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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
     Net income $ 19,702 $ 17,709
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 996 1,033
Change in deferred taxes 48 563
Provision for loan losses 900 1,050
Loans originated for resale (16,880) (32,010)
Proceeds from sales and transfers of loans 17,342 38,747
Net gain on sales of loans (316) (2,029)
Net gain on sale or call of securities (1) (164)
Net amortization of premiums on investments 508 1,249
Net gain on sale of other real estate owned 0 (105)
Equity compensation expense 412 490
Net (increase) decrease in other assets and accrued interest (5,732) 10,543
Net increase (decrease) in other liabilities 2,103 (4,926)
Net (gain) loss on disposal of premises and equipment (14) 2
Amortization of investment in limited partnership 152 154
Net acquisition amortization 35 35
     Net cash provided by operating activities 19,255 32,341
Cash flows from investing activities    
Decrease in interest-bearing deposits in other banks 43,807 13,936
Proceeds from sales of securities available for sale 0 15,692
Proceeds from maturities, payments and calls of securities available for sale 27,123 66,338
Proceeds from maturities, payments, calls and sales of securities to be held to maturity 12,907 59,410
Proceeds from sales of other real estate owned 0 789
Purchases of securities available for sale (47,998) (80,581)
Purchases of securities to be held to maturity (22,683) (70,192)
Redemption of restricted equity securities 645 1,706
Net increase in loans (140,977) (111,772)
Capital expenditures (1,107) (3,297)
Proceeds from disposal of premises and equipment 37 0
     Net cash used by investing activities (128,246) (107,971)
Cash flows from financing activities    
Net increase (decrease) in demand, savings, and money market accounts (9,480) 126,093
Net increase (decrease) in certificates of deposit 138,205 (9,383)
Net increase (decrease) in short-term borrowings 45,250 (33,386)
Repayment on long-term borrowings (55,004) (4)
Payment to repurchase common stock (276) (240)
Proceeds from sale of common stock 385 340
Dividends paid (7,270) (6,910)
Net cash provided by financing activities 111,810 76,510
Net increase in cash and cash equivalents 2,819 880
Cash and cash equivalents at beginning of period 20,634 26,212
     Cash and cash equivalents at end of period 23,453 27,092
Interest paid 4,503 6,282
Income taxes paid 3,216 2,633
Non-cash transactions    
Change in net unrealized loss on available for sale securities, net of tax 31,077 3,819
Net transfer from loans to other real estate owned $ 51 $ 0