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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 41,876 $ 35,760 $ 32,569
Adjustments to reconcile net income to net cash from operating activities:      
Provision for loan losses 9,100 2,450 3,000
Depreciation and amortization 3,122 2,839 2,991
Net amortization of securities 2,347 2,323 2,798
Available for sale security (gains) loss 430 11 (283)
Realized and unrealized losses (gains) on equity securities 5 (53) 12
Loss on land and building sales, net 77 26 0
Stock compensation expense 1,443 1,385 1,675
(Gains) loss on sale of other real estate owned (38) 45 (16)
Earnings on bank owned life insurance (795) (818) (881)
Loss on fixed asset disposal 0 12 0
Origination of loans held for sale (245,060) (75,568) (79,007)
Proceeds from loans held for sale 255,167 78,591 80,771
Net gains on sale of loans (12,273) (4,386) (2,729)
Net change in other assets and liabilities (5,393) (3,856) (2,136)
NET CASH FROM OPERATING ACTIVITIES 50,008 38,761 38,764
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from maturities and repayments of securities available for sale 61,117 35,583 37,012
Proceeds from sales of securities available for sale 60,341 33,424 16,162
Purchases of securities available for sale (176,212) (83,049) (69,241)
Proceeds from sale of equity securities 67 1,302 79
Purchases of equity securities (842) (1,939) (1,642)
Purchases of restricted stock (2,843) 0 (1,246)
Redemption of restricted stock 5,383 8 0
Loan originations and payments, net (86,741) (77,554) (160,204)
Proceeds from sale of other real estate owned 241 236 209
Proceeds from BOLI death benefits 0 49 0
Purchase of bank owned life insurance (15,000) 0 0
Proceeds from land and building sales 502 252 0
Additions to premises and equipment (3,696) (1,458) (450)
Net cash paid in business combinations (3,146) 0 0
NET CASH FROM INVESTING ACTIVITIES (160,829) (93,146) (179,321)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net change in deposits 418,663 209,244 195,001
Net change in short-term borrowings (49,529) (167,709) (44,806)
Repayments of long-term borrowings (47,560) (935) (1,010)
Proceeds from long term borrowings 0 40,000 0
Cash dividends paid (12,654) (10,539) (8,316)
Repurchase of common shares (14,238) (2,842) 0
NET CASH FROM FINANCING ACTIVITIES 294,682 67,219 140,869
NET CHANGE IN CASH AND CASH EQUIVALENTS 183,861 12,834 312
Beginning cash and cash equivalents 70,760 57,926 57,614
Ending cash and cash equivalents 254,621 70,760 57,926
Supplemental cash flow information:      
Interest paid 16,515 19,529 12,906
Income taxes paid 9,000 6,450 7,300
Supplemental noncash disclosures:      
Transfer of loans and property to other real estate owned 73 300 22
Issuance of stock for business combinations 22,554 0 0
Issuance of stock awards 1,740 1,203 2,415
Security purchases not settled 3,889 812 1,642
Contingent consideration for business combination $ 0 $ 0 $ 180