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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net income $ 34,790 $ 24,332
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,745 6,021
Accretion of fair value purchase accounting adjustments, net (4,511) (4,457)
Provision for loan and lease losses 1,633 8,683
Stock compensation expense 693 482
Gain from redemption and sale of securities available-for-sale (45) (6)
Deferred income tax expense (benefit) 643 (1,219)
Increase in cash surrender value of bank owned life insurance (1,714) (707)
Net losses from sale and write downs of other real estate owned 160 187
Net gains from mortgage banking (4,040) (3,875)
Origination of loans held for sale (126,493) (143,022)
Proceeds from sales of loans held for sale 137,151 141,031
Net (gain) from sale of loans and credit cards (478)  
Net change in:    
Accrued interest receivable 809 (2,456)
Accrued interest payable (613) (156)
Other assets (6,461) 4,529
Other liabilities 7,913 (298)
Net cash provided by operating activities 46,182 29,069
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 16,771 11,759
Proceeds from maturities, calls and paydowns 132,711 76,195
Purchases of securities available-for-sale (433,750) (94,146)
Purchases of securities held-to-maturity (2,446)  
Proceeds from sales of other investments 436 34
Purchase of other investments (1,602) (1,223)
Purchases of bank owned life insurance (40,000)  
Proceeds from bank owned life insurance benefits 427  
Net increase in loans and leases (37,105) (293,964)
Purchase of premises and equipment (2,377) (5,439)
Proceeds from sale of other real estate owned 2,833 1,314
Proceeds received from sale of loans 83,745  
Net cash received from business combinations 15,364 46,132
Net cash used in investing activities (264,993) (259,338)
Cash flow from financing activities:    
Net increase in deposits 781,315 485,396
Net increase in securities sold under agreements to repurchase (1,514) (381)
Proceeds from borrowings 8,201 339,675
Repayment borrowings (1,097) (289,718)
Cash dividends paid (3,728) (2,986)
Issuance of common stock 200 339
Repurchases of common stock (1,208) (4,308)
Net cash provided by financing activities 782,169 528,017
Net change in cash and cash equivalents 563,358 297,748
Cash and cash equivalents, beginning of period 481,719 183,971
Cash and cash equivalents, end of period 1,045,077 481,719
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 12,156 16,903
Cash paid during the period for income taxes 10,162 8,654
Cash received from income tax refunds 879 48
Noncash investing and financing activities:    
Acquisition of real estate through foreclosure 628 971
Transfer of securities from available-for-sale to held-to-maturity 74,633  
Transfer from bank premises to other real estate owned   1,221
Change in goodwill due to acquisitions and sale of a portfolio of loans $ 17,430 $ 8,521