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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 $ 7,805 $ 11,442
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Recovery of credit losses (360) 13
Net accretion of certain acquisition-related adjustments (1,139) (4,671)
Amortization of intangible assets 675 770
Net amortization (accretion) of securities 120 (1,117)
Net losses on sale of AFS 4 206
Net gain on early redemption of debt (379)  
Net (gains) losses on sale of assets (36)  
Earnings on bank owned life insurance (564) (513)
Depreciation and other amortization 1,479 1,654
Stock option expense 59 110
Stock grant expense 388 231
Net change in:    
Accrued interest receivable and other assets (10,859) 344
Accrued interest payable and other liabilities (443) 1,648
Net cash (used in) provided by operating activities (3,250) 10,117
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net (increase) decrease in restricted investments 1,718 (2,301)
Purchases of available for sale securities   (10,000)
Proceeds from maturities, calls, sales and principal payments of available for sale securities 132,041 78,930
Net change in loans (64,393) (34,282)
Proceeds from sale of premises and equipment 104 962
Purchase of bank premises and equipment (428) (501)
Net cash provided by investing activities 69,042 32,808
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in demand deposits, money market and savings accounts (52,166) (240,112)
Net change in certificates of deposit and other time deposits 16,909 109,856
Net change in Federal funds purchased (1,024) 20,503
Net change in other borrowings (36,500) 59,666
Proceeds from termination of interest swap   479
Proceeds from stock options exercised   18
Repurchase of shares of stock (559)  
Cash dividends paid (3,542) (3,532)
Net cash used in financing activities (76,882) (53,122)
NET DECREASE IN CASH AND CASH EQUIVALENTS (11,090) (10,197)
CASH AND CASH EQUIVALENTS:    
Beginning of period 28,390 40,136
End of period 17,300 29,939
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest 15,127 2,705
Taxes 1,530 2,134
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Unrealized (losses) gains on available for sale securities (3,727) $ 3,852
Initial right-of-use assets obtained in exchange for new operating lease liabilities $ 281