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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities:    
Net Income $ 7,660 $ 8,562
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Provision for Credit Losses 617 1,554
Depreciation and Amortization 1,394 1,738
Net (Gain) Loss on Securities Transactions (17) 104
Loans Originated and Held-for-Sale (50) 239
Proceeds from the Sale of Loans Held-for-Sale 4 4
Net Gain on the Sale of Loans (4) (4)
Net Loss on the Sale of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 27 37
Contributions to Retirement Benefit Plans (154) (143)
Deferred Income Tax (Benefit) Expense (259) 891
Shares Issued Under the Directors’ Stock Plan 128 114
Stock-Based Compensation Expense 83 122
Tax Benefit from Exercise of Stock Options 6 11
Net Decrease in Other Assets (269) 1,792
Net Decrease in Other Liabilities 1,183 (1,801)
Net Cash Provided By Operating Activities 10,349 13,220
Cash Flows from Investing Activities:    
Proceeds from the Maturities and Calls of Securities Available-for-Sale 10,083 15,669
Proceeds from the Maturities and Calls of Securities Held-to-Maturity 4,003 9,328
Purchases of Securities Held-to-Maturity (750) (1,448)
Net Increase in Loans (51,352) (23,479)
Proceeds from the Sales of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 637 785
Purchase of Premises and Equipment (1,155) (2,635)
Net Decrease (Increase) in FHLB and Federal Reserve Bank Stock 841 (3,963)
Net Cash Used By Investing Activities (37,693) (5,743)
Cash Flows from Financing Activities:    
Net Increase in Deposits 91,455 47,985
Net (Decrease) Increase in Short-Term Federal Home Loan Bank Borrowings (20,000) 8,000
Finance Lease Payments (13) (13)
Other Borrowings - Advances 100,000 100,000
Other Borrowings - Paydowns 0 (20,000)
Net Cash Collateral Received from Derivative Counterparties 6,190 0
Purchase of Treasury Stock (5,961) (848)
Stock Options Exercised, Net 116 83
Shares Issued Under the Employee Stock Purchase Plan 51 120
Shares Issued for Dividend Reinvestment Plans 0 472
Cash Dividends Paid (4,565) (4,464)
Net Cash Provided By Financing Activities 167,273 131,335
Net Increase in Cash and Cash Equivalents 139,929 138,812
Cash and Cash Equivalents at Beginning of Period 142,536 64,660
Cash and Cash Equivalents at End of Period 282,465 203,472
Supplemental Disclosures to Statements of Cash Flow Information:    
Interest on Deposits and Borrowings 18,513 7,200
Income Taxes 953 1,069
Transfer of Loans to Other Real Estate Owned and Repossessed Assets $ 624 $ 373