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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 13,012 $ 9,112
Adjustments to reconcile net income to net cash provided by operating activities:    
Net change in loans held for sale 463 2,534
Provision for credit losses 798 377
Net amortization of securities 540 832
Change in unamortized net loan costs and premiums 216 (1,370)
Premises and equipment depreciation 1,048 1,067
Stock-based compensation expense 299 454
Amortization of other intangibles 233 233
Income from cash surrender value of bank-owned life insurance policies (1,148) (501)
Gain on sales of securities, net (34) (9)
Amortization (accretion) of right-of-use lease assets 298 296
(Decrease) increase in lease liabilities (290) (280)
Loss (gain) on premises and equipment, net (13) (75)
Net change in other assets and liabilities 1,931 (6,469)
Net cash provided by operating activities 17,353 6,201
Cash flows from investing activities:    
Proceeds from sales, maturities, calls and prepayments of securities available for sale 2,534 27,670
Purchases of securities available for sale (1,000) (47,721)
Net change in loans (41,582) (121,187)
Purchase of Federal Home Loan Bank stock (5,030)  
Proceeds from sale of Federal Home Loan Bank stock 4,205  
Purchase of premises and equipment, net (1,153) (602)
Proceeds from death benefit of bank-owned life insurance policy 3,909  
Net cash (used in) provided by investing activities (38,117) (141,840)
Cash flows from financing activities:    
Net change in deposits 10,383 (781)
Net change in short-term borrowings 4,290 141
Repayments of long-term borrowings (3) (5)
Net change subordinated debt issuance costs 41  
Net issuance to employee stock plans 403 547
Cash dividends paid on common stock (3,943) (3,603)
Net cash provided by (used in) financing activities 11,171 (3,701)
Net change in cash and cash equivalents (9,593) (139,340)
Cash and cash equivalents at beginning of year 92,295 250,389
Cash and cash equivalents at end of period 82,702 111,049
Supplemental cash flow information:    
Interest paid 9,417 1,717
Income taxes paid, net $ 5,219 $ 1,073