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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities    
Net income $ 20,919 $ 11,455
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,722 1,516
Provision for credit losses 2,500 8,250
Share-based compensation expense 252 323
Deferred income tax benefit (278) (2,984)
Loans originated for sale (70,502) (35,082)
Proceeds from sale of loans 72,095 32,917
Gain (Loss) on Sales of Loans, Net (1,378) (555)
Realized securities gains, net (602) (1,038)
Gain (Loss) on Disposition of Assets (79) 123
Write-downs of foreclosed properties 741 1,164
Amortization of securities premiums, net 2,002 1,303
Amortization (accretion) related to acquisitions, net (773) (800)
Amortization of intangibles 787 839
Earnings on cash surrender value of bank owned life insurance (649) (540)
Decrease (increase) in accrued interest receivable 1,592 (1,843)
(Increase) decrease in other assets (180) 116
Increase (decrease) in other liabilities 357 (226)
Net cash provided by operating activities 28,684 14,692
Cash Flows from Investing Activities    
Proceeds from maturities and calls of debt securities available for sale 3,055 2,200
Proceeds from Sale of Debt Securities, Available-for-sale 8,241 74,750
Principal payments received on debt securities available for sale 14,812 12,278
Payments to Acquire Debt Securities, Available-for-sale 88,360 41,880
Payments to Acquire Held-to-maturity Securities 0 (80,732)
Purchases of other investments (109) (8,148)
Proceeds from redemptions of other investments 3,138 12,365
Net loan originations (18,513) (230,848)
Purchases of premises and equipment (2,289) (6,201)
Proceeds from Sale of Property, Plant, and Equipment 0 9
Improvements to property held for sale 0 (1,072)
Proceeds from sales of repossessed assets & property held for sale 1,948 1,494
Payment to Acquire Life Insurance Policy, Investing Activities 0 (8,456)
Cash Acquired from Acquisition 0 183,697
Net cash used in investing activities (78,077) (90,544)
Cash Flows from Financing Activities    
Net increase in demand deposit, NOW and savings accounts 189,650 256,358
Net decrease in time deposits (55,567) (79,539)
Net decrease in short-term borrowings 0 (108,400)
Repayment of long-term borrowings (10) (9)
Proceeds from issuance of common stock, net of issuance costs 142 33
Proceeds from Issuance of Preferred Stock and Preference Stock 14,920 0
Payments for Repurchase of Common Stock 0 1,444
Dividends paid on common stock (4,401) (4,395)
Payments of Ordinary Dividends, Preferred Stock and Preference Stock (139) 0
Net cash provided by financing activities 144,595 56,754
Increase (decrease) in cash and cash equivalents 95,202 (19,098)
Cash and cash equivalents:    
Beginning 99,787 61,888
Ending 194,989 42,790
Cash payments for:    
Interest Paid, Excluding Capitalized Interest, Operating Activities 6,815 11,288
Income taxes 6,265 3,745
Supplemental Disclosures of Noncash Investing and Financing Activities    
Real property and other assets acquired in settlement of loans 342 177
Lease Obligation Incurred 0 3,293
Noncash or Part Noncash Acquisition, Other Assets Acquired 0 171,645
Noncash or Part Noncash Acquisition, Other Liabilities Assumed 0 365,379
Payments for Derivative Instrument, Financing Activities $ 0 $ (5,850)