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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities:      
Net income $ 25,394 $ 30,741 $ 37,517
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Gain on sale of securities, net 0 0 (67)
Depreciation and amortization of premises 3,294 3,139 3,276
Amortization of software 1,153 1,164 1,161
Intangible asset amortization 17 25 37
Amortization of investment security premium, net of discount accretion 483 630 529
Unrealized (gain) loss on marketable equity securities (120) 1,119 101
Deferred tax expense (income) 580 2,110 (1,298)
Stock-based compensation 937 742 1,073
Deferral of loan fees and amortization, net of costs (54) (2,933) (192)
Provision (benefit) for credit losses 3,842 1,846 (4,099)
Additions to home mortgage servicing rights carried at fair value (3,616) (4,623) (6,088)
Change in fair value of home mortgage servicing rights carried at fair value 2,687 (288) 3,582
Change in fair value of commercial servicing rights carried at fair value 62 (809) 437
Gain on sale of loans (7,828) (13,873) (36,436)
Proceeds from the sale of loans held for sale 379,546 645,518 1,227,150
Origination of loans held for sale (376,154) (585,533) (1,118,186)
(Gain) loss on sale of other real estate owned (929) 414 (685)
Impairment on other real estate owned 123 0 0
Net changes in assets and liabilities:      
(Increase) decrease in accrued interest receivable (2,021) (3,091) 1,133
Decrease (increase) in other assets 4,344 5,528 12,739
Increase (decrease) in other liabilities 7,185 (3,703) (9,695)
Net Cash Provided by Operating Activities 38,925 78,123 111,989
Investment in securities:      
Purchases of investment securities available for sale (26,030) (302,668) (320,501)
Purchases of marketable equity securities (2,297) (3,934) (493)
Purchases of FHLB stock (5,703) (730) (573)
Purchases of investment securities held to maturity 0 (16,750) (10,000)
Proceeds from sales/calls/maturities of securities available for sale 82,398 13,417 135,365
Proceeds from sales of marketable equity securities 0 488 1,084
Proceeds from redemption of FHLB stock 6,539 21 17
(Increase) decrease in purchased receivables, net (16,848) (13,007) 6,935
Decrease in loans, net     28,975
Increase in loans, net (287,893) (83,839)  
Proceeds from sale of other real estate owned 1,079 5,224 2,610
Purchases of software (150) (51) (170)
Purchases of premises and equipment (6,166) (3,796) (2,338)
Net Cash (Used) by Investing Activities (255,071) (405,625) (159,089)
Financing Activities:      
Increase (decrease) in deposits 97,844 (34,420) 596,650
Proceeds from borrowings 194,500 0 0
Repayments of borrowings (194,920) (413) (309)
Proceeds from the issuance of common stock 555 586 1,543
Repurchase of common stock (9,044) (14,157) (11,534)
Cash dividends paid (13,609) (10,571) (9,388)
Net Cash Provided (Used) by Financing Activities 75,326 (58,975) 576,962
Net Change in Cash and Cash Equivalents (140,820) (386,477) 529,862
Cash and Cash Equivalents at Beginning of Year 259,350 645,827 115,965
Cash and Cash Equivalents at End of Year 118,530 259,350 645,827
Supplemental Information:      
Income taxes paid 2,032 2,015 6,380
Interest paid 28,547 5,190 3,813
Noncash commitments to invest in Low Income Housing Tax Credit Partnerships 14,273 0 0
Transfer of loans to other real estate owned 273 0 274
Loans made to facilitate sales of other real estate owned 0 0 1,012
Non-cash lease liability arising from obtaining right of use assets 423 1,128 79
Cash dividends declared but not paid 110 85 92
Cumulative effect adjustment to retained earnings $ 0 $ 0 $ 2,400