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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net earnings $ 7,353 $ 11,380
Adjustments to reconcile net earnings to net cash provided from operating activities:    
Depreciation 1,995 1,954
Amortization 673 698
Deferred taxes (2,175) (646)
Premium amortization, net of discount accretion 1,908 1,912
Net realized loss on securities transactions 0 22
Gain on sale of loans (2,697) (1,160)
Provision for credit losses 13,500 1,150
Origination of loans held for sale (69,170) (34,364)
Proceeds from loans held for sale 67,041 33,267
Write-down of other real estate and repossessed assets 357 6
Net gain on sale of premises, equipment, other real estate owned and other assets 107 9
Stock based compensation 312 314
Net change in accrued interest receivable and other assets (6,409) (19,418)
Net change in accrued interest payable and other liabilities 2,053 11,395
Net cash provided by operating activities 14,848 6,519
Securities available for sale:    
Purchases (20,894) (5,120)
Proceeds from sales 0 3,957
Proceeds from maturities and principal repayments 22,552 13,039
Securities held to maturity:    
Proceeds from maturities and principal repayments 3,024 3,215
Net originations of loans (246,637) (34,503)
Net purchases of premises and equipment (3,881) (2,333)
Net proceeds from sale of premises, equipment, other real estate owned and other assets 339 293
Net cash used in investing activities (245,497) (21,452)
Cash flows from financing activities    
Net change in deposits 285,222 112,510
Net change in securities sold under agreements to repurchase 6,314 (1,414)
Proceeds from FHLB advances 200,000 111,000
Repayment of FHLB advances (154,508) (174,009)
Proceeds from line of credit 20,000  
Repayment of line of credit (18,000)  
Proceeds from issuance of debentures 10,000  
Repayments of debentures (500) (1,500)
Purchase of treasury stock (13,477) (9,197)
Exercise of stock options 72 481
Cash dividends (4,194) (2,013)
Net cash provided by financing activities 330,929 35,858
Net change in cash and cash equivalents 100,280 20,925
Cash and cash equivalents at beginning of period 90,714 71,510
Cash and cash equivalents at end of period 190,994 92,435
Supplemental disclosures of cash flow information    
Interest paid 8,497 12,361
Income taxes paid 2,600 2,235
Supplemental schedule of noncash investing and financing activities    
Cash dividends accrued 2,092 1,965
Transfer loans to other real estate owned and repossessed assets $ 182 $ 92