v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows From Operating Activities    
Net Income (Loss) $ 2,743 $ (6,166)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for credit losses 2,625 14,548
Depreciation and amortization 977 1,095
Change in right of use asset 229 124
Amortization/Accretion of investments (1,112) (1,430)
(Gain) loss on sale/call of securities (1) 0
Gain on sale of assets (44) (4)
Repossessed asset write downs, gains and losses on dispositions 50 14
Interest expense paid-in-kind 823 0
FHLB stock dividends (118) (129)
Change in operating lease liabilities (230) (115)
Change in other assets and liabilities, net 44,651 (2,548)
Net Cash Provided By Operating Activities 50,593 5,389
Cash Flows From Investing Activities    
Proceeds from maturities and calls of HTM securities 0 2
Proceeds from maturities, calls and sales of AFS securities 54,245 110,649
Funds invested in AFS securities (238,381) (99,276)
Net decrease in loans 139,451 174,355
Purchase of premises and equipment (167) (208)
Proceeds from sales of premises and equipment 338 4
Proceeds from sales of other real estate owned 7,060 130
Net Cash (Used In) Provided By Investing Activities (37,454) 185,656
Cash Flows From Financing Activities    
Net decrease in deposits (125,333) (136,794)
Net increase (decrease) in federal funds purchased and short-term borrowings 0 104
Repayment of long-term borrowings 0 (1,008)
Proceeds from issuance of common stock 1,000 1,581
Dividends paid on preferred stock (582) (582)
Dividends paid on common stock (158) (125)
Net Cash Used In Financing Activities (125,073) (136,824)
Net (Decrease) Increase In Cash and Cash Equivalents (111,934) 54,221
Cash and Cash Equivalents at the Beginning of the Period 845,701 564,208
Cash and Cash Equivalents at the End of the Period 733,767 618,429
Noncash Activities:    
Acquisition of real estate in settlement of loans 882 0
Common stock issued for payment-in-kind 823 0
Cash Paid During The Period:    
Interest on deposits and borrowed funds 26,665 33,172
Federal income taxes $ 0 $ 2,000