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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 9,993 $ 12,402
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 2,745 2,552
Provision for credit losses on loans 400 855
Provision (benefit) for credit losses 90 175
Deferred income tax expense (benefit) (452) (224)
Stock-based compensation expense 798 963
Excess tax benefit from exercise of SSARs 0 31
Proceeds from sale of loans held-for-sale 25,720 23,285
Originations of loans held-for-sale (24,776) (23,540)
Earnings from bank-owned life insurance (706) (645)
Gain from bank-owned life insurance claim 0 (142)
Net gain from sales of loans (471) (406)
Net loss from sales of investment securities 0 1
Net gain from sale and write-down of foreclosed assets held-for-sale (15) 0
Net (gain) loss from write-down and disposal of bank premises and equipment (3) 165
Operating lease payments 25 44
Change in:    
Accrued interest receivable (786) 145
Other assets 1,334 400
Accrued interest payable and other liabilities 130 (992)
Net cash provided by operating activities 14,026 15,069
Cash flows from investing activities:    
Proceeds from sales 0 31,208
Proceeds from maturities, calls and principal pay-downs 11,545 13,356
Increase in restricted investments in bank stock (63) 1,540
Net increase in loans and leases (44,601) (66,711)
Principal portion of lease payments received under direct finance leases 2,292 2,803
Purchase of bank-owned life insurance policies (2,000) 0
Purchases of bank premises and equipment (2,782) (2,579)
Proceeds from death benefits received on bank-owned life insurance 0 931
Proceeds from sale of bank premises and equipment 19 22
Proceeds from sale of foreclosed assets held-for-sale 235 0
Net cash used in investing activities (35,355) (19,430)
Cash flows from financing activities:    
Net increase (decrease) in deposits 10,707 (14,903)
Net (decrease) increase in other borrowings (19,014) 63,052
Repayment of finance lease obligation (109) (118)
Proceeds from employee stock purchase plan participants 280 302
Repurchase of shares to cover withholdings (79) (121)
Dividends paid, net of dividends reinvested (4,320) (3,310)
Net cash (used in) provided by financing activities (12,535) 44,902
Net (decrease) increase in cash and cash equivalents (33,864) 40,541
Cash and cash equivalents, beginning 111,949 29,091
Cash and cash equivalents, ending 78,085 69,632
Supplemental Disclosures of Cash Flow Information    
Interest 21,387 11,881
Income tax 1,667 1,700
Supplemental Disclosures of Non-cash Investing Activities:    
Net change in unrealized losses on available-for-sale securities (1,746) 6,308
Cumulative-effect adjustment for adoption of ASU 2016-13 0 (1,326)
Amortization of unrealized losses on securities transferred from available-for-sale to held-to-maturity 1,166 1,140
Transfers from/(to) loans to/(from) foreclosed assets held-for-sale 219  
Transfers from/(to) loans to/(from) foreclosed assets held-for-sale   (82)
Transfers to loans from loans held-for-sale, net 0 205
Transfers from premises and equipment to other assets held-for-sale 0 739
Right-of-use asset 1,391 0
Lease liability $ 1,483 $ 0