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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 29,533 $ 24,604
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses (1,428) 4,265
Net amortization of securities 3,788 2,472
Change in unamortized net loan costs and premiums (2,739) 1,923
Premises and equipment depreciation 3,466 3,571
Stock-based compensation expense 1,364 863
Accretion of purchase accounting entries, net 10 7
Amortization of other intangibles 704 768
Income from cash surrender value of bank-owned life insurance policies (1,510) (1,525)
Gain on sales of securities, net (1,980) (1,486)
Decrease (increase) in right-of-use lease assets 851 (578)
(Decrease) increase in lease liabilities (786) 625
Loss on other real estate owned   366
(Gain) loss on premises and equipment, net (137) 90
Net change in other assets and liabilities (373) (3,978)
Net cash provided by operating activities 30,763 31,987
Cash flows from investing activities:    
Proceeds from sales of securities available for sale 54,388 87,521
Proceeds from maturities, calls and prepayments of securities available for sale 99,580 109,314
Purchases of securities available for sale (123,335) (131,107)
Net change in loans 47,519 (71,233)
Purchase of FHLB stock (790) (4,044)
Proceeds from sale of FHLB stock 4,634 10,748
Purchase of premises and equipment, net (1,216) (4,449)
Net investment in community limited partnerships (1,112)  
Acquisitions, net of cash acquired   (340)
Proceeds from sale of other real estate owned   (113)
Net cash provided by (used in) investing activities 79,668 (3,703)
Cash flows from financing activities:    
Net change in deposits 101,050 239,164
Net change in short-term senior borrowings 9,324 (273,268)
Proceeds from long-term senior borrowings   273,342
Repayments of long-term senior borrowings (89,018) (71,187)
Net change in short-term other borrowings (6,112) (14,784)
Net change subordinated debt issuance costs   119
Exercise of stock options 39 682
Purchase of treasury and common stock   (13,470)
Cash dividends paid on common stock (10,472) (10,135)
Net cash provided by financing activities 4,811 130,463
Net change in cash and cash equivalents 115,242 158,747
Cash and cash equivalents at beginning of year 226,007 56,910
Cash and cash equivalents at end of period 341,249 215,657
Supplemental cash flow information:    
Interest paid 13,052 22,085
Income taxes paid, net $ 7,755 4,806
Acquisition of non-cash assets and liabilities:    
Assets acquired   1,171
Liabilities acquired   $ (343)