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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 19,650 $ 16,931
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 3,500 1,300
Depreciation and amortization 1,541 1,428
Net amortization of securities 1,162 1,199
Available for sale security (gain) loss (270) 33
Realized (gains) losses on equity securities 139 (25)
Loss on premises and equipment sales and disposals, net 77 16
Stock compensation expense 686 664
Loss on adjustment of other real estate owned 4 59
Earnings on bank owned life insurance (412) (422)
Origination of loans held for sale (116,360) (23,251)
Proceeds from loans held for sale 120,589 25,121
Net gains on sale of loans (5,024) (1,726)
Net change in other assets and liabilities (6,214) (6,727)
NET CASH FROM OPERATING ACTIVITIES 19,068 14,600
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities and repayments of securities available for sale 20,314 13,746
Proceeds from sales of securities available for sale 15,372 9,646
Purchases of securities available for sale (37,411) (26,224)
Proceeds from sales of equity securities 37 672
Purchase of equity securities (761) (678)
Proceeds from redemption of restricted stock 3,964 8
Purchase of restricted stock (1,825) 0
Loan originations and payments, net (151,849) (45,602)
Proceeds from sale of other real estate owned 126 135
Proceeds from land and building sales 502 62
Additions to premises and equipment (2,891) (969)
Net cash paid in business combinations (8,136) 0
NET CASH FROM INVESTING ACTIVITIES (162,558) (49,204)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in deposits 247,270 200,915
Net change in short-term borrowings (48,668) (153,447)
Repayment of long-term borrowings (1,476) (391)
Cash dividends paid (6,204) (5,004)
Repurchase of common shares (14,238) (1,388)
NET CASH FROM FINANCING ACTIVITIES 176,684 40,685
NET CHANGE IN CASH AND CASH EQUIVALENTS 33,194 6,081
Beginning cash and cash equivalents 70,760 57,926
Ending cash and cash equivalents 103,954 64,007
Supplemental cash flow information:    
Interest paid 9,877 9,368
Income taxes paid 0 3,050
Supplemental noncash disclosures:    
Transfer of loans to other real estate 41 268
Security purchases not settled 1,520 5,407
Issuance of stock awards 1,195 1,309
Issuance of stock for business combinations $ 22,554 $ 0