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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash Flows From Operating Activities:    
Net income $ 28,884 $ 27,297
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 3,656 2,055
Depreciation and amortization 4,109 4,775
Amortization/Accretion of investments 1,801 (104)
(Gain) loss on sale/call of securities 17 (714)
Gain on sale of assets (1,857) (965)
Repossessed asset write downs, gains and losses on dispositions 96 536
FHLB stock dividends (20) (13)
Change in other assets and liabilities, net 179 (6,347)
Net Cash Provided by Operating Activities 36,865 26,520
Cash Flows From Investing Activities:    
Proceeds from maturities, calls and sales of AFS securities 52,986 417,557
Funds invested in AFS securities (153,053) (551,563)
Funds invested in preferred securities 0 (1,000)
Proceeds from redemption of preferred securities 0 1,500
Proceeds from sale/redemption of Federal Home Loan Bank stock 2,182 2,160
Funds invested in Federal Home Loan Bank stock (7,331) (155)
Net increase in loans (362,543) (320,347)
Purchases of premises and equipment (2,643) (2,204)
Proceeds from sales of premises and equipment 70 77
Proceeds from sales of other real estate owned 2,421 1,330
Net Cash Used In Investing Activities (467,911) (452,645)
Cash Flows From Financing Activities:    
Net increase in deposits 127,300 430,174
Net (decrease) increase in federal funds purchased and short-term borrowings 140,003 (49,682)
Repayment of long-term borrowings (5,783) (17,321)
Net proceeds from issuance of preferred stock 0 33,058
Dividends paid on preferred stock (2,328) (1,384)
Dividends paid on common stock (6,859) (6,393)
Net Cash Provided By Financing Activities 252,333 388,452
Net (Decrease) Increase In Cash and Cash Equivalents (178,713) (37,673)
Cash and Cash Equivalents at the Beginning of the Period 261,932 299,605
Cash and Cash Equivalents at the End of the Period 83,219 261,932
Noncash Activities:    
Acquisition of real estate in settlement of loans 558 1,782
Transfer of securities from AFS to HTM 176,181 160,014
Cash Paid During the Period:    
Interest on deposits and borrowed funds 36,725 23,111
Federal    
Cash Paid During the Period:    
Income taxes paid 7,600 11,400
State    
Cash Paid During the Period:    
Income taxes paid $ 20 $ 36