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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
     Net income $ 17,709 $ 13,064
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 1,033 1,071
Change in deferred taxes 563 (412)
Provision for loan losses 1,050 2,750
Loans originated for resale (32,010) (51,496)
Proceeds from sales and transfers of loans 38,747 47,660
Net gain on sales of loans (2,029) (960)
Net gain on sale or call of securities (164) (1,179)
Net amortization of premiums on investments 1,249 831
Net (gain) loss on sale of other real estate owned (105) 29
Equity compensation expense 490 312
Net (increase) decrease in other assets and accrued interest 10,543 (17,880)
Net increase (decrease) in other liabilities (4,926) 11,264
Net (gain) loss on disposal of premises and equipment 2 (3)
Amortization of investment in limited partnership 154 156
Net acquisition amortization 35 22
     Net cash provided by operating activities 32,341 5,229
Cash flows from investing activities    
(Increase) decrease in interest-bearing deposits in other banks 13,936 (10,597)
Proceeds from sales of securities available for sale 15,692 70,869
Proceeds from maturities, payments and calls of securities available for sale 66,338 49,294
Proceeds from maturities, payments, calls and sales of securities to be held to maturity 59,410 47,754
Proceeds from sales of other real estate owned 789 193
Purchases of securities available for sale (80,581) (66,660)
Purchases of securities to be held to maturity (70,192) (107,842)
Redemption of restricted equity securities 1,706 0
Purchase of restricted equity securities 0 (1,563)
Net increase in loans (111,772) (155,621)
Capital expenditures (3,297) (475)
     Net cash used by investing activities (107,971) (174,648)
Cash flows from financing activities    
Net increase in demand, savings, and money market accounts 126,093 123,001
Net decrease in certificates of deposit (9,383) (33,346)
Net increase (decrease) in short-term borrowings (33,386) 48,853
Advances on long-term borrowings 0 44,997
Repayment on long-term borrowings (4) 0
Payment to repurchase common stock (240) (154)
Proceeds from sale of common stock 340 325
Dividends paid (6,910) (6,547)
Net cash provided by financing activities 76,510 177,129
Net increase in cash and cash equivalents 880 7,710
Cash and cash equivalents at beginning of period 26,212 14,433
     Cash and cash equivalents at end of period 27,092 22,143
Interest paid 6,282 10,317
Income taxes paid 2,633 2,261
Non-cash transactions    
Net transfer from loans to other real estate owned $ 0 $ 794