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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income $ 7,831 $ 11,642  
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Net Amortization on Securities Available for Sale (281) 101  
Net (Gain) Loss on Sales of Securities Available for Sale (93) 56  
Provision for Credit Losses on Loans 850 1,500  
Credit for Off-Balance Sheet Exposures (100) (875)  
Depreciation of Premises and Equipment 593 651  
Amortization of Other Intangible Assets 9 48  
Amortization of Right-of Use Asset 139 125  
Amortization of Subordinated Debt Issuance Costs 95 96  
Stock-based Compensation 1,031 941  
Changes in Operating Assets and Liabilities:      
Accrued Interest Receivable and Other Assets (6,398) (6,369)  
Accrued Interest Payable and Other Liabilities 3,509 (118)  
Net Cash Provided by Operating Activities 7,185 7,798  
CASH FLOWS FROM INVESTING ACTIVITIES      
Increase in Bank-Owned Certificates of Deposit   (44)  
Proceeds from Sales of Securities Available for Sale 12,784 19,959  
Proceeds from Maturities, Paydowns, Payups and Calls of Securities Available for Sale 9,143 7,055  
Purchases of Securities Available for Sale (45,559) (32,689)  
Net Increase in Loans (60,137) (114,711)  
Net Increase in FHLB Stock (98) (9,026)  
Purchases of Premises and Equipment (6) (7)  
Net Cash Used in Investing Activities (83,873) (129,463)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Net (Increase) Decrease in Deposits 97,277 (5,420)  
Net Increase in Federal Funds Purchased   150,000  
Proceeds from FHLB Advances 208,000 155,500  
Principal Payments on FHLB Advances (210,500) (55,500)  
Preferred Stock Dividends Paid (1,013) (1,013)  
Stock Options Exercised 66 261  
Stock Repurchases (2,276)    
Shares Repurchased for Tax Withholdings Upon Vesting of Restricted Stock-Based Awards (73) (14)  
Net Cash Provided by Financing Activities 91,481 243,814  
NET CHANGE IN CASH AND CASH EQUIVALENTS 14,793 122,149  
Cash and Cash Equivalents Beginning 128,562 87,043 $ 87,043
Cash and Cash Equivalents Ending 143,355 209,192 $ 128,562
SUPPLEMENTAL CASH FLOW DISCLOSURE      
Cash Paid for Interest 34,820 22,903  
Cash Paid for Income Taxes   $ 39  
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Net Investment Securities (Purchased) Sold but Not Settled $ 3,446