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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 27,105 $ 21,169
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment 1,883 2,109
Amortization of right-of-use lease asset 320 313
Accretion of deferred loan fees, net (4,636) (1,079)
Amortization of intangibles 375 462
Amortization of low income housing partnerships 360 416
Provision for loan losses   6,350
Net unrealized (gain) loss on equity investment securities (9) 82
Net gain on sale of other real estate owned (125) (15)
Loans originated for sale (18,462) (28,655)
Proceeds from sale of loans originated for sale 18,577 27,949
Net gain on sale of loans originated for sale (275) (469)
Net amortization of investment securities 875 825
Net gain on sale of investment securities available-for-sale   (724)
Gain on sale of premises and equipment (20)  
Increase in cash surrender value of life insurance (669) (572)
Deferred income tax expense 620 619
Stock based compensation 479 383
Net change in:    
Accrued interest receivable (25) (1,614)
Other assets 313 (34,812)
Accrued interest payable 136 12
Other liabilities (1,108) 10,842
Net cash provided by operating activities 25,714 3,591
Cash flows from investing activities:    
Proceeds from sales of investment securities available-for-sale   48,206
Proceeds from repayments of investment securities:    
Available-for-sale 40,111 61,463
Held-to-maturity 367 336
Purchases of investment securities:    
Available-for-sale (214,856) (18,313)
Held-to-maturity (25,996)  
Net redemption of restricted equity securities 1,481 4,656
Net increase in lending activities (24,238) (252,227)
Purchases of premises and equipment (3,668) (1,593)
Proceeds from the sale of premises and equipment 101  
Investment in bank owned life insurance   (1,500)
Proceeds from bank owned life insurance 251  
Proceeds from sale of other real estate owned 925 483
Net cash used in investing activities (225,522) (158,489)
Cash flows from financing activities:    
Net increase in deposits 403,806 385,395
Repayment of long-term debt (11,534) (12,464)
Net decrease in short-term borrowings (50,000) (102,150)
Retirement of common stock (2,002) (5,905)
Cash dividends paid (8,067) (7,919)
Net cash provided by financing activities 332,203 289,957
Net increase in cash and cash equivalents 132,395 135,059
Cash and cash equivalents at beginning of period 228,192 31,153
Cash and cash equivalents at end of period 360,587 166,212
Cash paid during the period for:    
Interest 7,228 7,614
Income taxes 5,600 4,350
Noncash items:    
Transfers of loans to other real estate 545 730
Initial recognition of right-of-use assets 2,253 899
Initial recognition of lease liability $ 2,253 899
Paycheck Protection Program Liquidity Facility    
Cash flows from financing activities:    
Proceeds from long-term debt   103,650
Repayment of long-term debt   (103,650)
Subordinated Debentures    
Cash flows from financing activities:    
Proceeds from long-term debt   $ 33,000