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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Cash Flows from Operating Activities          
Net income $ 12,014 $ 10,560 $ 23,707 $ 20,919  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation     1,830 1,722  
Provision for credit losses 2,000 1,000 3,950 2,500  
Share-based compensation expense     324 252  
Deferred income tax expense (benefit) 66 (151) 727 (278)  
Loans originated for sale     (16,179) (70,502)  
Proceeds from sale of loans     16,445 72,095  
Gain (Loss) on Sales of Loans, Net     (283) (1,378)  
Debt Securities, Available-for-sale, Realized Gain (Loss) (289) 127 (442) 602  
Equity Securities, FV-NI, Gain (Loss) 669 0 297 0  
Gain (Loss) on Disposition of Assets     14 (79)  
Write-downs of foreclosed properties     42 741  
Amortization of securities premiums, net     2,509 2,002  
Amortization (accretion) related to acquisitions, net     (710) (773)  
Amortization of intangibles 355 382 734 787  
Earnings on cash surrender value of bank owned life insurance     (460) (649)  
(Increase) decrease in accrued interest receivable     (1,119) 1,592  
Increase in other assets     (473) (180)  
(Decrease) increase in other liabilities     (2,396) 357  
Net cash provided by operating activities     29,373 28,684  
Cash Flows from Investing Activities          
Proceeds from maturities and calls of debt securities available for sale     1,545 3,055  
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities     0   $ 0
Proceeds from Sale of Debt Securities, Available-for-sale     52,922 8,241  
Principal payments received on debt securities available for sale     18,247 14,812  
Payments to Acquire Debt Securities, Available-for-sale     79,542 88,360  
Purchases of other investments     (9,578) (109)  
Proceeds from redemptions of other investments     1,988 3,138  
Net loan originations     (217,024) (18,513)  
Purchases of premises and equipment     (546) (2,289)  
Proceeds from sales of repossessed assets & property held for sale     4,592 1,948  
Payment to Acquire Life Insurance Policy, Investing Activities     (10,000) 0  
Net cash used in investing activities     (237,396) (78,077)  
Cash Flows from Financing Activities          
Net increase in demand deposit, NOW and savings accounts     89,818 189,650  
Net decrease in time deposits     (57,009) (55,567)  
Net increase in short-term borrowings     151,301 0  
Repayment of long-term borrowings     (10) (10)  
Proceeds from issuance of common stock     105 142  
Proceeds from Issuance of Preferred Stock and Preference Stock     0 14,920  
Dividends paid on common stock     (4,589) (4,401)  
Payments of Ordinary Dividends, Preferred Stock and Preference Stock     (450) (139)  
Net cash provided by financing activities     179,166 144,595  
(Decrease) increase in cash and cash equivalents     (28,857) 95,202  
Cash and cash equivalents:          
Beginning     78,458 99,787 99,787
Ending $ 49,601 $ 194,989 49,601 194,989 $ 78,458
Cash payments for:          
Interest Paid, Excluding Capitalized Interest, Operating Activities     7,478 6,815  
Income taxes     5,859 6,265  
Real property and other assets acquired in settlement of loans     $ 6 $ 342