XML 141 R128.htm IDEA: XBRL DOCUMENT v3.23.1
Parent Company Financial Information (Condensed Statements of Cash Flows, Parent Only) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net Income $ 31,177 $ 15,368
Adjustments to reconcile net income to cash provided by operating activities:    
Amortization of debt issuance costs 122 123
Stock-based compensation expense 636 378
Company owned life insurance income 1,118 1,090
Net (increase) in other assets (1,450) (3,045)
Net (decrease) increase in other liabilities (5,838) 1,930
Net cash (used in) provided by operating activities 52,647 (7,503)
Cash flows from investing activities:    
Purchase of company owned life insurance (10,165) (10,203)
Net cash (used in) provided by investing activities (581,572) 38,193
Cash flows from financing activities:    
Net cash provided by financing activities 811 366,006
Net (decrease) increase in cash and cash equivalents (528,114) 396,696
Cash and cash equivalents at beginning of period 583,613 186,917
Cash and cash equivalents at end of period 55,499 583,613
Parent Company [Member]    
Cash flows from operating activities:    
Net Income 31,177 15,368
Adjustments to reconcile net income to cash provided by operating activities:    
Deficit (equity) in undistributed net income of subsidiaries (29,521) 5,900
Amortization of debt issuance costs 122 123
Stock-based compensation expense 636 378
Company owned life insurance income (67) (110)
Acquisition accounting adjustments 188 31
Net (increase) in other assets 387 (1,552)
Net (decrease) increase in other liabilities 275 (142)
Net cash (used in) provided by operating activities 3,197 19,996
Cash flows from investing activities:    
Purchase of company owned life insurance   (192)
Acquisition of business activity, net of cash paid   (15,945)
Net cash (used in) provided by investing activities   (16,137)
Cash flows from financing activities:    
Common stock dividends paid (9,530) (6,607)
Retirement of common stock   (819)
Proceeds from the issuance of common stock 386  
Exercise of stock options   6
Net cash provided by financing activities (9,144) (7,420)
Net (decrease) increase in cash and cash equivalents (5,947) (3,561)
Cash and cash equivalents at beginning of period 13,092 16,653
Cash and cash equivalents at end of period $ 7,145 $ 13,092