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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Apr. 17, 2020
Cash Flows from Operating Activities:        
Net income $ 17,811 $ 29,060 $ 29,118  
Adjustments to reconcile net income to net cash provided by operating activities:        
Provision for credit losses 5,528 1,683 1,550  
Depreciation and amortization 1,520 1,033 1,113  
Amortization and accretion of loans and other assets (3,119) (1,950) (4,535)  
Amortization and accretion of investment securities 1,581 1,889 2,215  
Deferred income taxes 595 (36) 689  
Equity security losses (gains), net 144 247 (339)  
Available for sale security losses (gains), net 51 14 (212)  
Earnings on bank owned life insurance (1,254) (852) (1,828)  
Stock awards 309 336 614  
Originations of loans held for sale (87,323) (10,024) (44,668)  
Proceeds from sales of loans held for sale 90,782 14,004 55,621  
Realized gains on loans sold (1,452) (258) (1,283)  
(Increase) decrease in accrued interest receivable (1,485) (2,097) 764  
Increase (decrease) in accrued interest payable 2,181 521 (306)  
Other, net 668 (330) 180  
Net cash provided by operating activities 26,537 33,240 38,693  
Available-for-sale securities:        
Proceeds from sales of available-for-sale securities 86,504 7,480 29,198  
Proceeds from maturity and principal repayments of securities 27,007 33,554 55,520  
Purchase of securities (10,246) (117,913) (211,218)  
Purchase of equity securities 0 (218) 0  
Proceeds from sale of equity securities 127 33 0  
Proceeds from redemption of Regulatory Stock 24,915 7,770 4,989  
Purchase of Regulatory Stock (29,127) (15,105) (3,688)  
Net increase in loans (43,951) (281,389) (32,111)  
Purchase of interest-bearing time deposits (100) (3,720) 0  
Proceeds from matured interest-bearing time deposits with other banks 2,085 5,954 2,732  
Proceeds from sale of interest-bearing time deposits with other banks 0 2,733 0  
Purchase of bank owned life insurance 0 0 (7,800)  
Purchase of premises, equipment and software (2,617) (1,634) (1,105)  
Proceeds from life insurance 1,098 0 3,714  
Investments in low income housing partnerships (1,470) (1,123)    
Proceeds from sale of foreclosed assets held for sale 335 1,126 1,537  
Acquisition, net of cash paid 4,905 0 0  
Net cash provided by (used in) investing activities 59,465 (362,452) (158,232)  
Cash Flows from Financing Activities:        
Net (decrease) increase in deposits (56,092) 8,057 247,293  
Proceeds from long-term borrowings 40,000 0 9,869  
Repayments of long-term borrowings 0 (4,725) (26,800)  
Net increase (decrease) in short-term borrowed funds (34,569) 188,013 2,060  
Purchase of treasury stock (265) (1,279) (1,374)  
Sale of treasury stock 34 112 0  
Dividends paid (8,503) (7,588) (7,383)  
Net cash provided by (used in) financing activities (59,395) 182,590 223,665  
Net increase (decrease) in cash and cash equivalents 26,607 (146,622) 104,126  
Cash and Cash Equivalents at Beginning of Year 26,211 172,833 68,707  
Cash and Cash Equivalents at End of Year 52,818 26,211 172,833  
Supplemental Disclosures of Cash Flow Information:        
Interest paid 44,677 10,703 7,411  
Income taxes paid 5,100 6,600 5,500  
Non-cash activities:        
Stock dividend 3,021 2,560 2,352  
Real estate acquired in settlement of loans 147 61 906  
Investments matured and not settled included in other assets 8,000 0 0  
Investments in low income housing included in other assets and liabilities 6,530 0 0  
Right of use asset and liability 28 2,403 1,636  
CECL adjustment 3,300 0 $ 0  
Non-cash assets acquired        
Goodwill 85,758 31,376    
HV Bancorp, Inc. [Member]        
Non-cash assets acquired        
Available-for-sale securities 79,248 0   $ 0
Loans held for sale 10,750 0   0
Loans 475,338 0   0
Premises and equipment 2,310 0   0
Accrued interest receivable 2,226 0   0
Bank owned life insurance 10,387 0   0
Intangibles 2,972 0   0
Deferred tax asset 7,706 0   0
Other assets 18,213 0   0
Goodwill 54,382 0   0
Total non-cash assets acquired 663,532 0   0
Liabilities assumed        
Noninterest-bearing deposits 197,549 0   0
Interest-bearing deposits 335,815 0   0
Accrued interest payable 885 0   0
Borrowed funds 58,647 0   0
Other liabilities 11,988 0   0
Total liabilities assumed 604,884 0   0
Net non-cash assets acquired 58,648 0   0
Cash and cash equivalents acquired $ 18,017 $ 0   $ 0