XML 191 R122.htm IDEA: XBRL DOCUMENT v3.22.0.1
PARENT COMPANY ONLY - Condensed Statement of Cash Flows (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:                    
Net income $ 7,308 $ 7,399 $ 7,060 $ 8,787 $ 6,770 $ 2,848 $ 5,438 $ 4,166 $ 30,554 $ 19,222
Adjustments to reconcile net income to net cash provided by operating activities:                    
Decrease (increase) in other assets                 186 (2,645)
Increase (decrease) in other liabilities                 210 2,473
Net Cash Provided by Operating Activities                 34,844 24,784
CASH FLOWS FROM FINANCING ACTIVITIES:                    
Proceeds from issuance of senior notes and subordinated debt                 14,663 0
Repayment of subordinated debt                 8,000 0
Dividends paid                 (15,976) (14,469)
Net Cash Provided by (Used in) Financing Activities                 68,882 (56,469)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS                 (169) 64,895
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR       96,017       31,122 96,017 31,122
CASH AND CASH EQUIVALENTS, END OF YEAR 95,848       96,017       95,848 96,017
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:                    
Interest paid                 8,174 10,742
Parent Company                    
CASH FLOWS FROM OPERATING ACTIVITIES:                    
Net income                 30,554 19,222
Adjustments to reconcile net income to net cash provided by operating activities:                    
Accretion of purchase accounting adjustment                 (43) (38)
Amortization of Debt Issuance Costs                 101 0
Distributions in excess of income from subsidiaries                 (12,045) 17,797
Decrease (increase) in other assets                 (29) 105
Increase (decrease) in other liabilities                 (16) 13
Net Cash Provided by Operating Activities                 18,522 37,099
CASH FLOWS FROM INVESTING ACTIVITIES:                    
Net cash used in business combination                 0 (21,837)
CASH FLOWS FROM FINANCING ACTIVITIES:                    
Proceeds from issuance of senior notes and subordinated debt                 39,100 0
Repayment of subordinated debt                 8,000 0
Proceeds from sale of treasury stock                 212 131
Purchases of treasury stock                 (7,586) (163)
Dividends paid                 (15,976) (14,469)
Net Cash Provided by (Used in) Financing Activities                 7,750 (14,501)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS                 26,272 761
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR       $ 7,246       $ 6,485 7,246 6,485
CASH AND CASH EQUIVALENTS, END OF YEAR $ 33,518       $ 7,246       33,518 7,246
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:                    
Investment of net assets acquired in business combination in Citizens & Northern Bank                 0 73,426
Common equity issued in business combination                 0 41,429
Subordinated debt assumed in business combination                 0 10,091
Other liabilities assumed in business combination                 0 69
Interest paid                 $ 1,567 $ 655