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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 13,911 $ 5,748
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 447 554
Provision for credit losses 51 1,392
Stock-based compensation expense 1,288 1,006
Amortization of intangible assets 303 421
Origination of mortgage loans held for sale 0 1,318
Proceeds from sale of mortgage loans held for sale 0 1,344
Bank owned life insurance income (918) (920)
Deferred Income Tax Expense (Benefit) 767 675
Gain on sale of mortgage loans held for sale, net 0 (26)
Loss on sale of investment securities available for sale, net 3,887 9,973
Other (483) (5,950)
Net cash provided by operating activities 19,253 12,899
Cash flows from investing activities:    
Loan originations and purchases, net of payments (37,882) 91,473
Maturities and repayments of investment securities available for sale 31,270 29,397
Maturities and repayments of investment securities held to maturity 5,520 5,225
Purchase of investment securities available for sale (28,221) (33,132)
Purchase of premises and equipment (1,172) (893)
Purchase of bank owned life insurance (39) (39)
Purchases of Federal Home Loan Bank stock (4,794) (117)
Proceeds from surrender of bank owned life insurance 4,576 0
Proceeds from sales of investment securities available for sale 56,971 134,066
Proceeds from redemption of Federal Home Loan Bank stock 10,172 0
Proceeds from sales of premises and equipment 11 0
Capital contributions to tax credit partnerships (32,995) (9,568)
Net cash provided by investing activities 79,181 33,466
Cash flows from financing activities:    
Net increase (decrease) in deposits 160,722 (67,545)
Proceeds from borrowings 106,500 15,000
Repayment of borrowings 225,100 15,000
Common stock cash dividends paid (8,158) (8,028)
Repurchase of common stock (838) (6,118)
Net cash (used) provided by financing activities 33,126 (81,691)
Net (decrease) increase in cash and cash equivalents 131,560 (35,326)
Cash and cash equivalents at beginning of period 117,100 224,973
Cash and cash equivalents at end of period 248,660 189,647
Supplemental disclosures of cash flow information:    
Cash paid for interest 23,744 17,342
Cash paid for income taxes, net of refunds 0 0
Supplemental non-cash disclosures of cash flow information:    
Investment in LIHTC partnership and related funding commitment 142 2
Right of use assets obtained in exchange for new operating lease liabilities 2,523 2,305
Transfer of bank owned life insurance to prepaid expenses and other assets due to death benefit accrued 0 999
Transfers of premises and equipment classified as held for sale to prepaid expenses and other assets from premises and equipment, net $ 93 $ 0