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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income $ 19,477 $ 26,909
Adjustments to reconcile net income to net cash provided (used) by operating activities    
Deferred income taxes 968 606
Depreciation and amortization 3,999 4,555
Amortization and accretion of premiums/discounts on investment securities 1,829 1,674
Amortization of operating lease right-of-use assets (51) (22)
Stock-based compensation 1,041 1,259
Increase in value of bank-owned life insurance (408) (389)
Realized loss (gain) on sale of fixed assets   (62)
Realized loss (gain) on derivative instruments (215) 4,803
Realized loss (gain) on loans sold (6,037) (27,206)
Realized loss (gain) on sale of foreclosed assets (11) (204)
Realized loss (gain) on sale of investment securities   (114)
Realized loss (gain) on servicing rights (441) (361)
Net change in:    
Loans held for sale (1,922) 82,713
Accrued interest receivable (618) 1,199
Other assets (19,936) (5,632)
Accrued expenses and other liabilities 9,924 (5,404)
Net cash provided (used) by operating activities 7,599 84,324
Investing Activities    
Proceeds from sales or calls of investment securities available-for-sale   13,189
Proceeds from maturities of investment securities available-for-sale 61,313 57,661
Purchases of investment securities available-for-sale (95,600) (291,361)
Proceeds from sales or calls of investment securities held-to-maturity 726 1,415
Proceeds from maturities of investment securities held-to-maturity 18,588 1,180
Net (increase) decrease in loans (132,503) 142,510
Purchases of premises and equipment (471) (429)
Proceeds from sales of foreclosed assets 117 481
Net cash provided (used) by investing activities (147,830) (75,354)
Financing Activities    
Net increase (decrease) in deposits (301,001) 138,947
Net increase (decrease) in short-term borrowings 242,350  
Repayments of long-term debt (119) (49,804)
Proceeds from the issuance of subordinated debt   50,000
Cash dividends paid on common stock (5,570) (5,199)
Repurchase of common stock (697) (446)
Net cash provided (used) by financing activities (65,037) 133,498
Net change in cash and cash equivalents (205,268) 142,468
Cash and cash equivalents at beginning of period 242,311 172,962
Cash and cash equivalents at end of period 37,043 315,430
Cash paid for:    
Interest 3,913 2,521
Income taxes 4,677 9,072
Non-cash information    
Loan collateral transferred to foreclosed assets 81 1,072
Unrealized gain (loss) on investment securities available-for-sale (65,951) (8,000)
Accretion of unrealized (gain) loss on investment securities held-to-maturity $ (199) (115)
Investment securities transferred to held-to-maturity   $ 149,191