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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 30,131 $ 19,650
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 475 3,500
Depreciation and amortization 1,601 1,541
Net amortization of securities 1,357 1,162
Available for sale security gain (384) (270)
Realized (gains) losses on equity securities (136) 139
Loss on premises and equipment sales and disposals, net 52 77
Stock compensation expense 587 686
Loss on adjustment of other real estate owned 0 4
Earnings on bank owned life insurance (584) (412)
Origination of loans held for sale (136,122) (116,360)
Proceeds from loans held for sale 144,651 120,589
Net gains on sale of loans (5,685) (5,024)
Net change in other assets and liabilities (12,496) (6,214)
NET CASH FROM OPERATING ACTIVITIES 23,447 19,068
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities and repayments of securities available for sale 32,286 20,314
Proceeds from sales of securities available for sale 26,990 15,372
Purchases of securities available for sale (469,254) (37,411)
Proceeds from sales of equity securities 30 37
Purchase of equity securities (638) (761)
Proceeds from redemption of restricted stock 754 3,964
Purchase of restricted stock (22) (1,825)
Loan originations and payments, net 120,336 (151,849)
Proceeds from sale of other real estate owned 0 126
Proceeds from land and building sales 0 502
Additions to premises and equipment (122) (2,891)
Net cash paid in business combinations 0 (8,136)
NET CASH FROM INVESTING ACTIVITIES (289,640) (162,558)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in deposits 167,945 247,270
Net change in short-term borrowings 1,307 (48,668)
Repayment of long-term borrowings (1,980) (1,476)
Cash dividends paid (6,227) (6,204)
Repurchase of common shares (116) (14,238)
NET CASH FROM FINANCING ACTIVITIES 160,929 176,684
NET CHANGE IN CASH AND CASH EQUIVALENTS (105,264) 33,194
Beginning cash and cash equivalents 254,621 254,621
Ending cash and cash equivalents 149,357 103,954
Supplemental cash flow information:    
Interest paid 4,842 9,877
Supplemental noncash disclosures:    
Transfer of loans to other real estate 30 41
Security purchases not settled 17,317 1,520
Issuance of stock awards 1,038 1,195
Issuance of stock for business combinations $ 0 $ 22,554