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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 27,380 $ 38,090 $ 43,519
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of premises and equipment 2,794 3,088 2,702
Amortization of right-of-use lease asset 598 583 449
Amortization (accretion) of deferred loan fees, net 694 1,294 (491)
Amortization of intangibles 105 363 491
Amortization of low income housing partnerships 431 454 427
Provision for (credit to) credit losses 566 (449) 1,750
Net unrealized loss (gain) on equity investment securities 11 31 (2)
Gain on sale of Visa Class B shares     (12,153)
Net gain on sale of other real estate owned (18) (478) (126)
Loans originated for sale (4,133) (12,200) (24,387)
Proceeds from sale of loans originated for sale 3,871 12,655 25,147
Net loss (gain) on sale of loans originated for sale 12 (47) (331)
Net amortization of investment securities 1,005 1,488 1,317
Net (gain) loss on sale of investment securities available-for-sale (81) 1,976  
Loss (gain) on sale of premises and equipment 3 (175) (50)
Increase in cash surrender value of life insurance (1,067) (1,020) (889)
Deferred income tax expense 1,268 611 450
Stock compensation, including tax effects and expenses 888 534 546
Net change in:      
Accrued interest receivable (1,019) (3,187) (273)
Other assets (2,085) (1,701) 1,128
Accrued interest payable 4,862 495 (328)
Other liabilities (2,833) (48) 1,875
Net cash provided by operating activities 33,252 42,357 40,771
Cash flows from investing activities:      
Proceeds from sales of investment securities available-for-sale 67,363 43,503  
Proceeds from repayments of investment securities:      
Available-for-sale 25,328 41,191 57,513
Held-to-maturity 6,212 5,745 2,886
Proceeds from sale of Visa Class B shares     12,153
Purchases of investment securities:      
Available-for-sale   (112,838) (291,658)
Held-to-maturity   (25,872) (66,943)
Net redemption (purchase of) of restricted equity securities 4,450 (5,585) 1,352
Net increase in loans (123,335) (402,699) (151,955)
Investment in bank owned life insurance   (5,881)  
Purchases of premises and equipment (5,925) (7,831) (4,885)
Proceeds from the sale of premises and equipment 14 170 58
Proceeds from bank owned life insurance   1,312 451
Proceeds from sale of other real estate owned 139 966 925
Net cash used in investing activities (25,754) (467,819) (440,103)
Cash flows from financing activities:      
Net increase in deposits 232,439 83,201 526,284
Proceeds from long-term debt 25,000    
Repayment of long-term debt (555) (2,156) (12,058)
Net (decrease) increase in short-term borrowings (97,340) 114,930 (50,000)
Retirement of common stock (5,886) (1,253) (2,361)
Cash dividends paid (11,659) (11,325) (10,792)
Net cash provided by financing activities 141,999 183,397 451,073
Net increase (decrease) in cash and cash equivalents 149,497 (242,065) 51,741
Cash and cash equivalents at beginning of period 37,868 279,933 228,192
Cash and cash equivalents at end of period 187,365 37,868 279,933
Supplemental disclosures:      
Interest 58,235 15,090 9,750
Income taxes 3,462 $ 10,000 6,740
Noncash items:      
Cumulative effect of adoption of ASC 326 on retained earnings, net of tax 2,364    
Transfers of loans to other real estate     544
Origination of mortgage servicing rights     247
Initial recognition of right-of-use assets 3,878   2,731
Initial recognition of lease liability $ 3,878   $ 2,731