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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities      
Net income $ 31,326 $ 31,866 $ 28,072
Adjustments to reconcile net earnings to net cash      
Depreciation 3,223 2,614 2,168
Provision for loan losses 14,500 1,550 2,250
Stock compensation expense 527 590 391
Deferred income tax expense (4,201) 103 (349)
Loans originated for sale (97,805) (22,518) (15,939)
Proceeds from loans sold 98,933 22,004 15,834
Gain (Loss) on Sales of Loans, Net (1,806) (405) (295)
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments 3,472 1,938 622
Gain (Loss) on Disposition of Property Plant Equipment (221) 236 (74)
Gain (Loss) on Disposition of Business 0 (1,906) 0
Write down of foreclosed properties 1,783 2,075 776
Amortization of securities premiums (accretion of discounts), net 3,024 2,263 3,412
Amortization (accretion) related to acquisitions, net (1,571) (998) (580)
Amortization of intangibles 1,659 1,701 1,671
Increase in cash surrender value of bank owned life insurance (1,716) (1,148) (1,028)
Decrease in accrued interest receivable (1,996) 699 (378)
(Increase) decrease in other assets 314 133 (320)
Increase (decrease) in other liabilities 1,738 4,478 3,384
Net cash provided by operating activities 44,681 40,927 38,521
Cash Flows from Investing Activities      
Proceeds from maturities and calls of securities available for sale 3,525 1,871 1,145
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities 1,000 0 0
Proceeds from Sale of Debt Securities, Available-for-sale 124,809 142,423 107,559
Principal payments received on securities available for sale 24,654 22,870 24,814
Payments to Acquire Debt Securities, Available-for-sale 64,740 90,341 105,789
Payments to Acquire Held-to-maturity Securities (101,994) 0 0
Purchases of other investments (14,700) (18,228) (14,550)
Redemption of Federal Home Loan Bank Stock 16,461 21,412 11,717
Net principal payments received on loans (301,654) (181,615) (92,189)
Purchases of premises and equipment (8,637) (9,218) (5,545)
Proceeds from disposal of premises and equipment 293 860 42
Improvements to property held for sale (1,352) (512) (1,304)
Proceeds from sales of other repossessed assets & property held for sale 4,191 5,271 2,365
Proceeds from Divestiture of Businesses 0 7,117 0
Cash Acquired from Acquisition 175,013 20,589 0
Payment to Acquire Life Insurance Policy, Investing Activities 9,332 69 0
Net cash provided by (used in) investing activities (152,463) (77,570) (71,735)
Cash Flows from Financing Activities      
Net increase in demand deposit, NOW and savings accounts 376,704 204,757 43,282
Net decrease in time deposits (160,373) (38,409) (8,853)
Net increase in short-term borrowings (62,199) (109,739) 58,585
Repayment of long-term borrowings (21,301) (18) (45,016)
Proceeds from Issuance of Subordinated Long-term Debt 30,000 0 0
Payments for Derivative Instrument, Financing Activities (7,098) 0 0
Proceeds from issuance of common stock, net of issuance costs 178 159 237
Payments for Repurchase of Common Stock (1,444) (10,405) (1,689)
Exercise of stock options 0 7 122
Payments of Ordinary Dividends, Common Stock (8,786) (7,361) (6,545)
Net cash provided by (used in) financing activities 145,681 38,991 40,123
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 37,899 2,348 6,909
Cash and cash equivalents:      
Beginning 61,888 59,540 52,631
Ending 99,787 61,888 59,540
Cash payments for:      
Interest 19,975 29,855 25,426
Income taxes 11,440 7,850 7,539
Supplemental Schedule of Noncash Investing and Financing Activities      
Other assets acquired in settlement of loans 1,146 4,600 1,822
Lease Obligation Incurred 5,147 902 0
Noncash or Part Noncash Acquisition, Value of Assets Acquired 302,333 100,377 0
Noncash or Part Noncash Acquisition, Value of Liabilities Assumed $ 494,596 $ 114,151 $ 0