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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating Activities:    
Net Income $ 28,712,000 $ 17,198,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for loan and lease losses 2,575,000 2,700,000
Depreciation 2,463,000 2,393,000
Amortization of intangibles 823,000 966,000
Net amortization of security discounts/premiums 471,000 565,000
Amortization of operating lease right of use assets 1,279,000 1,269,000
Amortization of finance lease right of use asset 135,000 135,000
Gain on sales of investment securities (79,000) (393,000)
Earnings on cash surrender value of life insurance (223,000) (227,000)
Mortgage loans originated for sale (257,133,000) (243,179,000)
Proceeds from sales of mortgage loans originated for sale 267,867,000 226,590,000
Gain on sale of mortgage loans (8,382,000) (5,927,000)
SBA loans originated for sale (5,923,000) (6,410,000)
Proceeds from sales of SBA loans originated for sale 6,483,000 6,845,000
Gain on sale of SBA loans (560,000) (435,000)
(Gain) loss on disposal or write-down of property, plant, and equipment (52,000) 45,000
Gain on sale or write-down of foreclosed assets, net (26,000) (8,000)
Stock compensation expense 532,000 296,000
Deferred income tax benefit (295,000) (2,773,000)
Decrease (increase) in accrued interest receivable 2,963,000 (6,699,000)
Decrease in other assets 1,386,000 1,247,000
(Decrease) increase in accrued interest payable (106,000) 632,000
Net change in operating lease liability (1,314,000) (1,332,000)
(Decrease) increase in other liabilities (40,000) 5,398,000
Net Cash Provided By (Used In) Operating Activities 41,556,000 (1,104,000)
Investing Activities:    
Proceeds from the sale of available-for-sale securities 5,178,000 91,854,000
Proceeds from the maturity or call of available-for-sale securities 2,500,000 8,513,000
Purchases of available-for-sale securities (6,893,000) (71,297,000)
Proceeds from the maturity or call of held-to-maturity securities 40,014,000 93,029,000
Purchases of held-to-maturity securities (64,972,000) (95,758,000)
Purchases of equity securities, available for sale   (1,000,000)
Purchases of restricted investment in bank stock (312,000) (2,824,000)
Net decrease (increase) in loans and leases 11,835,000 (760,645,000)
Purchases of bank premises and equipment (3,149,000) (2,938,000)
Proceeds from the sale of bank premises and equipment 62,000  
Proceeds from the sale of foreclosed assets 202,000 17,000
Net Cash Used In Investing Activities (15,535,000) (741,049,000)
Financing Activities:    
Net increase in deposits 487,301,000 544,004,000
Net (decrease) increase in short-term borrowings (125,617,000) 203,842,000
Common stock dividends paid (6,586,000) (4,990,000)
Treasury stock purchased (128,000) (1,793,000)
Net change in finance lease liability (65,000) (62,000)
Proceeds from the issuance of subordinated debt   15,000,000
Issuance of long-term debt   70,000,000
Long-term debt repayment (173,000) (27,740,000)
Net Cash Provided By Financing Activities 425,197,000 798,480,000
Net increase in cash and cash equivalents 451,218,000 56,327,000
Cash and cash equivalents, beginning of period 303,724,000 139,030,000
Cash and cash equivalents, end of period 754,942,000 195,357,000
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 11,547,000 14,958,000
Cash paid for income taxes 8,835,000 2,370,000
Supplemental Noncash Disclosures:    
Recognition of operating lease right of use assets 1,064,000  
Recognition of operating lease liabilities 1,064,000  
Asset transferred to bank premises and equipment held for sale   210,000
Loans transferred to foreclosed assets held for sale 53,000 1,529,000
Employee [Member]    
Financing Activities:    
Proceeds from Stock Purchase Plan stock issuance 127,000 108,000
Director [Member]    
Financing Activities:    
Proceeds from Stock Purchase Plan stock issuance 100,000 $ 111,000
Follow-on Public Offering [Member]    
Financing Activities:    
Proceeds from follow-on common stock public offering $ 70,238,000