XML 117 R103.htm IDEA: XBRL DOCUMENT v3.24.0.1
Condensed Financial Information of Parent Company - Schedule of Statements of Cash Flows (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 30,059 $ 34,904 $ 28,604
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation expense 4,139 6,732 2,859
Other, net (1,527) 3,104 (6,330)
Net cash provided by operating activities 36,936 51,608 34,547
Proceeds from sales of securities available-for-sale 111,583 3,838 63,774
Proceeds from maturities of securities available-for-sale 39,233 61,209 96,951
Cash flows from investing activities:      
Proceeds from sales of securities available-for-sale (15,332) (232,083) (494,226)
Net decrease (increase) in loans 68,588 (122,326) (68,664)
Net decrease (increase) in payments in advance of funding 94,914 (2,348) (96,864)
Purchase of bank-owned life insurance 0 (4,000) (25,119)
Purchases of premises and equipment, net (14,324) (5,866) (4,369)
Net cash provided by (used in) investing activities 284,662 (306,390) (528,517)
Cash flows from financing activities:      
Net (increase) decrease in accounts and drafts receivable from customers (14,872) (90,787) 6
Cash dividends paid (15,959) (15,442) (15,446)
Purchase of common shares for treasury (5,773) (5,299) (30,997)
Other financing activities, net (834) (594) (850)
Net cash (used in) provided by financing activities (150,072) (59,204) 338,370
Net increase (decrease) in cash and cash equivalents 171,526 (313,986) (155,600)
Parent Company      
Cash flows from operating activities:      
Net income 30,059 34,904 28,604
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in undistributed income of subsidiaries (19,281) (10,618) (2,252)
Net change in other assets (4,427) (4,640) (212)
Increase (Decrease) in Other Operating Liabilities (2,870) 6,462 (9,307)
Stock-based compensation expense 4,139 6,732 2,859
Other, net 10,149 10,412 5,921
Net cash provided by operating activities 17,769 43,252 25,613
Proceeds from sales of securities available-for-sale (86,722) (3,838) (63,774)
Proceeds from maturities of securities available-for-sale (23,032) (44,566) (95,787)
Cash flows from investing activities:      
Proceeds from sales of securities available-for-sale (15,332) (45,340) (385,651)
Net decrease (increase) in loans 3,977 (34,295) 8,799
Net decrease (increase) in payments in advance of funding 94,914 (2,347) (96,864)
Purchase of bank-owned life insurance 0 (4,000) (25,119)
Purchases of premises and equipment, net (14,262) (5,851) (2,233)
Asset acquisition of TouchPoint 0 (4,814) 0
Net cash provided by (used in) investing activities 179,051 (48,243) (341,507)
Cash flows from financing activities:      
Net (increase) decrease in accounts and drafts receivable from customers (14,872) (90,787) 6
Net increase in accounts and drafts payable 11,875 16,393 208,650
Cash dividends paid (15,959) (15,442) (15,446)
Purchase of common shares for treasury (5,773) (5,299) (30,997)
Other financing activities, net (834) (594) (850)
Net cash (used in) provided by financing activities (25,563) (95,729) 161,363
Net increase (decrease) in cash and cash equivalents 171,257 (100,720) (154,531)
Cash and cash equivalents at beginning of year 31,915 132,635 287,166
Cash and cash equivalents at end of year $ 203,172 $ 31,915 $ 132,635