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Consolidated Statements Of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net income $ 15,963,000 $ 8,248,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 925,000 998,000
Net amortization of loans and investment securities 503,000 1,620,000
Amortization of subordinate debt issuance costs 26,000 6,000
Provision for (recovery of) loan losses (1,900,000) 5,350,000
(Increase) decrease in fair value of equity securities (83,000) 139,000
Debt securities (gains) losses, net (91,000) 26,000
Loans originated for sale (81,204,000) (66,296,000)
Proceeds from sale of loans 88,402,000 58,838,000
Gain on sale of loans (1,866,000) (876,000)
Increase in cash surrender value of bank owned life insurance (336,000) (346,000)
(Increase) decrease in fair value of derivative (20,000) 32,000
Gains from surrender of life insurance policies (147,000) (812,000)
Income tax benefit of statutory treatment of net operating loss carryback   (1,112,000)
Stock option compensation 161,000 141,000
Decrease (increase) in other assets 4,184,000 (2,764,000)
Decrease in other liabilities (647,000) (817,000)
Net cash provided by operating activities 23,870,000 2,375,000
Cash flows from investing activities    
Net decrease (increase) in long-term interest-bearing deposits in other banks 1,999,000 (5,489,000)
Proceeds from sales and calls of investment securities available for sale 16,060,000 1,390,000
Proceeds from maturities and pay-downs of securities available for sale 27,057,000 31,450,000
Purchase of investment securities available for sale (200,913,000) (183,927,000)
Net increase in restricted stock (27,000) (3,000)
Net increase in loans (6,240,000) (88,838,000)
Proceeds from surrender of bank owned life insurance policy 685,000 3,623,000
Capital expenditures (7,367,000) (451,000)
Net cash used in investing activities (168,746,000) (242,245,000)
Cash flows from financing activities    
Net increase in demand deposits, interest-bearing checking, and savings accounts 195,443,000 221,388,000
Net decrease in time deposits (5,721,000) (10,031,000)
Proceeds from subordinated notes, net of issuance costs   19,541,000
Dividends paid (4,105,000) (3,914,000)
Purchase of Treasury shares (1,105,000) (1,172,000)
Cash received from option exercises 100,000 28,000
Treasury shares issued under dividend reinvestment plan 2,011,000 1,362,000
Net cash provided by financing activities 186,623,000 227,202,000
Increase (decrease) in cash and cash equivalents 41,747,000 (12,668,000)
Cash and cash equivalents at the beginning of the period 57,146,000 83,828,000
Cash and cash equivalents at the end of the period 98,893,000 71,160,000
Supplemental Disclosures of Cash Flow Information    
Cash paid during the year for: Interest on deposits and other borrowed funds 2,268,000 3,158,000
Cash paid during the year for: Income taxes $ 1,872,000 1,548,000
Noncash Activities    
Lease liabilities arising from obtaining right-of-use assets   $ 105,000