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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 14,881 $ 18,616
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision (credit) for loan losses (706) (540)
Provision (credit) for off-balance sheet commitments 131 (2)
Amortization of securities available-for-sale, loans and deposits, net 1,729 1,909
Amortization of intangible assets 438 479
Depreciation 1,064 1,032
Deferred income taxes 985 131
Securities (gains), net (37) (24)
Increase in cash value of bank-owned life insurance (51) (52)
(Gain) on sales of loans held for sale (501) (1,313)
Proceeds from loans held for sale 22,904 55,004
Originations of loans held for sale (22,870) (52,448)
(Gain) loss on sale and disposal of premises and equipment, net (76) 13
Amortization of investment in New Markets Tax Credit projects 567 479
Impairment of other real estate owned 0 83
Loss on sale of other real estate owned, net 0 1
Change in assets and liabilities:    
(Increase) in accrued income receivable (1,949) (35)
(Increase) decrease in other assets (1,059) 377
(Decrease) in accrued expenses and other liabilities (450) (24)
Net cash provided by operating activities 15,000 23,686
CASH FLOWS FROM INVESTING ACTIVITIES    
Net decrease in interest-bearing time deposits 1,512 1,261
Purchase of securities available-for-sale (138,006) (282,379)
Proceeds from sale of securities available-for-sale 10,548 622
Proceeds from maturities and calls of securities available-for-sale 72,304 100,573
Purchase of FHLB stock (5,946) (286)
Proceeds from the redemption of FHLB and FRB stock 5,227 10
Net (increase) decrease in loans (29,997) 3,822
Net proceeds from the sale of other real estate owned 0 7
Purchase of premises and equipment (1,754) (927)
Proceeds from the sale of premises and equipment 125 0
Net cash (used in) investing activities (85,987) (177,297)
CASH FLOWS FROM FINANCING ACTIVITIES    
Increase (decrease) in deposits (5,008) 120,353
Increase (decrease) in securities sold under agreements to repurchase 1,218 (1,016)
Payments on FHLB and other borrowings (3,150) 0
Proceeds from other borrowings 4,000 0
Net proceeds from FHLB short-term borrowings 23,600 0
Dividends paid (7,247) (7,024)
Stock repurchases (2,300) (571)
Net cash provided by financing activities 11,113 111,742
Net decrease in cash and cash equivalents (59,874) (41,869)
CASH AND CASH EQUIVALENTS    
Beginning 89,129 173,097
Ending 29,255 131,228
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest 4,553 3,987
Income taxes 3,603 4,327
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES    
Transfer of loans receivable to other real estate owned $ 0 $ 560