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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:    
Net Income $ 16,264 $ 14,609
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Provision for Credit Losses on Loans 1,392 2,502
Depreciation and Amortization 2,644 3,432
Net (Gain) Loss on Securities Transactions (71) 285
Loans Originated and Held-for-Sale (833) 344
Proceeds from the Sale of Loans Held-for-Sale 9 4
Net Gain on the Sale of Loans (9) (4)
Net (Gain) Loss on the Sale of Premises and Equipment, Other Real Estate Owned and Repossessed Assets (334) 86
Contributions to Retirement Benefit Plans (336) (273)
Deferred Income Tax Benefit (252) (71)
Shares Issued Under the Directors’ Stock Plan 256 114
Stock-Based Compensation Expense 164 247
Tax Benefit from Exercise of Stock Options 39 11
Net (Increase) Decrease in Other Assets (2,970) 1,023
Net Decrease in Other Liabilities 3,465 3,390
Net Cash Provided By Operating Activities 19,428 25,699
Cash Flows from Investing Activities:    
Proceeds from the Maturities and Calls of Securities Available-for-Sale 46,298 32,134
Proceeds from the Maturities and Calls of Securities Held-to-Maturity 33,076 34,198
Purchases of Securities Held-to-Maturity (1,197) (2,552)
Net Increase in Loans (109,992) (89,638)
Proceeds from the Sales of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 2,230 1,305
Purchase of Premises and Equipment (2,719) (5,064)
Net Decrease in FHLB and Federal Reserve Bank Stock 775 1,132
Net Cash Used By Investing Activities (31,529) (28,485)
Cash Flows from Financing Activities:    
Net (Decrease) Increase in Deposits (3,927) 3,860
Finance Lease Payments (28) (26)
Other Borrowings - Advances 100,000 250,000
Other Borrowings - Paydowns (20,000) (133,000)
Net Cash Collateral Received from Derivative Counterparties 8,970 0
Purchase of Treasury Stock (6,471) (848)
Stock Options Exercised, Net 166 83
Shares Issued Under the Employee Stock Purchase Plan 129 120
Shares Issued for Dividend Reinvestment Plans 0 472
Cash Dividends Paid (9,076) (8,934)
Net Cash Provided By Financing Activities 69,763 111,727
Net Increase in Cash and Cash Equivalents 57,662 108,941
Cash and Cash Equivalents at Beginning of Period 142,536 64,660
Cash and Cash Equivalents at End of Period 200,198 173,601
Supplemental Disclosures to Statements of Cash Flow Information:    
Interest on Deposits and Borrowings 37,625 19,179
Income Taxes 3,553 3,269
Transfer of Loans to Other Real Estate Owned and Repossessed Assets $ 1,079 $ 1,320