XML 134 R119.htm IDEA: XBRL DOCUMENT v3.24.0.1
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION - Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net Income (Loss) $ 30,037 $ 40,447 $ 39,806
Adjustments:      
Stock based compensation 594 688 733
Net cash provided by operating activities 39,207 38,846 43,544
Cash flows from investing activities      
Net cash provided by investing activities 144,033 (684,964) (202,678)
Cash flows from financing activities      
Proceeds from line of credit 17,500 1,000 10,000
Purchase of treasury stock (11,227) (8,838) 0
Exercise of stock options 698 1,565 2,019
Cash dividends paid (10,697) (10,324) (9,427)
Net cash (used in) financing activities (200,183) 252,980 306,948
Net change in cash and cash equivalents (16,943) (393,138) 147,814
Cash and cash equivalents at beginning of period 106,467 499,605 351,791
Cash and cash equivalents at end of period 89,524 106,467 499,605
Parent Company      
Cash flows from operating activities      
Net Income (Loss) 30,037 40,447 39,806
Adjustments:      
Equity in undistributed subsidiary earnings (13,261) (43,244) (24,517)
Stock based compensation 594 688 733
Change in other assets 945 (724) (176)
Change in other liabilities (60) 226 44
Net cash provided by operating activities 16,365 (2,607) 15,890
Cash flows from investing activities      
Net cash provided by investing activities 0 0 0
Cash flows from financing activities      
Proceeds from line of credit 17,500 35,436 10,000
Repayments of borrowings (16,500) (11,093) (17,000)
Purchase of treasury stock (11,227) (8,838) 0
Exercise of stock options 698 1,565 2,019
Cash dividends paid (10,697) (10,324) (9,427)
Net cash (used in) financing activities (20,226) 6,746 (14,408)
Net change in cash and cash equivalents (3,861) 4,139 1,482
Cash and cash equivalents at beginning of period 6,848 2,709 1,227
Cash and cash equivalents at end of period $ 2,987 $ 6,848 $ 2,709