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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 Income $ 9,009 $ 6,345
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 3,081 2,421
Depreciation and amortization 1,755 1,544
Amortization/Accretion of investments 1,373 589
Other Than Temporary Impairment Charge on Securities 50 0
(Gain) loss on sale/call of securities (1,843) 416
(Gain) loss on sale of assets (287) 2
Repossessed asset write downs, gains and losses on dispositions 125 106
FHLB stock dividends (28) (29)
Net (increase) decrease in loans held for sale (280) 344
Change in other assets and liabilities, net (5,185) 1,871
Net Cash Provided By Operating Activities 7,770 13,609
Cash Flows From Investing Activities    
Proceeds from maturities, calls and sales of HTM securities 34,022 4,885
Proceeds from maturities, calls and sales of AFS securities 257,620 117,174
Funds Invested in AFS securities (305,119) (46,177)
Net increase in loans (120,281) (81,536)
Purchase of premises and equipment (3,564) (4,790)
Proceeds from sales of premises and equipment 27 5
Proceeds from sales of other real estate owned 879 0
Net Cash Used In Investing Activities (136,416) (10,439)
Cash Flows From Financing Activities    
Net increase in deposits 267,989 43,321
Net increase in federal funds purchased and short-term borrowings 36,650 0
Repayment of long-term borrowings (3,158) (1,471)
Dividends paid (3,117) (2,818)
Net Cash Provided By Financing Activities 298,364 39,032
Net Increase In Cash and Cash Equivalents 169,718 42,202
Cash and Cash Equivalents at the Beginning of the Period 67,425 127,965
Cash and Cash Equivalents at the End of the Period 237,143 170,167
Noncash Activities:    
Acquisition of real estate in settlement of loans 319 2,704
Transfer of securities from HTM to AFS 52,553 0
Cash Paid During The Period:    
Interest on deposits and borrowed funds 14,662 14,471
Federal    
Cash Paid During The Period:    
Income taxes 0 2,023
State    
Cash Paid During The Period:    
Income taxes $ 0 $ 0