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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 13,578 $ 11,240
Adjustments to reconcile net income to net cash from operating activities:    
(Credit) Provision for credit losses 22 (270)
Credit for unfunded loans (226) (179)
Depreciation and amortization 1,613 1,611
Net amortization of securities 37 240
Available for sale security losses 1,334 2,134
Realized gains on equity securities (21) (14)
Loss on premises and equipment sales and disposals, net 24 0
Stock compensation expense 642 662
Earnings on bank owned life insurance (699) (624)
Income recognized from death benefit on bank owned life insurance (111) (83)
Origination of loans held for sale (16,486) (15,649)
Proceeds from loans held for sale 19,089 16,209
Net gains on sale of loans (326) (297)
Net change in other assets and liabilities (2,800) (1,267)
NET CASH FROM OPERATING ACTIVITIES 15,670 13,713
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities and repayments of securities available for sale 14,850 11,727
Proceeds from sales of securities available for sale 23,901 44,292
Purchases of securities available for sale (34,539) (45,883)
Proceeds from sales of equity securities 28 23
Purchase of equity securities (30) (21)
Proceeds from redemption of regulatory stock 6,946 2,799
Purchase of regulatory stock (604) (1,720)
Loan originations and payments, net 23,044 15,977
Purchase of portfolio loans (8,044) 0
Proceeds from loans held for sale previously classified as portfolio loans 1,600 1,594
Proceeds from BOLI death benefit 0 551
Purchase of company owned life insurance (15,000) 0
Proceeds from land, building and equipment sales 11 0
Additions to premises and equipment (3,498) (1,553)
NET CASH FROM INVESTING ACTIVITIES 7,417 27,411
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in deposits 214,509 20,739
Net change in short-term borrowings (203,000) (10,000)
Cash dividends paid (6,361) (6,341)
Cash paid for withholding taxes on share-based awards (717) (550)
NET CASH FROM FINANCING ACTIVITIES 4,431 3,848
NET CHANGE IN CASH AND CASH EQUIVALENTS 27,518 44,972
Beginning cash and cash equivalents 85,738 103,658
Ending cash and cash equivalents 113,256 148,630
Supplemental cash flow information:    
Interest paid 24,793 27,195
Supplemental noncash disclosures:    
Issuance of stock awards 1,056 1,560
Transfer of loans to loans held for sale 1,845 0
Lease liabilities arising from obtaining right-of-use assets 149 0
SBIC Funds [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sales of equity securities 216 146
Purchase of equity securities $ (1,464) $ (521)