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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net income $ 45,698 $ 28,275 $ 29,638
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 1,057 1,302 1,406
Provision for Credit Losses 0 21,145 4,468
(Accretion)Amortization of premiums and discounts on securities (766) 381 812
Gain on sales of loans (370) (331) (486)
Net loss on sale of available-for-sale debt securities 6 16 127
Stock-based compensation expense 2,467 2,164 1,384
Gain on sale of premises and equipment (120) (77) (24)
Cash receipts from the sale of loans originated for sale 20,452 10,535 33,776
Cash disbursements for loans originated for sale (19,364) (10,922) (32,826)
Deferred income tax benefit (144) (1,259) (1,423)
Changes in      
Interest receivable and other assets 5,277 (2,536) (1,865)
Interest payable and other liabilities 853 432 4,727
Net cash provided by operating activities 55,046 49,125 39,714
Investing Activities      
Net cash paid for acquisition 0 (16,482) 0
Maturities of interest-bearing time deposits in other banks 19,461 8,471 2,490
Purchases of interest-bearing time deposits in other banks (8,501) (20,676) (4,727)
Proceeds from sale of available-for-sale debt securities 0 0 11,820
Maturities, prepayments and calls of available-for-sale debt securities 195,692 7,422 19,736
Purchases of available-for-sale debt securities (83,877) 0 (133,052)
Net change in loans (38,638) (106,762) (242,105)
Purchases of premises and equipment (4,197) (2,834) (294)
Proceeds from sale of premises and equipment 218 78 3,370
Change in nonmarketable equity securities 0 (74) (7)
Net cash provided by (used in) investing activities 80,158 (130,857) (342,769)
Financing Activities      
Net change in deposits (75,920) 159,991 211,829
Cash distributions (8,057) (6,323) (4,366)
Shares purchased and retired for restricted stock units (666) (513) (454)
Net settlement of stock options 2,591 503 309
Common stock issued for restricted stock units 2 1 0
Net cash provided by (used in) financing activities (82,050) 153,659 207,318
Net Increase/(Decrease) in Cash and Due from Banks 53,154 71,927 (95,737)
Cash and Due from Banks, Beginning of Period 181,042 109,115 204,852
Cash and Due from Banks, End of Period 234,196 181,042 109,115
Supplemental Disclosure of Cash Flows Information      
Interest paid 45,565 37,935 9,100
Income taxes paid 15,059 10,800 9,981
Dividends declared and not paid 2,254 1,932 1,463
Measurement period goodwill adjustment $ 0 $ (146) $ 124