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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 32,952 $ 28,145
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 1,906 1,861
Amortization 646 553
Share-based compensation earned 269 276
Share-based board compensation earned 50 62
(Gain) Loss on other assets owned (184) 22
Net (accretion) amortization on securities AFS 2,479 3,144
(Gain) Loss on sale and call of securities (194) (1,441)
Provision for loan losses 1,900 6,293
Deferred income tax (benefit) expense (773) 130
Net (increase) decrease in loans HFS 24,826 (24,027)
Net (increase) decrease in accrued interest receivable 635 (1,629)
Net (increase) decrease in BOLI (648) (568)
Net increase (decrease) in accrued interest payable (464) (448)
Net increase (decrease) in accrued income taxes payable (70) (4)
Other operating activities, net (1,066) 429
Net cash provided by (used in) operating activities 62,264 12,798
Activity in securities AFS:    
Sales 113,524 151,253
Maturities, principal repayments, and calls 99,175 112,605
Purchases (389,493) (419,403)
Purchase of equity securities (4,000) 0
Purchase of nonmarketable equity securities (3) (2,097)
Capital contribution in partnerships (173) 0
Net (increase) decrease in loans HFI (96,327) (151,909)
Purchase of bank-owned life insurance (5,000) 0
Proceeds from sales of foreclosed assets 563 330
Proceeds from sales of premises and equipment 483 0
Purchases of premises and equipment (3,427) (7,035)
Net cash provided by (used in) investing activities (284,678) (316,256)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in deposits 569,988 619,240
Proceeds from other borrowed funds 0 50,000
Repayments of other borrowed funds 0 (50,000)
Repurchase of common stock (7,878) (122)
Proceeds from exercise of stock options 0 8
Cash dividends (2,033) (1,759)
Net cash provided by (used in) financing activities 560,077 617,367
Net change in cash and cash equivalents 337,663 313,909
Cash and cash equivalents - beginning of year 447,201 133,292
Cash and cash equivalents - end of year 784,864 447,201
Cash paid during the year for:    
Interest 6,080 8,826
Income taxes 7,989 6,182
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES    
Assets acquired in settlement of loans $ 266 $ 108