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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net income $ 32,881,000 $ 26,463,000 $ 16,924,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Net discount accretion (436,000) (4,481,000) (2,547,000)
Depreciation and amortization expense 5,305,000 6,573,000 5,547,000
Impairment of intangibles 0 153,000 0
Provision for loan losses 1,090,000 5,325,000 900,000
Share-based compensation 1,949,000 2,092,000 1,586,000
Gains on sales of loans originated for sale (4,967,000) (6,067,000) (2,613,000)
Mortgage loans originated for sale (197,167,000) (207,051,000) (112,568,000)
Proceeds from sales of loans originated for sale 204,102,000 208,987,000 108,885,000
Gains on sale of portfolio loans 0 (2,803,000) 0
Net (gain) loss on disposal of OREO and premises held for sale (327,000) 152,000 (156,000)
Writedown of OREO and premises held for sale 0 544,000 0
Net loss on disposal of premises and equipment 22,000 2,000 139,000
Deferred income taxes 942,000 (1,973,000) 1,776,000
Investment securities (gains) losses (638,000) 16,000 (4,749,000)
Loss (gain) on derivative terminations 514,000 (226,000) 0
Income from life insurance (2,273,000) (2,261,000) (2,044,000)
Decrease (increase) in accrued interest receivable 693,000 (2,887,000) 1,248,000
Increase (decrease) in accrued interest payable and other liabilities 1,167,000 953,000 (5,291,000)
Other, net (2,046,000) 6,660,000 2,053,000
Net cash provided by operating activities 40,811,000 30,171,000 9,090,000
Cash flows from investing activities      
Proceeds from sales of AFS securities 149,038,000 0 199,429,000
Maturities, repayments and calls of AFS securities 39,082,000 56,239,000 33,265,000
Purchases of AFS securities (195,049,000) (26,691,000) (190,530,000)
Net cash and cash equivalents received from acquisitions 0 0 29,442,000
Net redemptions (purchases) of restricted investments in bank stocks 3,311,000 5,621,000 (2,684,000)
Net decrease (increase) in loans 1,396,000 (349,947,000) (46,157,000)
Proceeds from sales of portfolio loans 385,000 22,665,000 0
Purchases of bank premises and equipment (1,254,000) (1,303,000) (2,911,000)
Proceeds from disposal of OREO and premises held for sale 1,078,000 4,096,000 1,318,000
Purchases of bank owned life insurance 0 (3,636,000) (3,280,000)
Death benefit proceeds from life insurance contracts 0 391,000 571,000
Net cash (used in) provided by investing activities (2,013,000) (292,565,000) 18,463,000
Cash flows from financing activities      
Net increase (decrease) in deposits 108,020,000 481,277,000 (71,561,000)
Net increase (decrease) in borrowings with original maturities less than 90 days 3,835,000 (135,402,000) 115,800,000
Proceeds from other short-term borrowings 0 126,599,000 20,000,000
Payments on other short-term borrowings (56,149,000) (131,622,000) (116,776,000)
Settlement of terminated derivatives (525,000) 218,000 0
Payment of subordinated notes issuance costs 0 0 (59,000)
Dividends paid (8,280,000) (7,610,000) (6,150,000)
Acquisition of treasury stock (1,869,000) (1,170,000) 0
Treasury shares repurchased for employee taxes associated with restricted stock vesting (514,000) (717,000) (1,772,000)
Proceeds from issuance of stock for option exercises and employee stock purchase plan 136,000 116,000 113,000
Net cash provided by (used in) financing activities 44,654,000 331,689,000 (60,405,000)
Net increase (decrease) in cash and cash equivalents 83,452,000 69,295,000 (32,852,000)
Cash and cash equivalents at beginning of year 125,258,000 55,963,000 88,815,000
Cash and cash equivalents at end of year 208,710,000 125,258,000 55,963,000
Supplemental disclosure of cash flow information:      
Cash paid for interest 6,805,000 16,665,000 24,313,000
Cash paid for income taxes 4,400,000 550,000 0
Supplemental schedule of noncash investing and financing activities:      
OREO acquired in settlement of loans 0 0 161,000
Premises and equipment transferred to held for sale 0 0 4,894,000
Lease liabilities arising from obtaining ROU assets $ 2,865,000 $ 400,000 $ 7,380,000