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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 14,556 $ 8,639
Adjustments to reconcile net income to net cash from operating activities:    
Provision for credit losses 425 1,100
Depreciation and amortization 798 751
Net amortization of securities 618 488
Available for sale security (gains) (383) (256)
Realized (gains) losses on equity securities (105) 99
Loss on premises and equipment sales and disposals, net 52 77
Stock compensation expense 330 337
Earnings on bank owned life insurance (284) (208)
Origination of loans held for sale (51,990) (31,012)
Proceeds from loans held for sale 55,948 31,706
Net gains on sale of loans (3,185) (1,366)
Net change in other assets and liabilities (9,743) (4,574)
NET CASH FROM OPERATING ACTIVITIES 7,037 5,781
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities and repayments of securities available for sale 17,440 9,622
Proceeds from sales of securities available for sale 26,186 15,126
Purchases of securities available for sale (241,345) (25,224)
Proceeds from sales of equity securities 20 0
Purchase of equity securities (221) (423)
Proceeds from redemption of restricted stock 253 255
Purchase of restricted stock (22) (1,825)
Loan originations and payments, net 42,976 15,602
Proceeds from land and building sales 0 502
Additions to premises and equipment (219) (2,279)
Net cash paid in business combinations 0 (8,136)
NET CASH FROM INVESTING ACTIVITIES (154,932) 3,220
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in deposits 222,176 54,062
Net change in short-term borrowings 2,689 (32,052)
Repayment of long-term borrowings (1,980) (1,287)
Cash dividends paid (3,110) (3,139)
Repurchase of common shares (116) (14,238)
NET CASH FROM FINANCING ACTIVITIES 219,659 3,346
NET CHANGE IN CASH AND CASH EQUIVALENTS 71,764 12,347
Beginning cash and cash equivalents 254,621 70,760
Ending cash and cash equivalents 326,385 83,107
Supplemental cash flow information:    
Interest paid 2,597 5,158
Supplemental noncash disclosures:    
Transfer of loans to other real estate 30 0
Security purchases not settled 44,814 0
Issuance of stock awards 894 22
Issuance of stock for business combinations $ 0 $ 22,554