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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities      
Net income $ 45,738 $ 31,326 $ 31,866
Adjustments to reconcile net earnings to net cash      
Depreciation 3,587 3,223 2,614
Provision for loan losses 4,000 14,500 1,550
Stock compensation expense 646 527 590
Deferred income tax expense 264 (4,201) 103
Loans originated for sale (107,097) (97,805) (22,518)
Proceeds from loans sold 111,020 98,933 22,004
Gain (Loss) on Sales of Loans, Net (2,153) (1,806) (405)
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments 425 3,472 1,938
Equity Securities, FV-NI, Gain (Loss) (202) 0 0
Gain (Loss) on Disposition of Property Plant Equipment 108 (221) 236
Gain (Loss) on Disposition of Business 0 0 (1,906)
Write down of foreclosed properties 1,417 1,783 2,075
Amortization of securities premiums (accretion of discounts), net 4,348 3,024 2,263
Amortization (accretion) related to acquisitions, net (1,583) (1,571) (998)
Amortization of intangibles 1,563 1,659 1,701
Increase in cash surrender value of bank owned life insurance (1,140) (1,716) (1,148)
Decrease in accrued interest receivable 1,563 (1,996) 699
(Increase) decrease in other assets 139 314 133
Increase (decrease) in other liabilities 269 1,738 4,478
Net cash provided by operating activities 61,846 44,681 40,927
Cash Flows from Investing Activities      
Proceeds from maturities and calls of securities available for sale 8,070 3,525 1,871
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities 0 1,000 0
Proceeds from Sale of Debt Securities, Available-for-sale 64,932 124,809 142,423
Principal payments received on securities available for sale 29,869 24,654 22,870
Payments to Acquire Debt Securities, Available-for-sale 226,427 64,740 90,341
Payments to Acquire Held-to-maturity Securities 0 (101,994) 0
Payments to Acquire Equity Securities, FV-NI (20,000) 0 0
Payments to Acquire Other Investments 1,152 14,700 18,228
Redemption of Federal Home Loan Bank Stock 3,139 16,461 21,412
Net principal payments received on loans (296,679) (301,654) (181,615)
Purchases of premises and equipment (4,537) (8,637) (9,218)
Proceeds from disposal of premises and equipment 558 293 860
Improvements to property held for sale 100 (1,352) (512)
Proceeds from sales of other repossessed assets & property held for sale 4,715 4,191 5,271
Proceeds from Divestiture of Businesses 0 0 7,117
Cash Acquired from Acquisition 95,699 175,013 20,589
Payment to Acquire Life Insurance Policy, Investing Activities 34 9,332 69
Net cash provided by (used in) investing activities (341,747) (152,463) (77,570)
Cash Flows from Financing Activities      
Net increase in demand deposit, NOW and savings accounts 279,913 376,704 204,757
Net decrease in time deposits (95,230) (160,373) (38,409)
Net increase in short-term borrowings 0 (62,199) (109,739)
Repayment of long-term borrowings (20) (21,301) (18)
Proceeds from Issuance of Subordinated Long-term Debt 75,000 30,000 0
Payments for Derivative Instrument, Financing Activities 0 (7,098) 0
Proceeds from issuance of common stock, net of issuance costs 294 178 159
Proceeds from Issuance of Preferred Stock and Preference Stock 14,920 0 0
Payments for Repurchase of Common Stock (6,710) (1,444) (10,405)
Exercise of stock options 16 0 7
Payments of Ordinary Dividends, Common Stock (9,022) (8,786) (7,361)
Payments of Ordinary Dividends, Preferred Stock and Preference Stock (589) 0 0
Net cash provided by (used in) financing activities 258,572 145,681 38,991
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (21,329) 37,899 2,348
Cash and cash equivalents:      
Beginning 99,787 61,888 59,540
Ending 78,458 99,787 61,888
Cash payments for:      
Interest 12,425 19,975 29,855
Income taxes 10,257 11,440 7,850
Supplemental Schedule of Noncash Investing and Financing Activities      
Other assets acquired in settlement of loans 532 1,146 4,600
Lease Obligation Incurred 2,023 5,147 902
Noncash or Part Noncash Acquisition, Value of Assets Acquired 58,054 302,333 100,377
Noncash or Part Noncash Acquisition, Value of Liabilities Assumed $ 164,085 $ 494,596 $ 114,151