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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Net income $ 29,115 $ 46,711 $ 18,328
Adjustments to reconcile net income to cash provided by operating activities:      
Provision for (reversal of) credit losses 6,155 (12,400) 29,600
Depreciation and other amortization 3,698 2,319 2,190
Accretion and amortization of securities discounts and premiums, net 694 935 710
Write-down of real estate owned 1,029
Loss on sale of other real estate owned 376  
(Gain) loss on sale of investment securities available for sale (12) 3 (3)
(Gain) loss on sale of fixed assets 394 (10) (196)
Net change in operating leases 872 605 180
Compensation expense related to stock options and restricted stock grants 2,026 1,647 1,397
Gain on sale of loans held for sale (2,914) (13,676) (21,186)
Loans originated and held for sale (165,698) (486,145) (594,289)
Proceeds from sale of loans held for sale 178,251 546,522 582,264
Increase in cash surrender value of bank owned life insurance (1,289) (1,231) (1,091)
(Increase) decrease in deferred tax asset (22) 1,589 (2,741)
(Increase) decrease in other assets, net (5,047) 2,126 (4,670)
Increase (decrease) in other liabilities, net 4,082 (11,302) 9,097
Net cash provided by operating activities 50,305 78,069 20,619
Investing activities      
Increase in loans, net (782,130) (348,718) (203,632)
Purchase of property and equipment (13,950) (26,509) (7,276)
Purchase of investment securities:      
Available for sale (13,048) (49,393) (50,854)
Other investments (27,751) (2,250) (2,338)
Proceeds from maturities, calls and repayments of investment securities:      
Available for sale 10,833 20,673 24,784
Other investments 20,939 1,861 5,651
Proceeds from sale of investment securities available for sale 12,429
Purchase of bank owned life insurance policies (7,500)  
Proceeds from sale of fixed assets 95 50 2,895
Proceeds from sale of other real estate owned 1,159  
Net cash used for investing activities (792,583) (410,627) (230,770)
Financing activities      
Increase in deposits, net 570,038 421,068 266,634
Increase (decrease) in Federal Home Loan Bank advances and other borrowings 175,000 (25,000) (85,000)
Proceeds from the exercise of stock options 905 3,012 1,388
Net cash provided by financing activities 745,943 399,080 183,022
Net increase (decrease) in cash and cash equivalents 3,665 66,522 (27,129)
Cash and cash equivalents, beginning of year 167,209 100,687 127,816
Cash and cash equivalents, end of year 170,874 167,209 100,687
Supplemental information      
Interest 18,877 6,402 16,312
Income taxes 11,828 21,652 2,741
Schedule of non-cash transactions      
Foreclosure of other real estate 367 2,198
Unrealized gain (loss) on securities, net of income taxes (12,660) (1,765) 1,323
Right-of-use assets obtained in exchange for lease obligations:      
Operating leases $ 595 $ 10,221 $ 2,115