v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows From Operating Activities    
Net (loss) income $ (459) $ 862
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 731 703
Deferred income tax (benefit) expense (222) 1,408
Provision for (recovery of) credit losses - loans 2,900 (700)
Provision for credit losses - unfunded commitments 550 0
Accretion of fair value adjustments on acquired loans, time deposits, and subordinated notes (338) (845)
Proceeds from sale of mortgage loans held for sale 0 42,075
Mortgage loans held for sale, originated 0 (34,316)
Gain on sale of mortgage loans 0 (541)
Realized loss on sale of securities available for sale 123 0
(Gain) loss on disposal of premises and equipment, other assets, and other real estate owned (12) 250
Investment amortization expense, net (8) 145
Amortization of subordinated debt issuance costs 0 188
Intangible amortization 393 478
Decrease in accrued interest receivable 647 826
Decrease in other assets 15,024 11,085
Decrease in other liabilities (2,567) (14,550)
Cash provided by operating activities 16,762 7,068
Cash Flows From Investing Activities    
Purchases of securities available for sale (11,086) (21,174)
Proceeds from calls, sales, paydowns, and maturities of securities available for sale 25,993 10,643
Net (increase) decrease in federal funds sold (502) 210
Proceeds from sale of premises and equipment, other assets, MSRs, and other real estate owned 147 395
Capital calls on other investments (379) (1,544)
Purchases of loans held for investment (17,310) 0
Net change in loans held for investment, excluding purchased loans 29,063 133,821
Proceeds from surrender of bank owned life insurance policies 0 212
Net change in restricted equity and other investments 2,800 346
Purchase of premises and equipment (678) (152)
Other investment activities 2,596 53
Cash provided by investing activities 30,644 122,810
Cash Flows From Financing Activities:    
Net (decrease) increase in demand, savings, and other interest-bearing deposits (21,099) 6,185
Net increase (decrease) in non-brokered time deposits 25,193 (68,876)
Net decrease in brokered time deposits (52,924) (106,425)
Subordinated note repayments 0 (15,000)
Common stock dividends paid (53,171) 0
Warrants exercised 337 9,445
Cash used in financing activities (101,664) (174,671)
Net decrease in cash and due from banks (54,258) (44,793)
Cash and due from banks at beginning of period 115,949 175,992
Cash and due from banks at end of period 61,691 131,199
Supplemental Schedule of Cash Flow Information    
Interest 25,161 33,155
Income taxes 1,685 2,160
Non-cash investing and financing activities:    
Loans held for investment transferred to other real estate owned 41 0
Loans held for investment transferred to other non-real estate owned 0 222
Unrealized (loss) gains on securities available for sale (1,135) 5,182
Restricted stock award grants and related compensation expense 612 2,501
Restricted stock award forfeitures and cancellations $ (377) $ (103)