XML 18 R8.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 6,086 $ 7,479 $ 7,479
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Net decrease (increase) in deferred loan fees 208 (559)  
Depreciation 204 223  
Accretion (336) (327)  
Amortization 2,319 1,633  
Stock-based compensation 97 101  
(Reversal of) provision for credit losses 0 (1,800)  
Net gain on disposal of premises and equipment 0 (2)  
Net change in equity securities 345 134  
Increase in bank-owned life insurance, net of expenses (242) (173)  
Net decrease (increase) in accrued interest receivable and other assets 1,574 (504)  
Net (decrease) increase in accrued interest payable and other liabilities (10,249) 69  
(Provision) benefit for deferred income taxes (435) 105  
Net cash (used in) provided by operating activities (635) 6,379  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sales or calls 132,991 0  
Proceeds from maturity and principal repayments of available-for-sale investment securities 18,435 11,331  
Net decrease in loans 27,125 13,507  
Purchases of premises and equipment (2) (344)  
Proceeds from sale of premises and equipment 0 2  
Net cash used in investing activities (107,836) (60,189)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase in demand, interest bearing and savings deposits 44,891 200,112  
Net decrease in time deposits (5,328) (419)  
Purchase and retirement of common stock 4,486 0  
Proceeds from stock issued under employee stock purchase plan 57 56  
Proceeds from exercise of stock options 132 1  
Cash dividend payments on common stock (1,425) (1,377)  
Net cash provided by financing activities 33,841 198,373  
(Decrease) increase in cash and cash equivalents (74,630) 144,563  
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 163,467 70,278 $ 70,278
CASH AND CASH EQUIVALENTS AT END OF PERIOD 88,837 214,841  
Cash paid during the period for:      
Interest 172 298  
Operating cash flows from operating leases 575 562  
Payments to Acquire Debt Securities, Available-for-sale (286,385) (84,685)  
Debt Securities, Available-for-sale, Realized Gain (Loss) $ (206) $ 0