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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 16,956 $ 17,029
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 100 416
Depreciation 2,041 1,949
Amortization 8,145 6,989
Compensation expense on employee and director stock purchases, stock options, and restricted stock units 726 596
Net losses (gains) on sales of available for sale securities 805 (3)
Net change in market value of equity securities 1,006 (461)
Gains on sales of loans (2,123) (5,715)
Loans originated for sale (68,434) (162,579)
Proceeds from loan sales 70,155 171,882
Earnings on bank-owned life insurance (793) (570)
Proceeds from BOLI policy 130 0
Earnings on death benefit from bank-owned life insurance (14) 0
(Gains)/losses on sales of other real estate owned (41) (4)
Proceeds from sales of other real estate owned 235 407
Deferred federal income tax (benefit)/expense 169 634
Net change in:    
Other assets (4,461) (2,805)
Other liabilities 7,423 1,797
Net cash provided by operating activities 32,025 29,562
Cash flows from investing activities:    
Sales of securities available for sale 47,167 0
Maturities, prepayments and calls of securities available for sale 39,024 39,772
Maturities, prepayments and calls of securities held to maturity 6,277 0
Purchases of securities available for sale (54,347) (514,204)
Purchases of securities held to maturity (7,505) 0
Loan originations and payments, net (73,321) 78,067
Additions to premises and equipment (1,238) (2,193)
Proceeds from (payments for) derivative contracts, net (16,547) 0
Net cash provided by (used in) investing activities (60,490) (398,558)
Cash flows from financing activities:    
Net change in deposits 104,360 337,572
Net change in short term borrowings 50,000 (22,464)
Issuance of common stock 80 104
Repurchase of common stock (682) (5,561)
Share based compensation withholding obligation (62)  
Cash dividends (5,624) (5,322)
Net cash provided by financing activities 48,072 349,257
Net change in cash and cash equivalents 19,607 (19,739)
Beginning cash and cash equivalents 31,887 79,519
Ending cash and cash equivalents 51,494 59,780
Supplemental disclosures of cash flow information:    
Cash paid for interest 4,738 2,885
Cash paid for income taxes 200 2,501
Loans transferred to other real estate owned $ 0 $ 298