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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 30,631 $ 40,910
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,218 3,931
Net amortization of premiums on securities 2,736 2,452
Provision (Benefit) for credit losses 2,882 (6,603)
Share-based compensation 1,390 778
Deferred income tax expense (646) 2,333
Proceeds from sale of loans held for sale 18,768 42,767
Originations of loans held for sale (16,094) (40,523)
Income on company owned life insurance (1,702) (1,350)
Net gain on sale of loans held for sale (737) (1,868)
Net (loss) gain on investment securities 15 (71)
Net gain on other assets (7) (148)
Noncash restructuring charges against assets 1,269 11
(Increase) decrease in other assets (14,393) 2,950
Increase (decrease) in other liabilities 53,454 (14,620)
Net cash provided by operating activities 81,784 30,949
Cash flows from investing activities:    
Purchases of available for sale securities (75,269) (411,641)
Purchases of held to maturity securities (36,035) (1,830)
Proceeds from principal payments, maturities and calls on available for sale securities 68,269 70,596
Proceeds from principal payments, maturities and calls on held to maturity securities 36,265 54,288
Proceeds from sales of securities available for sale 6,252 51,891
Net loan originations (84,329) (37,523)
Purchases of company owned life insurance, net of proceeds received (10,011) (12)
Proceeds from sales of other assets 0 2,459
Purchases of premises and equipment (3,999) (6,284)
Cash consideration paid for acquisition, net of cash acquired 0 (759)
Net cash used in investing activities (98,857) (278,815)
Cash flows from financing activities:    
Net (decrease) increase in deposits (6,574) 380,854
Net increase (decrease) in short-term borrowings 79,000 (5,300)
Repurchase of preferred stock 0 (43)
Purchases of common stock for treasury (15,327) (5,964)
Cash dividends paid to common and preferred shareholders (9,433) (9,172)
Net cash provided by financing activities 47,666 360,375
Net increase in cash and cash equivalents 30,593 112,509
Cash and cash equivalents, beginning of period 79,112 93,878
Cash and cash equivalents, end of period $ 109,705 $ 206,387