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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities:    
Net Income $ 9,312 $ 3,818
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for loan and lease losses 1,000 550
Depreciation 828 775
Amortization of intangibles 281 323
Net amortization of security discounts/premiums 167 149
Amortization of operating lease right of use assets 430 443
Amortization of finance lease right of use asset 45 45
Gain on sales of investment securities   (132)
Earnings on cash surrender value of life insurance (74) (76)
Mortgage loans originated for sale (98,578) (37,120)
Proceeds from sales of mortgage loans originated for sale 100,621 31,190
Gain on sale of mortgage loans (2,379) (1,182)
SBA loans originated for sale (971) (1,337)
Proceeds from sales of SBA loans originated for sale 1,071 1,421
Gain on sale of SBA loans (100) (84)
Stock compensation expense 132 96
Deferred income tax (benefit) expense (1,251) 470
Decrease (increase) in accrued interest receivable 1,116 (822)
Decrease (increase) in other assets 2,826 (31)
(Decrease) increase in accrued interest payable (105) 270
Net change in operating lease liability (436) (474)
(Decrease) increase in other liabilities (665) 806
Net Cash Provided By (Used In) Operating Activities 13,270 (902)
Investing Activities:    
Proceeds from the sale of available-for-sale securities   35,964
Proceeds from the maturity or call of available-for-sale securities 2,499 5,378
Purchases of available-for-sale securities   (32,865)
Proceeds from the maturity or call of held-to-maturity securities 12,959 30,347
Purchases of held-to-maturity securities (14,386) (61,945)
Redemptions of restricted investment in bank stock 734 347
Net increase in loans and leases (263,006) (36,966)
Purchases of bank premises and equipment (652) (2,085)
Net Cash Used In Investing Activities (261,852) (61,825)
Financing Activities:    
Net increase in deposits 192,247 60,887
Net increase in short-term borrowings 182,136  
Common stock dividends paid (2,020) (1,950)
Treasury stock purchased (128)  
Net change in finance lease liability (21) (21)
Proceeds from the issuance of subordinated debt   15,000
Long-term debt repayment (58) (9,529)
Net Cash Provided By Financing Activities 372,229 64,455
Net increase in cash and cash equivalents 123,647 1,728
Cash and cash equivalents, beginning of period 303,724 139,030
Cash and cash equivalents, end of period 427,371 140,758
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 3,948 5,764
Supplemental Noncash Disclosures:    
Recognition of operating lease right of use assets 1,064  
Recognition of operating lease liabilities 1,064  
Increase in other liabilities for securities settling after quarter-end 1,008  
Loans transferred to foreclosed assets held for sale 20 1,522
Employee [Member]    
Financing Activities:    
Proceeds from Stock Purchase Plan stock issuance 40 33
Director [Member]    
Financing Activities:    
Proceeds from Stock Purchase Plan stock issuance $ 33 $ 35