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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities:    
Net Income $ 17,198 $ 13,293
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Provision for loan and lease losses 2,700 1,155
Depreciation 2,393 2,101
Amortization of intangibles 966 1,078
Net amortization of security discounts/premiums 565 547
Amortization of operating lease right of use assets 1,269 1,244
Amortization of finance lease right of use asset 135 105
Gain on sales of investment securities (393) (70)
Earnings on cash surrender value of life insurance (227) (253)
Mortgage loans originated for sale (243,179) (116,313)
Proceeds from sales of mortgage loans originated for sale 226,590 113,505
Gain on sale of mortgage loans (5,927) (2,605)
SBA loans originated for sale (6,410) (11,187)
Proceeds from sales of SBA loans originated for sale 6,845 11,897
Gain on sale of SBA loans (435) (710)
Loss on write-down or disposal of property, plant, and equipment 45 163
Gain on sale or write-down of foreclosed assets, net (8) (22)
Stock compensation expense 296 251
Deferred income tax benefit (2,773) (682)
Increase in accrued interest receivable (6,699) (170)
Decrease (increase) in other assets 1,247 (6,407)
Increase in accrued interest payable 632 561
Net change in operating lease liability (1,332) (1,332)
Increase in other liabilities 5,398 1,044
Net Cash (Used In) Provided By Operating Activities (1,104) 7,193
Investing Activities:    
Proceeds from the sale of available-for-sale securities 91,854 69,377
Proceeds from the maturity or call of available-for-sale securities 8,513 8,860
Purchases of available-for-sale securities (71,297) (14,911)
Proceeds from the maturity or call of held-to-maturity securities 93,029 18,892
Purchases of held-to-maturity securities (95,758) (21,328)
Purchases of equity securities, available for sale (1,000)  
(Purchases) redemptions of restricted investment in bank stock (2,824) 541
Net increase in loans and leases (760,645) (87,000)
Proceeds from bank owned life insurance   140
Purchases of bank premises and equipment (2,938) (1,592)
Proceeds from the sale of foreclosed assets 17 1,306
Net Cash Used In Investing Activities (741,049) (25,715)
Financing Activities:    
Net increase in deposits 544,004 164,067
Net increase (decrease) in short-term borrowings 203,842 (31,100)
Common stock dividends paid (4,990) (5,162)
Treasury stock purchased (1,793)  
Net change in finance lease liability (62) (26)
Proceeds from the issuance of subordinated debt 15,000  
Issuance of long-term debt 70,000 13,500
Long-term debt repayment (27,740) (2,139)
Net Cash Provided By Financing Activities 798,480 139,336
Net increase in cash and cash equivalents 56,327 120,814
Cash and cash equivalents, beginning of period 139,030 40,065
Cash and cash equivalents, end of period 195,357 160,879
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 14,958 17,973
Cash paid for income taxes 2,370 3,735
Supplemental Noncash Disclosures:    
Recognition of operating lease right of use assets   11,661
Recognition of operating lease liabilities   12,866
Recognition of finance lease right of use asset   3,597
Recognition of finance lease liability   3,597
Asset transferred to bank premises and equipment held for sale 210 1,274
Loans transferred to foreclosed assets held for sale 1,529 397
Employee [Member]    
Financing Activities:    
Proceeds from Stock Purchase Plan stock issuance 108 95
Director [Member]    
Financing Activities:    
Proceeds from Stock Purchase Plan stock issuance $ 111 $ 101