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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities    
Net income $ 10,360 $ 4,506
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 859 726
Provision for credit losses 1,500 5,250
Share-based compensation expense 126 162
Deferred income tax benefit (127) (267)
Loans originated for sale (38,748) (6,444)
Proceeds from sale of loans 38,413 7,227
Gain (Loss) on Sales of Loans, Net (750) (111)
Realized securities gains, net (476) (1,038)
Gain (Loss) on Disposition of Assets (138) 67
Write-downs of foreclosed properties 23 945
Amortization of securities premiums, net 948 558
Amortization (accretion) related to acquisitions, net (371) (350)
Amortization of intangibles 405 429
Earnings on cash surrender value of bank owned life insurance (302) (179)
Decrease in accrued interest receivable 1,335 205
Increase in other assets (163) (1,247)
Increase (decrease) in other liabilities 2,348 (1,003)
Net cash provided by operating activities 15,518 9,302
Cash Flows from Investing Activities    
Proceeds from maturities and calls of debt securities available for sale 2,825 2,200
Proceeds from Sale of Debt Securities, Available-for-sale 5,117 74,750
Principal payments received on debt securities available for sale 7,222 6,374
Payments to Acquire Debt Securities, Available-for-sale 44,012 22,321
Purchases of other investments 0 (5,001)
Proceeds from redemptions of other investments 3,138 6,397
Net loan originations (40,428) (52,787)
Purchases of premises and equipment (1,611) (2,971)
Proceeds from Sale of Property, Plant, and Equipment 0 9
Improvements to property held for sale 0 (585)
Proceeds from sales of repossessed assets & property held for sale 1,534 780
Cash Acquired from Acquisition 0 46,034
Net cash (used in) provided by investing activities (66,215) 52,879
Cash Flows from Financing Activities    
Net increase in demand deposit, NOW and savings accounts 153,810 4,952
Net decrease in time deposits (24,168) (46,443)
Net decrease in short-term borrowings 0 (37,599)
Repayment of long-term borrowings (5) (6)
Proceeds from issuance of common stock, net of issuance costs 70 (36)
Payments for Repurchase of Common Stock 0 1,282
Dividends paid on common stock (2,200) (2,201)
Net cash provided by (used in) financing activities 127,507 (82,615)
Increase (decrease) in cash and cash equivalents 76,810 (20,434)
Cash and cash equivalents:    
Beginning 99,787 61,888
Ending 176,597 41,454
Cash payments for:    
Interest Paid, Excluding Capitalized Interest, Operating Activities 3,302 6,338
Income taxes 0 0
Supplemental Disclosures of Noncash Investing and Financing Activities    
Real property and other assets acquired in settlement of loans 0 175
Lease Obligation Incurred 0 0
Noncash or Part Noncash Acquisition, Other Assets Acquired 0 135,130
Noncash or Part Noncash Acquisition, Other Liabilities Assumed $ 0 $ 176,545