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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 40,546 $ 32,192 $ 33,878
Adjustments to reconcile net income to net cash from operating activities      
Time deposits amortization 8 2  
Security amortization, net 1,376 1,119 1,185
Depreciation 1,976 2,253 2,240
Amortization of core deposit intangible 890 913 945
Amortization of net deferred loan fees (10,738) (5,066) (626)
Net gain on sale of securities (1,786) (94) (32)
Net (gain) loss on equity securities (186) 57 (121)
Provision for loan losses 830 10,112 1,035
Loans originated for sale (255,265) (308,742) (126,690)
Proceeds from sale of loans 268,336 312,589 128,503
Net gain on sale of loans (8,042) (8,563) (2,707)
Increase in cash surrender value of bank owned life insurance (1,200) (977) (1,007)
Share-based compensation 702 617 531
Deferred taxes 1,319 (2,277) 663
Change in Accrued interest payable 111 (73) 47
Accrued interest receivable 2,036 (2,328) (370)
Other, net (152) 920 1,327
Net cash from operating activities 40,761 32,654 38,801
Cash flows used for investing activities:      
Maturities 980 735  
Purchases (245) (1,250) (980)
Maturities, prepayments and calls of securities, available for sale 61,927 58,246 54,055
Sales of securities, available for sale 1,810 1,455 17,570
Purchases of securities, available for sale (268,309) (54,850) (71,646)
Purchases of other securities   (257)  
Redemption of other securities 3,526   741
Redemption of equity securities   247  
Purchases of bank owned life insurance     (955)
Proceeds from bank owned life insurance 535    
Net change in loans 71,072 (343,348) (146,350)
Proceeds from sale of OREO properties 122    
Premises and equipment purchases (1,927) (1,972) (3,201)
Disposal of premises and equipment 13 12 2
Net cash used for investing activities (130,496) (340,982) (150,764)
Cash flows from financing activities:      
Increase in deposits 227,303 510,634 98,871
Net change in short-term FHLB advances   (101,500) (87,100)
Repayment of long-term FHLB advances (50,000)   (5,000)
Proceeds from long-term FHLB advances     125,000
Repayment of other borrowings   (183,695)  
Proceeds from other borrowings   183,695  
Proceeds from subordinated debentures 73,386    
Increase (decrease) in securities sold under repurchase agreements (3,419) 10,240 (3,525)
Cash payment for redemption of series B preferred stock     (402)
Repurchase of common stock (22,309) (13,454) (3,909)
Cash paid on fractional shares on preferred stock conversion     (2)
Cash dividends paid (8,036) (7,118) (7,194)
Net cash from financing activities 216,925 398,802 116,739
Increase in cash and due from financial institutions 127,190 90,474 4,776
Cash and cash equivalents at beginning of year 137,049 46,575 41,799
Cash and cash equivalents at end of year 264,239 137,049 46,575
Supplemental disclosures of cash flow information:      
Interest paid 6,206 10,211 12,907
Income taxes paid 6,180 7,095 5,700
Transfer of loans from portfolio to other real estate owned 72 $ 31  
Transfer of premises to held-for-sale     76
Securities purchased not settled $ 3,524   1,200
Conversion of preferred stock to common stock     $ 8,960