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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 16,202 $ 13,398
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 2,465 886
Net amortization of securities 1,603 1,735
Change in unamortized net loan costs and premiums 3,449 (190)
Premises and equipment depreciation 2,380 1,905
Stock-based compensation expense 584 560
Accretion of purchase accounting entries, net (1,742) (1,017)
Amortization of other intangibles 512 414
Income from cash surrender value of bank-owned life insurance policies (1,033) (1,061)
Gain on sales of securities, net (1,486)  
Loss on other real estate owned 82  
Loss on premises and equipment, net 90 21
Net change in other assets and liabilities (5,787) (3,052)
Net cash provided by operating activities 17,319 13,599
Cash flows from investing activities:    
Proceeds from sales of securities available for sale 87,521  
Proceeds from maturities, calls and prepayments of securities available for sale 63,096 50,546
Purchases of securities available for sale (120,405) (56,831)
Net change in loans (91,857) (86,745)
Purchase of FHLB stock (4,044) (9,720)
Proceeds from sale of FHLB stock 4,458 10,159
Purchase of premises and equipment, net (2,221) (3,352)
Acquisitions, net of cash acquired (340)  
Increase in right of use asset from new operating lease (578)  
Net cash used in investing activities (64,370) (95,943)
Cash flows from financing activities:    
Net decrease in deposits (420) (1,448)
Net change in short-term senior borrowings (119,774) (62,510)
Proceeds from long-term senior borrowings 273,436 114,062
Repayments of long-term senior borrowings (67,188)  
Net change in short-term other borrowings (10,986)  
Increase in lease liability from new operating lease (625)  
Exercise of stock options 657 80
Purchase of treasury and common stock (7,467) (210)
Cash dividends paid on common stock (6,819) (6,524)
Net cash provided by financing activities 60,814 43,450
Net change in cash and cash equivalents 13,763 (38,894)
Cash and cash equivalents at beginning of year 56,910 98,754
Cash and cash equivalents at end of period 70,673 59,860
Supplemental cash flow information:    
Interest paid 16,275 22,577
Income taxes paid, net 3,112 $ 1,685
Acquisition of non-cash assets and liabilities:    
Assets acquired 1,171  
Liabilities acquired $ (343)