XML 18 R8.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net income $ 13,162 $ 8,469
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Provision for credit losses 5,100 6,050
Accretion of certain acquisition-related discounts, net (199) (298)
Share-based compensation 916 973
Depreciation and amortization 1,984 1,896
Amortization of premiums and accretion of discounts on securities, net (88) 769
Reversal of provision for indemnifications (60) (275)
Income from bank-owned life insurance (212) (215)
Pension expense 359 451
Proceeds from sales of loans held for sale 306,756 223,410
Origination of loans held for sale (326,348) (239,259)
Gains on sales of loans held for sale (4,305) (2,989)
Other gains, net 48 64
Change in other assets and liabilities:    
Accrued interest receivable (342) (118)
Other assets 2,308 872
Accrued interest payable (331) 1,177
Other liabilities 75 1,613
Net cash (used in) provided by operating activities (1,177) 2,590
Investing activities:    
Proceeds from sales, maturities and calls of securities available for sale and payments on mortgage-backed securities 31,333 72,896
Purchases of securities available for sale (42,331) (16,532)
Purchases of time deposits, net (254) 736
Repayments on loans held for investment by non-bank affiliates 82,921 84,998
Purchases of loans held for investment by non-bank affiliates (83,286) (93,840)
Net increase in community banking loans held for investment (76,490) (118,986)
Purchases of corporate premises and equipment (833) (1,024)
Other investing activities, net (672) (470)
Net cash used in investing activities (89,612) (72,222)
Financing activities:    
Net increase (decrease) in demand and savings deposits 60,841 (70,533)
Net increase in time deposits 24,613 110,465
Net decrease in short-term borrowings (8,352) (33,174)
Proceeds from long-term borrowings 52,000 40,000
Repayments of long-term borrowings (20,000)  
Repurchases of common stock (436) (4,543)
Cash dividends paid (2,977) (2,937)
Other financing activities, net (291) (139)
Net cash provided by financing activities 105,398 39,139
Net increase (decrease) in cash and cash equivalents 14,609 (30,493)
Cash and cash equivalents at beginning of period 65,586 75,159
Cash and cash equivalents at end of period 80,195 44,666
Supplemental cash flow disclosures:    
Interest paid 22,190 18,839
Income taxes paid 2,113 22
Supplemental disclosure of noncash investing and financing activities:    
Liabilities assumed to acquire right of use assets at lease commencement $ 190 $ 2,481