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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 12,921 $ 15,720
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation, amortization, and accretion 2,395 2,177
Provision for (recovery of) credit losses (141) 269
Benefit from deferred income taxes (793) (444)
Increase in cash surrender value of bank-owned life insurance (830) (803)
Loss on equity securities 78 384
Realized (gain) loss from sales of premises and equipment (427) 456
Origination of mortgage loans for sale (2,205) (8,468)
Realized gains from sales of loans (38) (188)
Proceeds from sales of mortgage loans 2,218 8,562
Compensation expense related to restricted stock 481 417
Changes in:    
Accrued interest receivable (605) 377
Other assets 1,497 2,075
Other liabilities (2,300) (1,303)
TOTAL ADJUSTMENTS (670) 2,622
NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES 12,251 18,342
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of equity securities 963 0
Available-for-sale 14,262 17,797
Held-to-maturity 1,146 1,312
Purchases of equity securities (22) (13)
Available-for-sale (497) (38,581)
Payments to Acquire Held-to-Maturity Securities (280) (755)
Payments to Acquire Federal Home Loan Bank Stock (4,537) 0
Proceeds from Sale of Federal Home Loan Bank Stock 1,369 1,162
Net increase in loans (56,711) (7,454)
Purchases of premises and equipment (1,723) (553)
Proceeds from sale of premises and equipment 514 874
NET CASH FLOWS USED IN INVESTING ACTIVITIES (45,516) (24,606)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 11,920 28,551
Net increase (decrease) in short-term borrowings (41,455) 4,000
Proceeds from Issuance of Other Long-Term Debt 95,000 15,000
Principal payments on long-term debt (1,431) (461)
Proceeds from issuance of common stock 315 308
Repurchase of common stock (3,326) (22,980)
Cash dividends paid on common stock (7,037) (6,830)
NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES 53,986 17,588
NET CHANGE IN CASH AND CASH EQUIVALENTS 20,721 11,324
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 22,701 18,136
CASH AND CASH EQUIVALENTS AT END OF PERIOD 43,422 29,460
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 13,706 3,243
Income Taxes Paid, Net 2,226 2,900
Transfer from loans to other real estate owned 0 716
Right-of-use assets obtained in exchange for new operating lease liabilities 0  
Proceeds from sale of other real estate owned 0 1,605
Gains (Losses) on Sales of Other Real Estate $ 0 $ (889)