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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Dec. 31, 2020
Operating activities            
Net income $ 10,826 $ 9,198 $ 30,702 $ 27,165    
Adjustments to reconcile net income to net cash provided by operating activities:            
Deferred income taxes, net     (2,258) 1,218    
Impairment of tax credit investments     (351) 0    
Provision for loan and lease losses 12 (2,269) (4,569) (5,295)    
Derivative Credit Valuation Adjustment     0 (376)    
Depreciation, amortization and accretion, net     3,088 2,696    
Gain (Loss) on Sale of Leased Assets, Net, Operating Leases     (478) 0    
Loss on disposal of equipment     0 68    
Amortization Method Qualified Affordable Housing Project Investments, Amortization     552   $ 0  
Share-based compensation 651 578 1,905 1,716    
Net gain on sale of securities     0 (29)    
Increase in bank-owned life insurance policies (359) (357) (1,057) (1,056)    
Originations of loans for sale     (94,433) (57,710)    
Sale of SBA loans originated for sale     99,499 63,805    
Gain on sale of loans originated for sale     (2,269) (3,002)    
Net loss on foreclosed properties, including impairment valuation     27 7    
Loan servicing right impairment valuation     15 (78)    
Excess tax benefit expense from share-based compensation     183 27    
Proceeds from Equity Method Investment, Distribution     314 0    
Payments on operating lease liabilities     (1,230) (1,187)    
Payments received on operating leases     134 126    
Net increase in accrued interest receivable and other assets     (4) (4,789)    
Net increase in accrued interest payable and other liabilities     1,620 1,455    
Net cash provided by operating activities     31,390 24,761    
Investing activities            
Proceeds from maturities, redemptions, and paydowns of available-for-sale securities     32,699 40,789    
Proceeds from maturities, redemptions, and paydowns of held-to-maturity securities     6,190 5,146    
Proceeds from sale of available-for-sale securities     0 14,955    
Purchases of available-for-sale securities     (54,098) (69,503)    
Proceeds from sale of foreclosed properties     37 0    
Net (increase) decrease in loans and leases     (86,487) 23,969    
Investments in limited partnerships     (797) (672)    
Returns of investments in limited partnerships     17 60    
Distribution from historic development entities     474 57    
Investment in low-income housing     (11,146) (1,307)    
Investment in Federal Home Loan Bank stock     (35,650) (6,314)    
Proceeds from the sale of Federal Home Loan Bank stock     33,285 7,540    
Purchases of leasehold improvements and equipment, net     (1,847) (224)    
Purchases of bank-owned life insurance policies     (25) 0    
Proceeds from (Repurchase of) Trust Preferred Securities     315 0    
Net cash used in investing activities     (117,033) 14,496    
Financing activities            
Net increase in deposits     129,622 48,766    
Proceeds from Federal Home Loan Bank advances     2,002,844 624,300    
Repayment of Federal Home Loan Bank advances     (1,993,844) (661,000)    
Repayment of subordinated notes payable     (9,090) 0    
Proceeds from Issuance of Subordinated Long-term Debt     20,000 0    
Repayments of Other Long-term Debt     10,076 0    
Net (decrease) increase in long-term borrowed funds     (3,064) 11,633    
Cash dividends paid     (5,023) (4,644)    
Preferred stock dividend     (464) 0    
Proceeds from issuance of common stock under ESPP     104 119    
Proceeds from issuance of preferred stock     11,992 0    
Purchase of treasury stock     (3,503) (4,716)    
Net cash provided by financing activities     139,498 14,458    
Net increase in cash and cash equivalents     53,855 53,715    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 110,965 $ 110,624 110,965 110,624 $ 57,110 $ 56,909
Cash paid during the period for:            
Interest paid on deposits and borrowings     11,083 10,876    
Income taxes paid     3,263 9,958    
Right-of-use assets obtained in exchange for operating lease liabilities     0 316    
Transfer from loans and leases to foreclosed properties     $ 50 $ 145