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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES:    
Interest received $ 71,171 $ 55,607
Fees received 12,501 14,424
Interest paid (23,372) (3,607)
Cash paid to employees and vendors (43,228) (46,166)
Income taxes paid (7,669) (3,327)
Proceeds from sale of loans held for sale 7,498 4,719
Originations of loans held for sale (7,341) (4,529)
Net cash provided by operating activities 9,560 17,121
Available For Sales Securities:    
Purchases   (144,413)
Proceeds from sales, maturities, calls, and payments 24,278 20,806
Held to maturity securities:    
Purchases (1,344) (6,581)
Proceeds from maturities, calls, and payments 6,123 2,174
Cash paid for bank-owned life insurance   (6,830)
Proceeds from bank-owned life insurance claims   378
Additions to properties and equipment (575) (654)
Proceeds from sales of assets 370  
Proceeds from tax credit investment 12 191
Sale of other real estate   17
Net (increase) in loans (31,528) (54,670)
Net cash used in investing activities (2,664) (189,582)
FINANCING ACTIVITIES:    
Repayments from long-term borrowings, net (13,374) (12,402)
(Repayments) proceeds from short-term borrowings, net (21,900) 28,200
Net increase (decrease) in deposits 33,745 (63,256)
Dividends paid (3,597) (3,409)
Repurchase of treasury stock   (1,098)
Issuance of common stock 470 714
Reissuance of treasury stock   134
Net cash used in financing activities (4,656) (51,117)
Net increase (decrease) in cash and cash equivalents 2,240 (223,578)
CASH AND CASH EQUIVALENTS:    
Beginning of period 23,054 244,785
End of period 25,294 21,207
RECONCILIATION OF NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES:    
Net income 14,350 16,346
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,216 1,270
Deferred tax expense 136 348
Provision for credit losses (264) 1,816
Loss on sales of assets 31 5
Gain on loans sold (156) (92)
Stock compensation expense 772 952
Proceeds from sale of loans held for sale 7,498 4,719
Originations of loans held for sale (7,341) (4,529)
Changes in assets and liabilities affecting cash flow:    
Other assets (2,042) (3,003)
Other liabilities (4,640) (711)
NET CASH PROVIDED BY OPERATING ACTIVITIES $ 9,560 $ 17,121