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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net income $ 9,515 $ 14,602
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for (recovery of) credit losses 1,961 (4,001)
Depreciation and amortization of premises and equipment 1,108 1,125
Amortization of premiums on investments, net 100 85
Amortization of FDIC indemnification asset, net 0 280
Amortization of intangible assets 357 357
Accretion on acquired loans (866) (1,187)
Equity-based compensation expense 172 402
Issuance of common stock to 401(k) plan 185 148
Gain on sale of premises and equipment, net (392) (64)
(Gain) loss on sale of other real estate owned (5) 316
(Decrease) increase in accrued interest receivable (200) 328
(Decrease) increase in other operating activities (1,497) 224
Net cash provided by operating activities 10,438 12,615
Investing activities    
Proceeds from maturities, prepayments, and calls of securities available for sale 4,763 6,489
Payments to acquire securities available for sale (203,170) (11,675)
Net (Increase) decrease in loans (78,716) 45,985
(Purchase of) proceeds from FHLB stock, net (238) 1,012
Payments to the FDIC 0 (3)
Proceeds from sale of premises and equipment 796 128
Payments to acquire premises and equipment (175) (922)
Proceeds from sale of other real estate owned 189 428
Net cash (used) provided by investing activities (276,551) 41,442
Financing activities    
Increase in noninterest-bearing deposits, net 17,869 51,781
Increase in interest-bearing deposits, net 35,684 75,072
Proceeds from securities sold under agreements to repurchase, net 952 555
Proceeds from stock options exercised 103 132
Payments for repurchase of common stock (4,087) (4,985)
Payments of common dividends (4,541) (4,428)
Net cash provided by financing activities 45,980 118,127
Net (decrease) increase in cash and cash equivalents (220,133) 172,184
Cash and cash equivalents at beginning of period 677,439 456,561
Cash and cash equivalents at end of period 457,306 628,745
Supplemental disclosure -- cash flow information    
Cash paid for interest 889 1,072
Cash paid for income taxes 0 4,744
Supplemental transactions -- noncash items    
Transfer of loans to other real estate owned 17 460
Loans originated to finance other real estate owned 0 59
Increase in accumulated other comprehensive loss, net of taxes $ (4,966) $ (732)