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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 38,090 $ 43,519 $ 29,354
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of premises and equipment 3,088 2,702 2,900
Amortization of right-of-use lease asset 583 449 744
Amortization (accretion) of deferred loan fees, net 1,294 (491) (2,236)
Amortization of intangibles 363 491 606
Amortization of low income housing partnerships 454 427 569
(Credit) provision for loan losses (449) 1,750 7,400
Net unrealized loss (gain) on equity investment securities 31 (2) 35
Gain on sale of Visa Class B shares   (12,153)  
Net (gain) loss on sale of other real estate owned (478) (126) 39
Net gain on sale of equity securities     (29)
Loans originated for sale (12,200) (24,387) (43,780)
Proceeds from sale of loans originated for sale 12,655 25,147 44,832
Net gain on sale of loans originated for sale (47) (331) (903)
Net amortization of investment securities 1,488 1,317 1,084
Net loss (gain) on sale of investment securities available-for-sale 1,976   (918)
Gain on sale of premises and equipment (175) (50)  
Increase in cash surrender value of life insurance (1,020) (889) (774)
Deferred income tax expense 611 450 (1,779)
Stock based compensation 534 546 570
Net change in:      
Accrued interest receivable (3,187) (273) (1,274)
Other assets (1,701) 1,128 (12,268)
Accrued interest payable 495 (328) (541)
Other liabilities (48) 1,875 13,549
Net cash provided by operating activities 42,357 40,771 37,180
Cash flows from investing activities:      
Proceeds from sales of investment securities available-for-sale 43,503   65,120
Proceeds from repayments of investment securities:      
Available-for-sale 41,191 57,513 84,622
Held-to-maturity 5,745 2,886 427
Proceeds from sale of Visa Class B shares   12,153  
Purchases of investment securities:      
Available-for-sale (112,838) (291,658) (107,196)
Held-to-maturity (25,872) (66,943)  
Net (purchase) redemption of restricted equity securities (5,585) 1,352 4,804
Net increase in loans (402,699) (151,955) (241,307)
Investment in bank owned life insurance (5,881)   (6,500)
Purchases of premises and equipment (7,831) (4,885) (2,292)
Proceeds from the sale of premises and equipment 170 58 435
Proceeds from bank owned life insurance 1,312 451  
Proceeds from sale of other real estate owned 966 925 647
Net cash used in investing activities (467,819) (440,103) (201,240)
Cash flows from financing activities:      
Net increase in deposits 83,201 526,284 465,624
Repayment of long-term debt (2,156) (12,058) (17,964)
Net increase (decrease) in short-term borrowings 114,930 (50,000) (102,150)
Retirement of common stock (1,253) (2,361) (6,893)
Cash dividends paid (11,325) (10,792) (10,518)
Net cash provided by financing activities 183,397 451,073 361,099
Net (decrease) increase in cash and cash equivalents (242,065) 51,741 197,039
Cash and cash equivalents at beginning of period 279,933 228,192 31,153
Cash and cash equivalents at end of period 37,868 279,933 228,192
Cash paid during the period for:      
Interest 15,090 9,750 14,865
Income taxes $ 10,000 6,740 6,250
Noncash items:      
Transfers of loans to other real estate   544 1,163
Origination of mortgage servicing rights   247 318
Initial recognition of right-of-use assets   2,731 899
Initial recognition of lease liability   $ 2,731 899
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