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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities    
Net income $ 17,290 $ 19,477
Adjustments to reconcile net income to net cash provided (used) by operating activities    
Deferred income taxes 857 968
Provision for credit losses 550  
Depreciation and amortization 4,239 3,998
Amortization and accretion of premiums/discounts on investment securities 1,092 1,829
Amortization of operating lease right-of-use assets 1,571 (51)
Share-based compensation expense 815 1,041
Originations on loans held for sale (146,664) (353,547)
Proceeds on loans held for sale 138,818 351,625
(Increase) in value of bank-owned life insurance (434) (408)
Realized loss (gain) on sale of fixed assets (116)  
Realized loss (gain) on derivative instruments 1,344 (215)
Realized loss (gain) on loans sold (3,531) (6,037)
Realized loss (gain) on sale of foreclosed assets 5 (11)
Realized loss (gain) on BOLI mortality (1,196)  
Realized loss (gain) on servicing rights (25) (441)
Net change in:    
Accrued interest receivable (718) (618)
Other assets 1,414 (9,803)
Accrued expenses and other liabilities (3,311) 9,924
Net cash provided (used) by operating activities 12,000 17,731
Investing Activities    
Proceeds from maturities of investment securities available-for-sale 34,549 61,313
Purchases of investment securities available-for-sale   (95,600)
Proceeds from calls of investment securities held-to-maturity 126 726
Proceeds from maturities of investment securities held-to-maturity 12,492 18,588
Net (increase) decrease in loans (89,295) (132,503)
Net (increase) decrease in FHLB stock (5,020) (10,132)
Proceeds from BOLI mortality claim 2,828  
Purchases of premises and equipment (1,088) (471)
Proceeds from sales of foreclosed assets 25 117
Net cash provided (used) by investing activities (45,383) (157,962)
Financing Activities    
Net increase (decrease) in deposits (62,629) (301,001)
Net increase (decrease) in short-term borrowings 113,980 242,350
Repayments of long-term debt   (119)
Cash dividends paid on common stock (7,425) (5,570)
Repurchase of common stock (3,314) (697)
Net cash provided (used) by financing activities 40,612 (65,037)
Net change in cash and cash equivalents 7,229 (205,268)
Cash and cash equivalents at beginning of period 58,242 242,311
Cash and cash equivalents at end of period 65,471 37,043
Cash paid for:    
Interest 31,723 3,913
Income taxes 3,720 4,677
Supplemental Disclosures of Noncash Investing and Financing Activities    
Loan collateral transferred to foreclosed assets   $ 81
Right-of-use assets obtained in exchange for new operating lease liabilities $ 2,286