XML 17 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 22,293 $ 31,967
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization (accretion) of premiums and discounts on investments 2,411 2,550
Provision for credit losses 4,766 3,600
Depreciation and amortization 3,308 3,250
Restricted stock compensation 482 448
Gain on sale of mortgage loans (475) (490)
(Gain) Loss on sale of other real estate (62) 14
Other, net (11,510) (3,613)
NET CASH FROM OPERATING ACTIVITIES 21,213 37,726
CASH FLOWS FROM INVESTING ACTIVITIES:    
Calls, maturities and principal reductions on securities available-for-sale 50,182 56,322
Purchases of securities available-for-sale (8,615) (29,653)
Loans made to customers, net of repayment (42,002) (69,656)
Net change in federal funds sold (23,718) 9,011
Purchase of restricted stock (14) (13)
Proceeds from sales of other real estate owned 268 217
Additions to premises and equipment (1,302) (3,595)
NET CASH FROM INVESTING ACTIVITIES (25,201) (37,367)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in deposits 42,308 (305,309)
Net change in short-term borrowings (29,010) 57,984
Dividends paid (10,620) (15,383)
Purchase of treasury stock (376) (3,073)
Proceeds from other borrowings 1,150,000 680,000
Maturities of other borrowings (1,150,000) (555,000)
NET CASH FROM FINANCING ACTIVITIES 2,302 (140,781)
NET CHANGE IN CASH AND CASH EQUIVALENTS (1,686) (140,422)
CASH AND DUE FROM BANKS, BEGINNING OF PERIOD 76,759 222,517
CASH AND DUE FROM BANKS, END OF PERIOD $ 75,073 $ 82,095