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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 Income $ 22,769 $ 12,645
Adjustments to reconcile net income to net cash provided by operating activities:    
Net accretion of acquisition accounting estimates (1,225) (182)
Provision for credit losses 1,475 1,365
Depreciation and amortization 4,253 1,937
Net amortization of securities 1,121 1,034
Amortization of debt issuance costs 92 92
(Gain) on mortgage banking activities (2,526)  
Proceeds from sale of mortgage loans held for sale 128,595  
Originations of loans held for sale (98,020)  
Stock-based compensation expense 477 287
Deferred income tax expense (benefit) (723) (865)
(Gains) on sales and calls of securities   (2)
(Gains) on valuation adjustments on mortgage servicing rights (459)  
Losses on sales and disposals of premises and equipment   4
Losses on sales and valuation adjustments on other real estate owned 44 2
Fair value adjustment on equity securities 162 24
Bank owned life insurance income (702) (774)
Net changes in:    
Accrued interest receivable (721) 1,579
Other assets (304) (1,342)
Accrued interest payable (217) (446)
Other liabilities (4,030) 218
Net cash provided by operating activities 50,061 15,576
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities and principal payments of investment securities available for sale 16,719 31,975
Proceeds from maturities and principal payments of investment securities held to maturity 40,603 29,046
Purchases of securities held to maturity (207,466) (214,199)
Purchases of equity securities (12) (13)
Net (purchase) of restricted securities (5,735)  
Net change in loans (280,874) (40,437)
Purchases of premises and equipment (2,274) (3,106)
Proceeds from sales of other real estate owned 394  
Improvements to other real estate owned (34)  
Net redemption of restricted securities   437
Purchases of bank owned life insurance (10,131) (10,157)
Net cash (used in) investing activities (448,810) (206,454)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Noninterest-bearing deposits (33,689) 45,811
Interest-bearing deposits 23,156 271,594
Short-term borrowings (4,143) 2,451
Common stock dividends paid (7,146) (4,230)
Retirement of common stock   (819)
Issuance of common stock 264 6
Net cash (used in) provided by financing activities (21,558) 314,813
Net (decrease) increase in cash and cash equivalents (420,307) 123,935
Cash and cash equivalents at beginning of period 583,613 186,917
Cash and cash equivalents at end of period 163,306 310,852
Supplemental cash flows information:    
Interest paid 7,705 4,694
Income taxes paid 7,070 5,037
Recognition (remeasurement of) lease liabilities arising from right-of-use assets (616) 1,194
Transfers from loans to other real estate owned 69 205
Unrealized (loss) on securities available for sale $ (13,533) $ (1,789)