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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Net income $ 25,932 $ 20,382
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for (recovery of) loan losses 706 (398)
Deferred (benefit) expense (109) 152
Depreciation of premises and equipment 609 636
Amortization of premiums and accretion of discounts, net 1,257 1,688
Gain on disposal of fixed assets (9) 0
Gain on calls and sales of securities available for sale, net 0 (6)
Loss and write-down on other real estate owned 295 25
Income on investment in BOLI (958) (910)
Gain on sale of mortgage loans held for sale (157) (364)
Origination of mortgage loans held for sale (7,882) (17,672)
Sale of mortgage loans held for sale 8,654 18,287
Net change in:    
Accrued interest receivable (897) (76)
Net change in other assets (24) 1,661
Accrued interest payable 58 (8)
Other liabilities 2,025 (515)
Net cash provided by operating activities 29,500 22,882
Cash Flows from Investing Activities    
Proceeds from repayments of mortgage-backed securities 32,664 44,881
Proceeds from calls, sales and maturities of securities available for sale 5,970 20,377
Purchases of securities available for sale (117,341) (219,331)
Net change in restricted stock (96) 434
Purchases of loan participations (19,051) (25,167)
Collections of loan participations 21,452 15,191
Loan originations and principal collections, net (52,271) (25,289)
Proceeds from disposal of other real estate owned 0 621
Proceeds from disposal of repossessed assets 0 11
Recoveries on loans charged off 212 346
Purchase of BOLI 0 (5,000)
Additions to premises and equipment (1,258) (323)
Proceeds from sale of premises and equipment 9 0
Net cash provided by investing activities (129,710) (193,249)
Cash Flows from Financing Activities    
Net change in time deposits (11,339) (10,614)
Net change in other deposits 59,477 208,058
Cash dividends paid (8,950) (8,806)
Shares repurchased (6,338) (13,354)
Net cash used in financing activities 32,850 175,284
Net change in cash (67,360) 4,917
Cash due from subsidiaries at beginning of year 138,789 133,872
Cash due from subsidiaries at end of year 71,429 138,789
Supplemental Disclosures of Cash Flow Information    
Interest paid on deposits and borrowed funds 3,025 3,106
Income taxes paid 3,861 3,180
Supplemental Disclosures of Noncash Activities    
Loans charged against the allowance for loan losses 367 755
Loans transferred to other real estate owned 0 50
Loans transferred to repossessed assets 7 11
Unrealized loss on securities available for sale (106,678) (13,054)
Minimum pension liability adjustment 5,781 4,095
Lease liabilities arising from obtaining right-of-use assets during the period $ 161 $ 0