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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 $ 18,983 $ 18,009
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment 994 1,352
Amortization of right-of-use lease asset 294 204
Amortization (accretion) of deferred loan fees, net 965 (2,614)
Amortization of intangibles 193 250
Amortization of low income housing partnerships 241 240
Provision (credit) for loan losses 1,250 (400)
Net unrealized loss (gain) on equity investment securities 19 (4)
Net gain on sale of other real estate owned (478) (75)
Loans originated for sale (3,454) (11,398)
Proceeds from sale of loans originated for sale 3,200 10,863
Net gain on sale of loans originated for sale (19) (173)
Net amortization of investment securities 799 551
Increase in cash surrender value of life insurance (462) (444)
Deferred income tax expense   620
Stock based compensation 88 266
Net change in:    
Accrued interest receivable (777) 411
Other assets (2,045) (1,137)
Accrued interest payable 861 (267)
Other liabilities (1,914) (3,253)
Net cash provided by operating activities 18,738 13,001
Proceeds from repayments of investment securities:    
Available-for-sale 20,816 19,496
Held-to-maturity 2,546 119
Purchases of investment securities:    
Available-for-sale (69,392) (65,862)
Held-to-maturity (25,872)  
Net (purchase) redemption of restricted equity securities (4,492) 2,272
Net increase in loans (237,630) (56,492)
Purchases of premises and equipment (2,880) (816)
Investment in bank owned life insurance (5,881)  
Proceeds from bank owned life insurance 1,129  
Proceeds from sale of other real estate owned 967 680
Net cash used in investing activities (320,689) (100,603)
Cash flows from financing activities:    
Net (decrease) increase in deposits (52,114) 174,653
Repayment of long-term debt (1,065) (11,017)
Net increase (decrease) in short-term borrowings 129,170 (50,000)
Retirement of common stock (646) (845)
Cash dividends paid (5,594) (5,330)
Net cash provided by financing activities 69,751 107,461
Net (decrease) increase in cash and cash equivalents (232,200) 19,859
Cash and cash equivalents at beginning of period 279,933 228,192
Cash and cash equivalents at end of period 47,733 248,051
Cash paid during the period for:    
Interest 3,264 5,449
Income taxes $ 5,285 2,500
Noncash items:    
Transfers of loans to other real estate   $ 57