In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Operating Activities | | | | | | | |
Net income | 29.6 | 23.2 | 19.3 | 8.2 | 25.0 | 23.8 | 16.8 |
|
Adjustments to reconcile net income to net cash provided by operating activities | | | | | | | |
Depreciation and amortization | 1.4 | 1.0 | 1.1 | 0.8 | 1.1 | 1.1 | 0.8 |
|
Provision for credit losses | | | | | | | |
Amortization of premiums and discounts on securities | 0.8 | 0.0 | | | | | |
Gain on sales of loans | -0.5 | -0.4 | -0.2 | -0.2 | -0.2 | -0.2 | -0.1 |
Stock-based compensation expense | 1.4 | 0.9 | 0.8 | 12.1 | 0.2 | | |
Gain on sale of premises and equipment | 0.0 | 0.0 | 0.0 | 0.2 | | | |
Cash receipts from the sale of loans originated for sale | 33.8 | 24.0 | 8.9 | 7.7 | 8.2 | 9.1 | 2.1 |
Cash disbursements for loans originated for sale | -32.8 | -23.7 | -8.0 | -8.1 | -8.1 | -9.1 | -2.2 |
Deferred income tax benefit | -1.4 | 0.2 | -0.9 | 0.0 | -1.1 | | |
|
Changes in | | | | | | | |
Interest receivable and other assets | -1.9 | 0.9 | -0.2 | 1.1 | -1.4 | -0.4 | 0.0 |
Interest payable and other liabilities | 4.7 | -0.3 | -0.9 | -2.4 | 3.2 | 0.3 | 0.5 |
Net cash provided by operating activities | 39.7 | 30.0 | 25.2 | 19.2 | 27.0 | 25.9 | 19.4 |
|
Investing Activities | | | | | | | |
Maturities of interest-bearing time deposits in other banks | 2.5 | 13.2 | 28.2 | 18.6 | 3.9 | 1.7 | 1.5 |
Purchases of interest-bearing time deposits in other banks | -4.7 | | -14.4 | -17.0 | -5.5 | -2.5 | -1.7 |
Proceeds from sale of available-for-sale debt securities | 11.8 | 1.2 | | | | | |
Maturities, prepayments and calls of available-for-sale debt securities | 19.7 | 0.3 | | | | | |
Purchases of available-for-sale debt securities | -133.1 | | | | | | |
Net change in loans | -242.1 | -78.0 | -132.9 | -107.5 | -37.0 | -61.7 | -42.6 |
Purchases of premises and equipment | -0.3 | -0.6 | -0.4 | -3.1 | -0.4 | -4.0 | -2.3 |
Proceeds from sale of premises and equipment | 3.4 | 0.0 | 0.0 | 0.4 | 1.3 | | |
Change in nonmarketable equity securities | 0.0 | 0.0 | -0.1 | 0.0 | | | |
Net cash used in investing activities | -342.8 | -43.5 | -119.6 | -108.1 | -37.6 | -65.8 | -44.3 |
|
Financing Activities | | | | | | | |
Net change in deposits | 211.8 | 68.5 | 148.0 | 81.6 | 50.1 | 76.3 | 40.8 |
Cash distributions | -4.4 | -4.0 | -7.8 | -1.0 | -56.2 | -9.7 | -7.0 |
Net cash provided by financing activities | 207.3 | 64.5 | 131.2 | 77.9 | 38.6 | 65.7 | 33.0 |
Net Increase/(Decrease) in Cash and Due from Banks | -95.7 | 51.0 | 36.8 | | | | |
|
Supplemental Disclosure of Cash Flows Information | | | | | | | |
Interest paid | 9.1 | 3.2 | 6.5 | 9.3 | 7.3 | 4.7 | 3.3 |
Income taxes paid | 10.0 | 7.5 | 7.7 | 6.8 | | | |
Measurement period goodwill adjustment | 0.1 | | | | | | |