7Baggers
Quarterly
Annual
    Unit: USD2023-03-31 2022-06-30 2022-03-31 2021-12-31 2020-12-31 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-03-31 2016-06-30 2016-03-31 2015-09-30 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-12-31 2008-09-30 2008-06-30 2008-03-31 2007-12-31 2007-03-31 
      
    		                                        
      cash flows from operating activities:
    		                                        
      net income
    		9,157,000 8,140,000 8,999,000 11,293,000 8,794,000 8,542,000 7,441,000 8,692,000 -1,230,000 6,003,000 5,002,000 5,785,000 5,980,000 5,812,000 2,120,000 4,063,000 4,088,000 4,128,000 4,037,000 3,639,000 4,274,000 4,175,000 4,652,000 4,129,000 1,012,000 1,778,000 1,851,000 2,228,000 2,014,000 2,185,000 2,169,000 2,167,000 1,706,000 768,000 1,683,000 2,224,000 1,809,000 2,305,000 2,775,000 2,704,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                        
      benefit from (recovery of) credit losses
    		329,000                                        
      depreciation
    		534,000 573,000 547,000 549,000 590,000 521,000 560,000 546,000 553,000 405,000 409,000 433,000 467,000 466,000 483,000 444,000 474,000 475,000 475,000 450,000 443,000 422,000 615,000   304,000 312,000 305,000 313,000 323,000 324,000   338,000 344,000   353,000  282,000 
      net accretion of acquisition accounting adjustments
    		-685,000 -336,000 -556,000 -2,088,000 -1,192,000 -957,000 -1,066,000 -948,000 -1,118,000 -255,000 -286,000 -198,000 -377,000 -427,000 -528,000 -434,000 -352,000 -1,001,000                       
      core deposit intangible amortization
    		283,000 320,000 330,000 351,000 391,000 427,000 437,000 448,000 458,000 55,000 55,000 56,000 77,000 77,000 80,000 165,000 288,000 288,000 300,000 421,000 546,000 547,000 548,000   94,000 95,000 94,000 95,000 94,000 94,000   94,000 94,000   94,000  94,000 
      net amortization of securities
    		198,000 434,000 500,000 571,000 344,000 202,000 255,000 232,000 301,000 312,000 355,000 403,000 429,000 430,000 414,000 542,000 670,000 686,000        267,000               
      net income on sale or call of securities available for sale
    		68,000                                        
      gain on sale of loans held for sale
    		-144,000 -429,000 -673,000 -746,000  -549,000 -737,000 -710,000 -586,000 -406,000 -370,000 -551,000 -491,000 -450,000 -491,000 -420,000 -281,000 -233,000    -473,000    -123,000               
      proceeds from sales of loans held for sale
    		14,099,000 19,143,000 26,414,000 30,848,000  25,655,000 31,308,000 30,490,000 26,596,000 15,366,000 18,828,000 22,627,000 21,198,000 17,947,000 25,222,000 22,668,000 16,334,000 14,131,000 17,090,000 29,047,000 18,498,000 22,532,000 20,268,000   8,678,000 21,740,000 15,284,000 11,018,000 9,893,000 16,238,000   12,554,000 340,000   8,279,000  6,384,000 
      originations of loans held for sale
    		-13,544,000 -21,417,000 -19,784,000 -29,065,000  -25,745,000 -26,952,000 -32,261,000 -27,923,000 -15,572,000 -17,164,000 -21,714,000 -21,211,000 -17,650,000 -22,984,000 -18,124,000 -19,960,000 -11,417,000 -17,078,000 -27,407,000 -23,486,000 -19,503,000 -22,233,000   -6,729,000 -20,439,000 -15,978,000 -11,388,000 -9,389,000 -14,536,000   -13,323,000 299,000   -8,426,000   
      net gain on sale or disposal of premises and equipment
    		105,000  -4,000                                      
      equity based compensation expense
    		437,000 371,000 382,000 367,000 349,000 404,000 337,000 301,000 590,000 313,000 337,000 267,000 314,000 278,000 241,000 309,000 203,000 244,000 137,000   200,000    110,000               
      net change in bank owned life insurance
    		-161,000 -159,000 -52,000              -112,000 -115,000 -115,000                      
      deferred income tax (benefit) expense
    		-992,000            -25,000 -2,000                 859,000          
      net change in other assets
    		2,544,000 -6,461,000 114,000 1,081,000 2,835,000 -352,000 5,462,000 -4,185,000 9,482,000 -602,000 560,000 215,000 -231,000 -644,000 370,000 -350,000 -732,000 883,000 457,000 4,363,000 -4,892,000 296,000 -2,171,000   226,000 -96,000 314,000 75,000 235,000 -3,389,000   325,000 -2,886,000   -292,000   
      net change in other liabilities
    		-2,285,000 -1,590,000 -34,000 -647,000 -784,000 -1,481,000 2,072,000 -641,000 -1,338,000 -873,000 587,000 170,000 -93,000 59,000 985,000 250,000 -339,000 964,000 555,000 1,615,000 -948,000 351,000 -1,297,000   342,000 -272,000 958,000 -1,782,000 1,256,000 -472,000   332,000 116,000   868,000   
      net cash from operating activities
    		9,943,000 -528,000 16,066,000 11,535,000 2,451,000 7,761,000 19,929,000 2,395,000 5,676,000 4,680,000 8,602,000 7,735,000 5,239,000 5,926,000 7,976,000 10,066,000 -153,000 6,519,000 6,808,000 12,166,000 -4,622,000 6,530,000 4,359,000   5,633,000 3,642,000 3,080,000 807,000 4,296,000 1,798,000   1,922,000 1,292,000   3,241,000  2,748,000 
      capex
    		0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0   -103,000 0 -789,000 -826,000 -273,000 0   -1,189,000 0   -397,000  0 
      free cash flows
    		9,943,000 -528,000 16,066,000 11,535,000 2,451,000 7,761,000 19,929,000 2,395,000 5,676,000 4,680,000 8,602,000 7,735,000 5,239,000 5,926,000 7,976,000 10,066,000 -153,000 6,519,000 6,808,000 12,166,000 -4,622,000 6,530,000 4,359,000   5,530,000 3,642,000 2,291,000 -19,000 4,023,000 1,798,000   733,000 1,292,000   2,844,000  2,748,000 
      cash flows from investing activities:
    		                                        
      proceeds from sales of securities available for sale
    		13,180,000    0 5,811,000 0 0   0 35,541,000 0 22,066,000 500,000 41,519,000 -3,550,000 12,867,000 0 0   0    2,143,000        0     215,000 
      proceeds from maturities, calls and paydowns of securities available for sale
    		16,794,000 23,276,000 42,594,000 55,161,000 30,960,000 94,731,000 47,753,000 37,345,000 20,231,000 18,586,000 7,046,000 7,561,000 6,176,000 9,824,000 12,956,000 12,885,000 37,056,000 26,127,000 12,913,000                      
      purchases of securities available for sale
    		 -21,586,000 -67,664,000 -110,388,000 -139,292,000 -58,129,000 -119,229,000 -10,205,000 -19,747,000 -6,565,000 -40,354,000 0 -38,949,000 -27,272,000 -65,153,000  -39,394,000 -54,107,000 -14,952,000 -10,642,000 -18,046,000 -21,953,000 -29,742,000   -26,608,000 -38,373,000 -30,971,000 -39,503,000 -36,232,000 -47,042,000   -42,699,000 -2,369,000   -18,377,000   
      net change in restricted stock
    		3,332,000 -11,000 -428,000 -10,000 -8,000 -52,000 -9,000 -825,000 91,000 -52,000 -8,000 224,000 -242,000 889,000 -601,000 732,000 -7,000 -43,000 -130,000 984,000                     
      net increase in loans
    		-12,430,000 -42,527,000 -40,794,000  71,954,000 -23,295,000 -25,452,000 32,566,000 -31,050,000 -2,321,000 -26,856,000 8,552,000   -40,595,000 -55,067,000 -23,063,000 -28,080,000 2,679,000                      
      net change in collateral with other financial institutions
    		                                        
      proceeds from sale of premises and equipment
    		 0 4,000 715,000 0      1,000 209,000 0 24,000 6,000  0 1,000 0 9,000 0 563,000 303,000                  
      purchases of premises and equipment
    		-74,000 -153,000 -366,000 -167,000 -347,000 -907,000 -1,485,000 -771,000 -906,000 -393,000 -1,401,000 -390,000 -587,000 -345,000 -460,000 -663,000 -120,000 -149,000 -602,000 -21,000 76,000 -649,000 -1,185,000                  
      net cash from investing activities
    		20,802,000 -37,801,000 -66,654,000 -58,206,000 -36,700,000 18,303,000 -98,381,000 58,349,000 25,902,000 9,560,000 -61,469,000 51,869,000 -50,374,000 20,073,000 -92,563,000 -557,000 -28,911,000 -42,699,000 854,000 18,604,000 15,173,000 5,027,000 -23,139,000   6,716,000 -24,257,000 3,362,000 -23,672,000 9,961,000    -33,026,000 2,349,000   -5,791,000  9,687,000 
      cash flows from financing activities:
    		                                        
      net change in noninterest-bearing deposits
    		-48,355,000 23,153,000 15,697,000 28,096,000 9,710,000                                    
      net change in interest-bearing deposits
    		64,246,000 -118,909,000 20,081,000 193,000 130,948,000                                    
      net change in customer repurchase agreements
    		62,850,000 -6,489,000 -2,601,000 14,533,000 645,000 1,639,000 1,551,000 1,702,000 1,277,000 702,000 6,139,000 22,328,000 -3,690,000 -260,000 -32,514,000 8,610,000 11,185,000 1,573,000 -6,544,000 -352,000 -2,538,000 3,076,000         -5,410,000          
      repayment of other short-term borrowings
    		-75,531,000                                        
      common stock dividends paid
    		-3,191,000 -2,989,000 -3,006,000 -3,020,000 -2,968,000 -2,956,000 -2,993,000 -3,001,000 -2,782,000 -2,189,000 -2,180,000 -2,178,000 -2,171,000 -2,173,000 -2,162,000 -2,073,000 -2,068,000 -2,065,000 -1,991,000 -1,803,000 -1,803,000 -1,801,000 -1,795,000                  
      repurchase of common stock
    		-674,000 -1,932,000 -3,395,000 -667,000 0 -4,981,000 -2,008,000          -239,000 -964,000                       
      proceeds from exercise of stock options
    		 0 12,000 3,000 13,000 29,000 79,000 31,000 288,000 290,000 0 86,000 690,000 85,000 -1,000 73,000 42,000 59,000 134,000 73,000 0 45,000 0   172,000 1,000 1,000 1,000 45,000 50,000   16,000 25,000   181,000  99,000 
      net cash from financing activities
    		-655,000 -107,166,000 26,788,000 39,138,000 138,348,000 3,924,000 15,417,000 26,959,000 -47,525,000 -7,634,000 47,079,000 -22,903,000 1,824,000 -1,823,000 33,844,000 32,074,000 14,874,000 28,374,000 -17,459,000 7,961,000 -36,488,000 14,396,000 -5,863,000   8,782,000 11,931,000 -13,347,000 20,378,000 -1,610,000 -2,825,000   38,826,000 -12,729,000   8,774,000  7,102,000 
      net increase in cash and cash equivalents
    		30,090,000 -145,495,000 -23,800,000 -7,533,000 104,099,000 29,988,000 -63,035,000   6,606,000 -5,788,000 36,701,000 -43,311,000 24,176,000 -50,743,000 41,583,000 -14,190,000 -7,806,000 -9,797,000 38,731,000 -25,937,000 25,953,000 -24,643,000 14,353,000 -462,000 21,131,000 -8,684,000 -6,905,000 -2,487,000 12,647,000 -2,400,000 -14,441,000 8,964,000 7,722,000 -9,088,000 4,839,000 3,819,000 6,224,000  19,537,000 
      cash and cash equivalents at beginning of period
    		73,340,000 0 510,868,000 0 0 79,582,000 0 0 0 64,255,000 0 0 0 52,477,000 0 53,207,000 0 95,337,000 0 0 0 28,893,000 0 0 0 18,514,000 0 0 0 23,943,000 0 0 0 24,098,000 0 0 0 18,304,000 0 26,124,000 
      cash and cash equivalents at end of period
    		103,430,000 -145,495,000 487,068,000 -7,533,000 104,099,000 109,570,000 -63,035,000 87,703,000 -15,947,000 70,861,000 -5,788,000 36,701,000 -43,311,000 76,653,000 -50,743,000 94,790,000 -14,190,000 87,531,000 -9,797,000 38,731,000 -25,937,000 54,846,000 -24,643,000 14,353,000 -462,000 39,645,000 -8,684,000 -6,905,000 -2,487,000 36,590,000 -2,400,000 -14,441,000 8,964,000 31,820,000 -9,088,000 4,839,000 3,819,000 24,528,000 -1,736,000 45,661,000 
      recovery of benefit from loan losses
    		                                        
      net income on other real estate owned
    		               3,000                         
      net income on sale or disposal of premises and equipment
    		     82,000                                   
      deferred income tax expense
    		 217,000 641,000  -476,000 800,000 863,000 -17,000 0 222,000 353,000    2,679,000 438,000   1,399,000 419,000 2,475,000 -237,000    41,000        -423,000    13,000   
      proceeds from sales of other real estate owned
    		   70,000 33,000 144,000 41,000 111,000 912,000 225,000 103,000 172,000 589,000 47,000 784,000 37,000 167,000 685,000 946,000                      
      net change in long-term borrowings
    		      0 0            -36,000 -39,000 -37,000 -32,000   -4,038,000 -37,000 -38,000 -37,000 -38,000 -37,000   -37,000 -38,000      
      (recovery of) benefit from loan losses
    		  -758,000                                      
      benefit from (recovery of) loan losses
    		   -1,955,000 585,000    -10,000 16,000 -6,000                              
      net gain on sale or call of securities available for sale
    		    0 -814,000 -32,000 -102,000 -136,000 -4,000 0                              
      net change in fair value of equity securities
    		      0 -3,000 -11,000 -319,000                               
      net (gain) loss on other real estate owned
    		      4,000     30,000 -19,000 -6,000                           
      valuation allowance on other real estate owned
    		      0 12,000 50,000 6,000 2,000 6,000   57,000 26,000 23,000 53,000 23,000                      
      net income on sale, write-down or disposal of premises and equipment
    		                                        
      earnings on bank owned life insurance
    		   -157,000 -204,000 -153,000  -161,000 -158,000 -106,000  -111,000 -108,000 -106,000  -107,000                         
      proceeds from sales of equity securities
    		      0 128,000 237,000 80,000 0 0                             
      proceeds from sales of purchased credit impaired loans
    		    0                                    
      net decrease (increase) in loans
    		   -4,148,000          14,840,000                           
      cash paid in bank acquisition
    		      0 0           0    0                  
      cash acquired in bank acquisition
    		      0 0           0    0                  
      net change in other short-term borrowings
    		      0 -13,528,000   0 -5,500,000 5,500,000 -24,000,000 24,000,000 -20,000,000    0 0 -3,000,000                   
      net gain on other real estate owned
    		     -27,000   -126,000 -8,000       14,000 50,000 -189,000                      
      deferred income tax benefit
    		                 -1,716,000          -201,000 190,000 -300,000           
      net change in subordinated debt
    		                                        
      net (gain) loss on sale or disposal of premises and equipment
    		                                        
      net change in loans held for sale
    		                                        
      benefit from loan losses
    		     953,000       -30,000 -44,000 -74,000 300,000 50,000 50,000 0 333,000 733,000 733,000 1,972,000   337,000 485,000 435,000 285,000 285,000 328,000   350,000 600,000   140,000  303,000 
      net change in interest receivable
    		     173,000 -15,000 766,000 153,000 76,000 -217,000 61,000 -348,000 286,000 -447,000 601,000 -266,000 -592,000 100,000 214,000 -221,000 209,000 -759,000   348,000 3,000 -138,000 -138,000 -175,000 349,000   12,000 328,000   223,000   
      net change in interest payable
    		     80,000 -603,000 -64,000 42,000 51,000 28,000 95,000 -26,000 24,000 12,000 -49,000 5,000 8,000 43,000 -6,000 -33,000 -38,000 128,000   -77,000 28,000 -9,000 -5,000 -31,000 -38,000   17,000 -1,000   -63,000   
      net change in demand, money market, and savings deposits
    		     28,084,000 33,584,000 44,623,000 -15,307,000 -20,932,000 54,523,000 -38,906,000 10,994,000 26,591,000 62,912,000 53,087,000 3,649,000 26,048,000 -8,257,000 15,346,000 -25,280,000 -4,317,000 -5,578,000   17,047,000 8,557,000 -29,434,000 -5,562,000 7,917,000    995,000    4,696,000   
      net change in time deposits
    		     -17,891,000 -14,796,000 -1,730,000 -28,868,000 14,495,000 -11,403,000 1,267,000 -9,499,000 -2,066,000 -8,391,000 -7,623,000 2,305,000 3,723,000 832,000 -5,267,000 -6,828,000 20,430,000 -145,000   6,338,000 5,911,000 24,913,000 26,092,000 -2,569,000 2,747,000   25,755,000 -2,563,000   -4,378,000   
      net (gain) loss on sale of premises and equipment
    		                                        
      recovery of loan losses
    		                                        
      net gain on sale of premises and equipment
    		       2,000   6,000 -63,000 0 -3,000   9,000 -1,000  -9,000 0 -495,000                   
      net decrease in cash and cash equivalents
    		                                        
      net unrealized holding gain on equity securities
    		                                        
      net unrealized holding gains on equity securities
    		                                        
      net gains on sale or call of securities
    		            0 -8,000  -259,000 -222,000 -366,000 -6,000                      
      unrealized holding gains on equity securities
    		            -289,000 -113,000                           
      net gain on sale or call of securities
    		                         -1,000 -84,000 -67,000 -4,000 -2,000     0   -30,000   
      net income on sale of premises and equipment
    		                                        
      equity-based compensation expense
    		                                        
      net accretion of purchase accounting adjustments
    		                  -833,000                      
      net amortization (accretion) of securities
    		                  693,000 813,000 875,000 792,000                   
      net gain on sale of loans held for sale
    		                  -290,000                      
      repurchase of stock
    		                  -1,633,000            0   -121,000 -117,000   -599,000   
      adjustments to reconcile net income to net
    		                                        
      cash from operating activities:
    		                                        
      net accretion of fair value adjustments
    		                   -1,608,000 -2,552,000 -2,754,000                   
      net (gain) loss on sale or call of securities
    		                   0                     
      gain on loans held for sale
    		                   -543,000        -379,000 -301,000 -222,000    -249,000    -166,000   
      net gain on foreclosed real estate
    		                           -5,000             
      valuation allowance on foreclosed real estate
    		                   60,000 214,000 5,000                   
      stock-based compensation expense
    		                     16,000 15,000   16,000 229,000 15,000 16,000 16,000 15,000   15,000       
      equity based compensation
    		                   154,000        54,000 53,000 53,000           
      proceeds from maturities and calls of securities available for sale
    		                   18,754,000 17,099,000 16,475,000 12,606,000   29,423,000 12,014,000 34,254,000 20,747,000 33,857,000 34,089,000   8,995,000    15,342,000  13,522,000 
      proceeds from maturities and calls of securities held to maturity
    		                      315,000   190,000 760,000 154,000 418,000 727,000 13,000   311,000    952,000  398,000 
      net decrease in loans
    		                   8,289,000 9,701,000 9,485,000      -319,000             
      proceeds from sales of foreclosed real estate
    		                   1,231,000 2,383,000 1,106,000 1,069,000   340,000  34,000 0 122,000    169,000    75,000   
      purchases of foreclosed real estate
    		                                        
      cash acquired in bank acquisiton
    		                                        
      preferred stock dividends paid
    		                      -52,000                  
      the accompanying notes are an integral part of the consolidated financial statements.
    		                                        
      net (gain) loss on foreclosed real estate
    		                    -133,000 -248,000                   
      net change in trust preferred capital notes
    		                      22,000                  
      impairment of securities
    		                          0 0 0 31,000           
      proceeds from sales of securities held to maturity
    		                          428,000              
      increase in other real estate owned
    		                                        
      repurchase of preferred stock
    		                                        
      net change in valuation allowance on foreclosed real estate
    		                         10,000 173,000 0             
      net change in loans
    		                         3,474,000    11,760,000    1,387,000    -3,386,000   
      net change in repurchase agreements
    		                         -3,213,000  -7,380,000 1,293,000 -5,557,000    9,027,000    10,288,000   
      net change in short-term borrowings
    		                         -6,110,000        4,590,000       
      net income on sale of foreclosed real estate
    		                         12,000               
      purchases of bank property and equipment
    		                         -103,000  -789,000 -826,000 -273,000    -1,189,000    -397,000   
      cash dividends paid
    		                         -1,414,000 -1,410,000 -1,409,000 -1,409,000 -1,408,000 -1,406,000   -1,399,000 -1,400,000   -1,402,000   
      net amortization (accretion) of bond premiums and discounts
    		                          213,000 170,000 85,000 41,000 -13,000   -67,000       
      net gain on sale of foreclosed real estate
    		                                        
      net income on foreclosed real estate
    		                             3,000    1,179,000    7,000   
      net change in demand, money market,
    		                                        
      and savings deposits
    		                                       18,137,000 
      change in valuation allowance for foreclosed real estate
    		                                        
      increase in foreclosed real estate
    		                                        
      net cash (used in) investing activities
    		                                        
      cash paid in acquisition
    		                                        
      cash acquired in acquisition
    		                                        
      gain on sale of premises and equipment
    		                                        
      proceeds from sale of bank property and equipment
    		                                        
      net (accretion) of bond premiums and discounts
    		                                     -64,000   
      net change in fhlb borrowings
    		                                     -12,000   
      accretion of purchase accounting adjustments
    		                                        
      change in interest receivable
    		                                        
      change in other assets
    		                                        
      change in interest payable
    		                                        
      change in other liabilities
    		                                        
      net cash paid in merger acquisition
    		                                        
      net change in borrowings
    		                                        
      supplemental schedule of cash and cash equivalents:
    		                                        
      cash and due from banks
    		                                       22,844,000 
      interest bearing deposits in other banks
    		                                        
      supplemental disclosure of cash flow information:
    		                                        
      interest paid
    		                                       4,811,000 
      income taxes paid
    		                                        
      transfer of loans to other real estate owned
    		                                        
      unrealized gain on securities available for sale
    		                                       722,000 
      merger acquisition
    		                                        
      fair value of assets acquired
    		                                        
      fair value of common stock issued
    		                                        
      cash paid
    		                                        
      liabilities assumed
    		                                        
      increase in interest receivable
    		                                        
      decrease in other assets
    		                                       802,000 
      increase in interest payable
    		                                        
      decrease in other liabilities
    		                                        
      net increase in demand, money market,
    		                                        
      net decrease in time deposits
    		                                        
      net increase in repurchase agreements
    		                                       11,158,000 
      net decrease in fhlb borrowings
    		                                        
      cash:
    		                                        
      interest-bearing deposits in other banks
    		                                       22,817,000 
      increase in other assets
    		                                        
      increase in other liabilities
    		                                        
      purchases of securities held to maturity
    		                                        
      net decrease in repurchase agreements
    		                                        
      net increase in fhlb borrowings
    		                                        
      net increase in other borrowings
    		                                        
      transactions related to the merger acquisition:
    		                                        
      increase in assets and liabilities
    		                                        
      securities
    		                                        
      loans
    		                                        
      bank premises and equipment
    		                                        
      goodwill and core deposit intangibles
    		                                        
      accrued interest receivable and other assets
    		                                        
      demand deposits - noninterest bearing
    		                                        
      demand deposits - interest bearing
    		                                        
      borrowings
    		                                        
      accrued interest payable and other liabilities
    		                                        
      issuance of common stock
    		                                        
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.