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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities    
Net income $ 4,239 $ 15,334
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision (recovery) for loan losses (9,755) (2,146)
Deferred income taxes 5,034 1,009
Gain on sale of branch office   (1,417)
Unrealized losses on equity securities 590 99
Net amortization (acrretion) on investment securities (342) 1,229
Depreciation and amortization on leasehold improvements and equipment 1,162 1,395
Net principal payments (originations) of loans held for sale 2,284 (9,385)
Proceeds from sale of mortgage loans held for sale 1,831 19,179
Gain on sale of loans held for sale (200) (619)
Net recovery of mortgage repurchase liability (670) (963)
Increase in cash surrender value of bank-owned life insurance, net of premiums (292) (404)
Valuation allowance adjustments and amortization of mortgage servicing rights 891 2,939
Stock-based compensation 640 494
Other 82 475
Change in operating assets and liabilities:    
Accrued interest receivable 635 2,635
Other assets 2,214 1,588
Accrued expenses and other liabilities (812) 4,549
Net cash provided by operating activities 7,531 35,991
Cash Flows From Investing Activities    
Maturities of interest-bearing time deposits with other banks   6,216
Maturities and principal receipts of investment securities 80,551 121,958
Purchases of investment securities (147,493) (23,237)
Proceeds received from redemption of Federal Home Loan Bank stock 2,662  
Net decrease in loans 380,865 441,787
Purchases of portfolio loans (67,127) (179,341)
Principal payments received on commercial real estate loans held for sale 2,529  
Proceeds from the sale of commercial real estate loans originated for investment 67,584  
Proceeds received from settlement of bank-owned life insurance policies 24,877  
Cash paid on sale of branch office   (63,545)
Purchases of leasehold improvements and equipment (326) (2,321)
Net cash provided by investing activities 344,122 301,517
Cash Flows From Financing Activities    
Net decrease in deposits (310,721) (716,897)
Proceeds from FHLB advances 35,000  
Repayment of FHLB advances (135,000) (11,000)
Proceeds from issuance of shares of common stock   1,350
Cash paid for surrender of vested shares to satisfy employee tax liability (204) (46)
Net cash used in financing activities (410,925) (726,593)
Net change in cash and due from banks (59,272) (389,085)
Cash and due from banks at beginning of period 411,676 998,497
Cash and due from banks at end of period 352,404 609,412
Cash paid for:    
Interest 11,872 38,156
Income taxes 1,779 11
Noncash investing and financing activities:    
Right-of-use assets obtained in exchange for new operating lease liabilities   $ 3,186
Shares of common stock issued in satisfaction of Company's matching contribution in defined contribution retirement plan $ 1,138