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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 9,480 $ 7,721  
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses (489) 1,111  
Net amortization of securities 1,215 686  
Change in unamortized net loan costs and premiums (1,768) (1,358)  
Premises and equipment depreciation 1,181 1,182  
Stock-based compensation expense 666 118  
Accretion of purchase accounting entries, net 4 (263)  
Amortization of other intangibles 241 256  
Income from cash surrender value of bank-owned life insurance policies (518) (537)  
Gain on sales of securities, net   (135)  
Decrease in right-of-use lease assets 282 506  
Decrease in lease liabilities (259) (555)  
Loss on other real estate owned   31  
Loss on premises and equipment, net 8 92  
Net change in other assets and liabilities (3,887) (5,851)  
Net cash provided by operating activities 6,156 3,004  
Cash flows from investing activities:      
Proceeds from sales of securities available for sale   32,017  
Proceeds from maturities, calls and prepayments of securities available for sale 28,687 24,899  
Purchases of securities available for sale (79,583) (15,739)  
Net change in loans 25,330 6,300  
Purchase of FHLB stock (790) (3,161)  
Proceeds from sale of FHLB stock   3,943  
Purchase of premises and equipment, net (982) (628)  
Net investment in community limited partnerships (470)    
Acquisitions, net of cash acquired   (340)  
Proceeds from sale of other real estate owned   51  
Net cash (used in) provided by investing activities (27,808) 47,342  
Cash flows from financing activities:      
Net change in deposits 6,127 (44,959)  
Net change in short-term senior borrowings 19,653 (98,970)  
Proceeds from long-term senior borrowings   139,000  
Repayments of long-term senior borrowings (8)    
Net change in short-term other borrowings (3,503) (13,831)  
Repayments of subordinated debt   (32)  
Payment of subordinated debt issuance costs   (39)  
Net issuance to employee stock plans 172 789  
Purchase of treasury and common stock   (130)  
Cash dividends paid on common stock (3,284) (3,429)  
Net cash provided by (used in) financing activities 19,157 (21,601)  
Net change in cash and cash equivalents (2,495) 28,745  
Cash and cash equivalents at beginning of year 226,007 56,910 $ 56,910
Cash and cash equivalents at end of year 223,512 85,655 $ 226,007
Supplemental cash flow information:      
Interest paid 6,231 8,455  
Income taxes paid, net $ 3,389 1,205  
Acquisition of non-cash assets and liabilities:      
Assets acquired   1,171  
Liabilities acquired   $ (343)