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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities:    
Net Income $ 8,562 $ 12,575
Provision for Credit Losses 1,554 769
Depreciation and Amortization 1,738 1,945
Net Loss (Gain) on Securities Transactions 104 (130)
Loans Originated and Held-for-Sale 239 (974)
Proceeds from the Sale of Loans Held-for-Sale 4 1,349
Net Gain on the Sale of Loans (4) (52)
Net Loss on the Sale of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 37 15
Contributions to Retirement Benefit Plans (143) (171)
Deferred Income Tax Expense (Benefit) 891 (462)
Shares Issued Under the Directors’ Stock Plan 114 99
Stock-Based Compensation Expense 122 110
Tax Benefit from Exercise of Stock Options 11 22
Net Decrease in Other Assets 1,792 4,477
Net Decrease in Other Liabilities (1,801) (2,803)
Net Cash Provided By Operating Activities 13,220 16,769
Cash Flows from Investing Activities:    
Proceeds from the Maturities and Calls of Securities Available-for-Sale 15,669 21,473
Purchases of Securities Available-for-Sale 0 (75,049)
Proceeds from the Maturities and Calls of Securities Held-to-Maturity 9,328 4,699
Purchases of Securities Held-to-Maturity (1,448) (4,950)
Net Increase in Loans (23,479) (70,441)
Proceeds from the Sales of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 785 335
Purchase of Premises and Equipment (2,635) (3,123)
Net (Increase) Decrease in FHLB and Federal Reserve Bank Stock (3,963) 889
Net Cash Used By Investing Activities (5,743) (126,167)
Cash Flows from Financing Activities:    
Net Increase in Deposits 47,985 164,876
Net Decrease in Short-Term Federal Home Loan Bank Borrowings 8,000 0
Finance Lease Payments (13) (13)
Federal Home Loan Bank Advances 100,000 0
Repayments of Federal Home Loan Bank Term Advances (20,000) (20,000)
Purchase of Treasury Stock (848) (2,093)
Stock Options Exercised, Net 83 241
Shares Issued Under the Employee Stock Purchase Plan 120 120
Shares Issued for Dividend Reinvestment Plans 472 474
Cash Dividends Paid (4,464) (4,325)
Net Cash Provided By Financing Activities 131,335 139,280
Net Increase in Cash and Cash Equivalents 138,812 29,882
Cash and Cash Equivalents at Beginning of Period 64,660 457,696
Cash and Cash Equivalents at End of Period 203,472 487,578
Supplemental Disclosures to Statements of Cash Flow Information:    
Interest on Deposits and Borrowings 7,200 1,156
Income Taxes 1,069 318
Transfer of Loans to Other Real Estate Owned and Repossessed Assets $ 373 $ 403