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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net Income $ 13,280 $ 8,127
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Provision for Credit Losses (648) 2,772
Depreciation and Amortization 1,951 1,597
Net (Gain) Loss on Securities Transactions (160) 374
Loans Originated and Held-for-Sale (24,037) (9,322)
Proceeds from the Sale of Loans Held-for-Sale 32,093 7,975
Net Gain on the Sale of Loans (1,415) (213)
Net Loss (Gain) on the Sale of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 90 (91)
Contributions to Retirement Benefit Plans (146) (195)
Deferred Income Tax Expense (Benefit) 349 (873)
Shares Issued Under the Directors’ Stock Plan 98 0
Stock-Based Compensation Expense 104 103
Tax Benefit from Exercise of Stock Options 13 28
Net Increase in Other Assets (3,077) (5,719)
Net Increase in Other Liabilities 1,624 8,563
Net Cash Provided By Operating Activities 20,119 13,126
Cash Flows from Investing Activities:    
Proceeds from the Maturities and Calls of Securities Available-for-Sale 25,977 17,444
Purchases of Securities Available-for-Sale (130,481) (33,201)
Proceeds from the Maturities and Calls of Securities Held-to-Maturity 4,291 7,075
Purchases of Securities Held-to-Maturity (619) (717)
Net Increase in Loans (51,866) (27,317)
Proceeds from the Sales of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 259 781
Purchase of Premises and Equipment (1,311) (1,072)
Net (Increase) Decrease in FHLB and Federal Reserve Bank Stock (11) 4,938
Net Cash Used By Investing Activities (153,761) (32,069)
Cash Flows from Financing Activities:    
Net Increase in Deposits 218,862 194,951
Net Decrease in Short-Term Federal Home Loan Bank Borrowings 0 (130,000)
Net (Decrease) Increase in Short-Term Borrowings (10,691) 6,810
Finance Lease Payments (12) (5)
Federal Home Loan Bank Advances 0 40,000
Repayments of Federal Home Loan Bank Term Advances 0 (20,000)
Purchase of Treasury Stock 0 (1,507)
Stock Options Exercised, Net 156 343
Shares Issued Under the Employee Stock Purchase Plan 124 121
Shares Issued for Dividend Reinvestment Plans 455 442
Cash Dividends Paid (4,036) (3,904)
Net Cash Provided By Financing Activities 204,858 87,251
Net Increase in Cash and Cash Equivalents 71,216 68,308
Cash and Cash Equivalents at Beginning of Period 380,991 70,221
Cash and Cash Equivalents at End of Period 452,207 138,529
Supplemental Disclosures to Statements of Cash Flow Information:    
Interest on Deposits and Borrowings 1,626 5,264
Income Taxes 0 344
Non-cash Investing and Financing Activity:    
Transfer of Loans to Other Real Estate Owned and Repossessed Assets $ 349 $ 371