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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net earnings $ 11,976 $ 12,126
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation, amortization and accretion 4,914 3,991
Provision for (recovery of) loan losses 889 (863)
Deferred income taxes (31) (27)
Gain on sale of other real estate 0 (21)
Gain on sale of other assets 0 (104)
Restricted stock expense (95) (166)
Proceeds from sales of mortgage loans held for sale 20,475 76,086
Origination of mortgage loans held for sale (17,813) (76,033)
Change in:    
Cash surrender value of life insurance (301) (297)
Right of use lease asset 568 562
Other assets (2,944) 455
Lease liability (556) (549)
Other liabilities 232 2,138
Net cash provided by operating activities 17,314 17,298
Cash flows from investing activities:    
Purchases of investment securities available for sale (139,657) (186,793)
Proceeds from sales, calls and maturities of investment securities available for sale 7,870 6,010
Proceeds from paydowns of investment securities available for sale 31,186 18,335
Proceeds from paydowns on other investments 1,011 132
Redemptions (purchases) of FHLB stock (105) 331
Net change in loans (120,252) 57,552
Purchases of premises and equipment (4,196) (379)
Proceeds from sale of other assets 0 515
Proceeds from sale of other real estate 0 149
Proceeds from bank owned life insurance 65 0
Net cash used by investing activities (224,078) (104,148)
Cash flows from financing activities:    
Net change in deposits 88,343 188,879
Net change in securities sold under agreement to repurchase 892 6,131
Common stock repurchased (594) (3,605)
Cash dividends paid on common stock (3,915) (2,827)
Net cash provided by financing activities 84,726 188,578
Net change in cash and cash equivalents (122,038) 101,728
Cash and cash equivalents at beginning of period 277,499 161,580
Cash and cash equivalents at end of period 155,461 263,308
Cash paid during the period for:    
Interest 2,112 1,658
Income taxes 3,069 3,221
Noncash investing and financing activities:    
Change in unrealized loss on investment securities available for sale, net (45,953) (2,090)
Issuance of accrued restricted stock units 41 39
Transfer of premises and equipment to other assets held for sale 0 408
Initial recognition of lease right-of-use asset and lease liability $ 1,726 $ 952