XML 19 R8.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 20,548 $ 16,175
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 1,344 1,202
Amortization 385 278
Share-based compensation earned 215 183
Share-based board compensation earned 35 42
Net (accretion) amortization on securities AFS 543 627
Net (accretion) amortization on securities HTM (642) (652)
(Gain) Loss on equity securities (53) 44
(Gain) Loss on other assets owned 28 0
Provision for credit losses 900 600
Deferred income tax (benefit) expense (824) 38
Net (increase) decrease in loans HFS (2,164) (2,572)
Net (increase) decrease in accrued interest receivable 21 375
Net (increase) decrease in BOLI (437) (418)
Net increase (decrease) in accrued interest payable (1,341) 747
Net increase (decrease) in accrued income taxes payable (511) (522)
Other operating activities, net (337) 685
Net cash provided by (used in) operating activities 17,710 16,832
Activity in securities AFS:    
Maturities, principal repayments, and calls 53,245 75,248
Purchases (68,470) (34,908)
Activity in securities HTM:    
Maturities, principal repayments, and calls 5,133 5,064
Capital contribution in partnerships (50) (40)
Return of capital in partnerships 476 0
Net (increase) decrease in loans HFI (64,463) (55,341)
Proceeds from sales of foreclosed assets 270 69
Proceeds from sales of premises and equipment 12 11
Purchases of premises and equipment (525) (2,024)
Net cash provided by (used in) investing activities (74,372) (11,921)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in deposits 5,499 (85,242)
Repurchase of common stock, excluding excise tax (5,756) (10,764)
Cash dividends (1,614) (1,258)
Net cash provided by (used in) financing activities (1,871) (97,264)
Net change in cash and cash equivalents (58,533) (92,353)
Cash and cash equivalents - beginning of period 268,975 305,426
Cash and cash equivalents - end of period 210,442 213,073
Cash paid during the period for:    
Interest 23,450 22,802
Income taxes 6,362 4,256
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES    
Assets acquired in settlement of loans $ 487 $ 0