Equivalents at the Beginning of the Period 564,208,000 286,455,000
Cash and Cash Equivalents at the End of the Period 845,701,000 564,208,000
Noncash Activities:    
Acquisition of real estate in settlement of loans 30,985,000 423,000
Premises transferred to other real estate owned 4,352,000
Common stock issued for stock grants 0 334,000
Common stock issued for debt conversion 15,000,000 0
Common stock issued for payment-in-kind 2,474,000 0
Cash Paid During the Period:    
Interest on deposits and borrowed funds 129,137,000 124,638,000
Federal 4,100,000 0
State $ 50,000 $ 0