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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 5,613 $ 3,998
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Net accretion of acquisition accounting estimates (525) (80)
Provision for credit losses 600 425
Depreciation and amortization 1,558 628
Net amortization of securities 454 307
Amortization of debt issuance costs 31 31
Loss on mortgage banking activities (1,679)  
Proceeds from sale of mortgage loans held for sale 66,560  
Originations of loans held for sale (41,165)  
Stock-based compensation expense 130 97
Deferred income tax (benefit) 29 (485)
(Gains) on valuation adjustments on mortgage servicing rights (554)  
Gains on sales and valuation adjustments on other real estate owned (9)  
Fair value adjustment on equity securities 70 18
Bank owned life insurance income (193) (253)
Net changes in:    
Accrued interest receivable (545) 607
Other assets (976) (1,638)
Accrued interest payable (323) (385)
Other liabilities (3,877) 626
Net cash provided by operating activities 25,199 3,896
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities and principal payments of investment securities available for sale 7,049 14,173
Proceeds from maturities and principal payments of investment securities held to maturity 11,268 1,093
Purchases of securities held to maturity (14,093) (61,406)
Purchases of equity securities (3) (5)
Purchases of restricted securities (5,735)  
Net change in loans (61,201) (7,416)
Purchases of premises and equipment (974) (711)
Proceeds from sales of other real estate owned 83  
Improvements to other real estate owned (34)  
Net redemption of restricted securities   437
Purchases of bank owned life insurance (10,058) (10,071)
Net cash (used in) investing activities (73,698) (63,906)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Noninterest-bearing deposits (51,082) 24,732
Interest-bearing deposits 93,431 75,224
Short-term borrowings (4,143) 2,451
Common stock dividends paid (2,381) (1,409)
Retirement of common stock   (819)
Issuance of common stock 37  
Net cash provided by financing activities 35,862 100,179
Net (decrease) increase in cash and cash equivalents (12,637) 40,169
Cash and cash equivalents at beginning of period 583,613 186,917
Cash and cash equivalents at end of period 570,976 227,086
Supplemental cash flows information:    
Income taxes paid 2,270 7
Recognition (remeasurement of) discount marks on PCI loans acquired (140)  
Lease liabilities arising from right-of-use assets (728) 2,577
Transfers from loans to other real estate owned 69  
Unrealized (loss) gain on securities available for sale $ (3,065) $ (1,075)