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 income (loss) $ 6,174 $ (13,469)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for credit losses 5,250 31,158
Depreciation and amortization 1,997 2,189
Change in right of use asset 11,028 251
Amortization/Accretion of investments (2,107) (2,105)
(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 127 24
Interest expense paid-in-kind 1,617 708
FHLB stock dividends (227) (250)
Change in operating lease liabilities (11,098) (233)
Change in other assets and liabilities, net 37,168 (31,197)
Net Cash Provided By (Used In) Operating Activities 49,884 (12,928)
Cash Flows From Investing Activities    
Proceeds from maturities and calls of HTM securities 0 0
Proceeds from maturities, calls and sales of AFS securities 112,646 119,937
Funds invested in certificates of deposit 0 0
Funds invested in AFS securities (338,108) (231,470)
Funds invested in preferred securities 0 0
Proceeds from redemption of preferred securities 0 0
Funds invested in Federal Home Loan Bank stock 0 0
Proceeds from sale/redemption of Federal Home Loan Bank stock 0 0
Net decrease in loans 290,965 268,151
Purchase of premises and equipment (14,819) (481)
Proceeds from sales of premises and equipment 338 4
Proceeds from sales of other real estate owned 7,173 130
Net Cash Provided By Investing Activities 58,195 156,271
Cash Flows From Financing Activities    
Net (decrease) increase in deposits (175,825) 5,078
Net increase in federal funds purchased and short-term borrowings 108 108
Proceeds from long-term borrowings 0 0
Repayment of long-term borrowings 0 (1,008)
Proceeds from subordinated debentures 0 0
Proceeds from issuance of common stock 5,000 4,559
Dividends paid on preferred stock (1,164) (1,164)
Dividends paid on common stock (323) (254)
Net Cash (Used In) Provided By Financing Activities (172,204) 7,319
Net (Decrease) Increase In Cash and Cash Equivalents (64,125) 150,662
Cash and Cash Equivalents at the Beginning of the Period 845,701 564,208
Cash and Cash Equivalents at the End of the Period 781,576 714,870
Noncash Activities:    
Acquisition of real estate in settlement of loans 1,921 7,515
Common stock issued for payment-in-kind 1,617 708
Common stock issued for debt conversion 0 15,000
Cash Paid During The Period:    
Interest on deposits and borrowed funds 60,734 65,260
Federal income taxes (1,600) 2,500
State income taxes $ 0 $ 0