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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 19,615 $ 18,505
Adjustments to reconcile net income to net cash provided by operating activities:    
Originations of loans held for sale (30,641) (65,963)
Proceeds from loan sales 32,323 68,776
Loss (gain) on sale of loans 268 (2,939)
Provision for credit losses 911 (1,254)
Net amortization of securities 1,532 1,219
Change in unamortized net loan costs and premiums (1,556) (2,200)
Premises and equipment depreciation 2,132 2,341
Stock-based compensation expense 94 997
Accretion of purchase accounting entries, net   (45)
Amortization of other intangibles 466 472
Income from cash surrender value of bank-owned life insurance policies (1,005) (1,016)
Gain on sales of securities, net (9) (50)
Amortization of right-of-use lease assets 593 565
Decrease in lease liabilities (563) (520)
(Gain) loss on premises and equipment, net (65) 9
Net change in other assets and liabilities (4,549) (5,975)
Net cash provided by operating activities 19,546 12,922
Cash flows from investing activities:    
Proceeds from sales of securities available for sale 11,726 4,050
Proceeds from maturities, calls and prepayments of securities available for sale 35,844 69,900
Purchases of securities available for sale (77,408) (115,928)
Net change in loans (193,953) 65,116
Recoveries of previously charged off loans 272 214
Purchase of FHLB stock (461) (790)
Proceeds from sale of FHLB stock 1,273 681
Purchase of premises and equipment, net (1,138) (1,008)
Net investment in community limited partnerships (932) (917)
Net cash (used in) provided by investing activities (224,777) 21,318
Cash flows from financing activities:    
Net change in deposits 30,001 (83,742)
Net change in short-term senior borrowings 21,000 14,324
Repayments of long-term senior borrowings (21,010) (14)
Net change in short-term other borrowings (1,048) (10,390)
Net issuance to employee stock plans 524 169
Cash dividends paid on common stock (7,509) (6,876)
Net cash provided (used in) by financing activities 21,958 (86,529)
Net change in cash and cash equivalents (183,273) (52,289)
Cash and cash equivalents at beginning of year 250,389 226,007
Cash and cash equivalents at end of period 67,116 173,718
Supplemental cash flow information:    
Interest paid 2,128 10,019
Income taxes paid, net $ 4,418 $ 5,622