XML 20 R8.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 10,352 $ 8,188
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 665 600
Amortization 186 131
Share-based compensation earned 94 78
Share-based board compensation earned 17 23
(Gain) Loss on other assets owned 27 0
Net (accretion) amortization on securities AFS 291 329
Net (accretion) amortization on securities HTM (318) (306)
(Gain) Loss on equity securities (44) 31
Provision for credit losses 450 300
Deferred income tax (benefit) expense (483) 587
Net (increase) decrease in loans HFS 369 (347)
Net (increase) decrease in accrued interest receivable (505) (50)
Net (increase) decrease in BOLI (213) (202)
Net increase (decrease) in accrued interest payable (1,120) 959
Net increase (decrease) in accrued income taxes payable 2,994 1,415
Other operating activities, net 1,152 2,683
Net cash provided by (used in) operating activities 13,914 14,419
Activity in securities AFS:    
Maturities, principal repayments, and calls 24,336 37,330
Purchases (36,758) (16,641)
Activity in securities HTM:    
Maturities, principal repayments, and calls 2,428 2,214
Capital contribution in partnerships (50) (40)
Net (increase) decrease in loans HFI (40,216) (45,286)
Proceeds from sales of foreclosed assets 27 69
Purchases of premises and equipment (258) (1,051)
Net cash provided by (used in) investing activities (50,491) (23,405)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in deposits 20,570 (55,997)
Repurchase of common stock 0 (10,000)
Cash dividends (813) (638)
Net cash provided by (used in) financing activities 19,757 (66,635)
Net change in cash and cash equivalents (16,820) (75,621)
Cash and cash equivalents - beginning of period 268,975 305,426
Cash and cash equivalents - end of period 252,155 229,805
Cash paid during the period for:    
Interest 12,318 10,696
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES    
Assets acquired in settlement of loans $ 125 $ 0