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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 14,983 $ 20,710
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,918 1,950
Net amortization of premiums on securities 1,443 1,206
Provision (Benefit) for credit losses 2,319 (1,981)
Share-based compensation 443 216
Deferred income tax expense 554 1,658
Proceeds from sale of loans held for sale 11,383 21,314
Originations of loans held for sale (10,816) (21,616)
Income on company owned life insurance (833) (657)
Net loss (gain) on sale of loans held for sale 91 (1,078)
Net gain on investment securities 0 (74)
Net loss on other assets 0 5
Noncash restructuring charges against assets 0 6
Decrease in other assets 1,083 12,818
Increase (decrease) in other liabilities 21,626 (14,172)
Net cash provided by operating activities 44,194 20,305
Cash flows from investing activities:    
Purchases of available for sale securities (50,669) (204,695)
Proceeds (purchases) of held to maturity securities 17,882 (1,265)
Proceeds from principal payments, maturities and calls on available for sale securities 33,620 32,416
(Purchases) proceeds from principal payments, maturities and calls on held to maturity securities (23,702) 16,783
Proceeds from sales of securities available for sale 0 26,675
Net loan originations (54,999) (60,135)
Purchases of company owned life insurance, net of proceeds received (10) (12)
Purchases of premises and equipment (1,216) (290)
Cash consideration paid for acquisition, net of cash acquired 0 (713)
Net cash used in investing activities (79,094) (191,236)
Cash flows from financing activities:    
Net increase in deposits 175,842 437,647
Net decrease in short-term borrowings (30,000) (5,300)
Repurchase of preferred stock 0 (6)
Purchases of common stock for treasury (15,026) (5,963)
Cash dividends paid to common and preferred shareholders (4,624) (4,535)
Net cash provided by financing activities 126,192 421,843
Net increase in cash and cash equivalents 91,292 250,912
Cash and cash equivalents, beginning of period 79,112 93,878
Cash and cash equivalents, end of period $ 170,404 $ 344,790