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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
Dec. 31, 2021
Cash Flows from Operating Activities:        
Net income $ 8,999   $ 11,289  
Adjustments to reconcile net income to net cash provided by operating activities:        
(Recovery of) provision for loan losses (758) $ (2,800) (0) $ (2,825)
Depreciation 547   580  
Net accretion of acquisition accounting adjustments (556)   (948)  
Core deposit intangible amortization 330   381  
Net amortization of securities 500   406  
Gain on sale of loans held for sale (673)   (1,318)  
Proceeds from sales of loans held for sale 26,414   40,166  
Originations of loans held for sale (19,784)   (41,186)  
Net loss on other real estate owned 0   111  
Net gain (loss) on sale or disposal of premises and equipment (4)   49  
Equity based compensation expense 382   363  
Net change in bank owned life insurance (52)   (153)  
Deferred income tax expense 641   106  
Net change in other assets 114   389  
Net change in other liabilities (34)   3,420  
Net cash provided by operating activities 16,066   13,655  
Cash Flows from Investing Activities:        
Proceeds from maturities, calls and paydowns of securities available for sale 42,594   55,825  
Purchases of securities available for sale (67,664)   (78,165)  
Net change in restricted stock (428)   691  
Net (increase) decrease in loans (40,794)   37,381  
Proceeds from sale of premises and equipment 4   4  
Purchases of premises and equipment (366)   (246)  
Proceeds from sales of other real estate owned 0   404  
Net cash (used in) provided by investing activities (66,654)   15,894  
Cash Flows from Financing Activities:        
Net change in noninterest-bearing deposits 15,697   77,627  
Net change in interest-bearing deposits 20,081   (56,401)  
Net change in customer repurchase agreements (2,601)   (3,346)  
Common stock dividends paid (3,006)   (2,955)  
Repurchase of common stock (3,395)   (1,594)  
Proceeds from exercise of stock options 12   0  
Net cash provided by financing activities 26,788   13,331  
Net (Decrease) Increase in Cash and Cash Equivalents (23,800)   42,880  
Cash and Cash Equivalents at Beginning of Period 510,868   374,370 374,370
Cash and Cash Equivalents at End of Period $ 487,068 $ 510,868 $ 417,250 $ 510,868