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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 43,557 $ 39,299 $ 33,244
Adjustments to reconcile net income to net cash provided by operating activities:      
Originations of loans held for sale (33,219) (170,758) (240,858)
Proceeds from loan sales 38,581 193,468 228,626
Gain (loss) on sale of loans 161 (4,131) (5,257)
Provision for credit losses 2,904 (1,302) 5,625
Net amortization of securities 2,869 4,471 3,367
Deferred tax (benefit) expense (707) 427 (38)
Change in unamortized net loan costs and premiums 170 (1,354) (122)
Premises and equipment depreciation 4,243 4,596 4,771
Stock-based compensation expense 1,938 2,149 1,570
Accretion of purchase accounting entries, net   (2,274) (749)
Amortization of other intangibles 932 940 1,025
Income from cash surrender value of bank-owned life insurance policies (2,000) (2,179) (2,007)
Gain on sales of securities, net (53) (2,870) (5,445)
Amortization (accretion) of right-of-use lease assets 1,196 1,064 (715)
(Decrease) increase in lease liabilities (1,142) (984) 976
Gain on other real estate owned     (355)
Loss (gain) on premises and equipment, net 10 378 (32)
Net change in other assets and liabilities (1,839) (462) (2,942)
Net cash provided by operating activities 57,601 60,478 20,684
Cash flows from investing activities:      
Proceeds from sales of securities available for sale 7,130 92,723 153,200
Proceeds from maturities, calls and prepayments of securities available for sale 73,740 111,552 151,829
Purchases of securities available for sale (109,019) (249,595) (215,567)
Net change in loans (371,316) 33,707 70,617
Recoveries of previously charged off loans 604 608 272
Purchase of FHLB stock (11,016) (2,565) (4,105)
Proceeds from sale of FHLB stock 3,507 9,217 10,748
Purchase of premises and equipment, net (2,518) (1,716) (6,776)
Proceeds from premises held for sale   288 903
Net investment in community limited partnerships (1,692) (1,310) (2,750)
Proceeds from death benefit of bank-owned life insurance policy   1,029  
Acquisitions, net of cash acquired     (340)
Proceeds from sale of other real estate owned     2,205
Net cash (used in) provided by investing activities (410,580) (6,062) 160,236
Cash flows from financing activities:      
Net change in deposits (5,113) 142,329 210,464
Net change in short-term senior borrowings 242,000 9,324 (248,262)
Proceeds from long-term senior borrowings     148,199
Repayments of long-term senior borrowings (20,020) (159,023) (78,186)
Net change in short-term other borrowings (6,433) (7,977) (17,053)
Net issuance to employee stock plans (215) (615) 620
Purchase of treasury and common stock     (14,188)
Cash dividends paid on common stock (15,334) (14,072) (13,417)
Net cash provided by (used in) financing activities 194,885 (30,034) (11,823)
Net change in cash and cash equivalents (158,094) 24,382 169,097
Cash and cash equivalents at beginning of year 250,389 226,007 56,910
Cash and cash equivalents at end of period 92,295 250,389 226,007
Supplemental cash flow information:      
Interest paid 12,451 16,354 27,423
Income taxes paid, net $ 10,598 $ 8,859 10,045
Acquisition of non-cash assets and liabilities:      
Assets acquired     1,171
Liabilities acquired     $ (343)