XML 17 R8.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities:    
Net income $ 5,735 $ 7,165
Adjustments to reconcile net income to net cash provided by operating activities:    
(Reversal of) provision for loan losses (328) 280
Accretion of certain acquisition-related discounts, net (362) (743)
Share-based compensation 511 392
Depreciation and amortization 1,135 1,189
Accretion of discounts and amortization of premiums on securities, net 811 833
(Reversal of) provision for indemnifications (583) 17
Income from bank-owned life insurance (77) (112)
Pension expense 177 206
Proceeds from sales of loans held for sale 227,612 462,469
Origination of loans held for sale (189,976) (424,082)
Gains on sales of loans held for sale (2,695) (7,058)
Other gains, net (102) (59)
Change in other assets and liabilities:    
Accrued interest receivable (143) 380
Other assets 1,052 198
Accrued interest payable (281) (375)
Other liabilities (1,289) 434
Net cash provided by operating activities 41,197 41,134
Investing activities:    
Proceeds from sales, maturities and calls of securities available for sale and payments on mortgage-backed securities 14,629 33,712
Purchases of securities available for sale (76,494) (72,413)
(Purchases) maturities of time deposits, net (247) 1,976
Repayments on loans held for investment by non-bank affiliates 44,274 35,907
Purchases of loans held for investment by non-bank affiliates (72,818) (41,064)
Net increase in community banking loans held for investment (2,320) (22,770)
Purchases of corporate premises and equipment (1,203) (2,123)
Changes in collateral posted with other financial institutions, net 3,880 4,300
Other investing activities, net (186) 683
Net cash used in investing activities (90,485) (61,792)
Financing activities:    
Net increase in demand and savings deposits 79,999 91,293
Net decrease in time deposits (24,952) (11,414)
Net (decrease) increase in short-term borrowings (2,301) 3,471
Repurchases of common stock (723) (229)
Cash dividends paid (1,420) (1,399)
Other financing activities, net (122) (295)
Net cash provided by financing activities 50,481 81,427
Net increase in cash and cash equivalents 1,193 60,769
Cash and cash equivalents at beginning of period 267,745 86,669
Cash and cash equivalents at end of period 268,938 147,438
Supplemental cash flow disclosures:    
Interest paid 2,047 2,856
Supplemental disclosure of noncash investing and financing activities:    
Liabilities assumed to acquire right of use assets under operating leases $ 838 $ 118