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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities:    
Net Income $ 39,087 $ 28,712
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 3,775 2,575
Depreciation 3,056 2,463
Amortization of intangibles 1,516 823
Net amortization of security discounts/premiums 530 471
Noncash operating lease expense 1,255 1,279
Amortization of finance lease right of use asset 135 135
Gain on sales of investment securities 0 (79)
Earnings on cash surrender value of life insurance (758) (223)
Mortgage loans originated for sale (116,966) (257,133)
Proceeds from sales of mortgage loans originated for sale 123,853 267,867
Gain on sale of mortgage loans (1,370) (8,382)
SBA loans originated for sale (5,310) (5,923)
Proceeds from sales of SBA loans originated for sale 5,571 6,483
Gain on sale of SBA loans (262) (560)
Gain on disposal or write-down of property, plant, and equipment (97) (52)
Gain on sale or write-down of foreclosed assets (88) (26)
Gain on sale of bank premises and equipment held for sale (114) 0
Write-off of bank premises and equipment held for sale 705 0
Accretion of subordinated debt (417) 0
Stock compensation expense 696 532
Deferred income tax benefit (23) (295)
(Increase) decrease in accrued interest receivable (4,533) 2,963
(Increase) decrease in other assets (712) 1,386
Increase (decrease) in accrued interest payable 50 (106)
Net change in operating lease liability (1,654) (1,314)
Decrease in other liabilities (6,321) (40)
Net Cash Provided By Operating Activities 41,604 41,556
Investing Activities:    
Proceeds from the sale of available-for-sale securities 0 5,178
Proceeds from the maturity or call of available-for-sale securities 9,910 2,500
Purchases of available-for-sale securities (213,974) (6,893)
Proceeds from the maturity or call of held-to-maturity securities 12,401 40,014
Purchases of held-to-maturity securities (85,664) (64,972)
Reduction (purchases) of restricted investment in bank stock 4,539 (312)
Net (increase) decrease in loans and leases (218,061) 11,835
Purchases of bank premises and equipment (3,734) (3,149)
Proceeds from the sale of bank premises and equipment 1,912 62
Proceeds from the sale of foreclosed assets 148 202
Net Cash Used In Investing Activities (492,523) (15,535)
Financing Activities:    
Net (decrease) increase in deposits (272,420) 487,301
Net increase in short-term borrowings 0 (125,617)
Common stock dividends paid (9,558) (6,586)
Treasury stock purchased (2,957) (128)
Riverview restricted stock adjustment 776 0
Net change in finance lease liability (67) (65)
Long-term debt repayment (76,702) 0
Subordinated debt redemption (7,500) (173)
Net Cash (Used In) Provided By Financing Activities (368,155) 425,197
Net (decrease) increase in cash and cash equivalents (819,074) 451,218
Cash and cash equivalents, beginning of period 913,752 303,724
Cash and cash equivalents, end of period 94,678 754,942
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 9,552 11,547
Cash paid for income taxes 3,500 8,835
Supplemental Noncash Disclosures:    
Recognition of operating lease right of use assets 552 1,064
Recognition of operating lease liabilities 552 1,064
Obsolete Riverview asset writeoff 705 0
Loans transferred to foreclosed assets held for sale 109 53
Employee    
Financing Activities:    
Proceeds from Stock Purchase Plan stock issuance 151 127
Director    
Financing Activities:    
Proceeds from Stock Purchase Plan stock issuance 122 100
Follow-on Public Offering    
Financing Activities:    
Proceeds from follow-on common stock public offering $ 0 $ 70,238