XML 20 R9.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Cash flows from operating activities          
Net earnings $ 10,432 $ 1,075 $ 21,394 $ 7,353  
Adjustments to reconcile net earnings to net cash provided by operating activities:          
Depreciation     2,210 1,995  
Amortization     679 673  
Deferred taxes     (235) (2,175)  
Premium amortization, net of discount accretion     2,200 1,908  
Gain on sale of loans (1,244) (1,508) (2,642) (2,697)  
Provision for credit losses (1,000) 12,100 (1,000) 13,500  
Origination of loans held for sale     (60,289) (69,170)  
Proceeds from loans held for sale     63,385 67,041  
Write-down of other real estate and repossessed assets     4 357  
Net gain on sale of premises, equipment, other real estate owned and other assets     1 107  
Stock based compensation     329 312  
Net change in accrued interest receivable and other assets     (7,420) (6,409)  
Net change in accrued interest payable and other liabilities     3,049 2,053  
Net cash provided by operating activities     21,665 14,848  
Securities available for sale:          
Purchases     (112,178) (20,894)  
Proceeds from maturities and principal repayments     40,437 22,552  
Securities held to maturity:          
Proceeds from maturities and principal repayments     0 3,024  
Net originations of loans     (23,984) (246,637)  
Purchases of premises and equipment     (1,409) (3,881)  
Proceeds from BOLI death benefit     464 0  
Proceeds from sale of premises, equipment, other real estate owned and other assets     155 339  
Net cash used in investing activities     (96,515) (245,497)  
Cash flows from financing activities          
Net change in deposits     246,636 285,222  
Net change in securities sold under agreements to repurchase     (295) 6,314  
Proceeds from FHLB advances     80,000 200,000  
Repayment of FHLB advances     (140,101) (154,508)  
Proceeds from line of credit     5,000 20,000  
Repayment of line of credit     (17,000) (18,000)  
Proceeds from issuance of debentures     0 10,000  
Repayments of debentures     0 (500)  
Purchase of treasury stock     0 (13,477)  
Exercise of stock options     636 72  
Cash dividends     (4,599) (4,194)  
Net cash provided by financing activities     170,277 330,929  
Net change in cash and cash equivalents     95,427 100,280  
Cash and cash equivalents at beginning of period     351,791 90,714 $ 90,714
Cash and cash equivalents at end of period 447,218 190,994 447,218 190,994 $ 351,791
Supplemental disclosures of cash flow information          
Interest paid     4,068 8,497  
Income taxes paid     6,850 2,600  
Supplemental schedule of noncash investing and financing activities          
Cash dividends accrued $ 2,412 $ 2,092 2,412 2,092  
Transfer of loans to other real estate owned and repossessed assets     444 182  
Stock dividend     $ 35,947 $ 0