XML 18 R8.htm IDEA: XBRL DOCUMENT v3.20.2
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Statement of Cash Flows [Abstract]    
Interest Paid, Excluding Capitalized Interest, Operating Activities $ 7,957 $ 8,760
OPERATING ACTIVITIES    
Net income 7,251 7,684
Undistributed Earnings Of Equity Method And Other Investments 31 76
Reconciliation of net income to net cash provided by operating activities:    
Provision for loan losses 893 (145)
Depreciation 1,319 1,476
Amortization of OMSR 302 118
Amortization of acquisition intangibles 26 38
Net amortization of AFS securities 925 882
Debt Securities, Available-for-sale, Realized Gain (Loss) (71) 0
Net gain on sale of mortgage loans (617) (209)
Mortgage Servicing Rights (MSR) Impairment (Recovery) 316 44
Bank Owned Life Insurance Income, Net of Expense 233 357
Other Real Estate, Foreclosed Assets, and Repossessed Assets, Valuation Adjustments 43 11
Bank Owned Life Insurance Income, From Policy Redemption (873) 0
Share-based payment awards under equity compensation plan 233 271
Proceeds from loan sales (49,092) (14,110)
Proceeds from loan sales 45,162 13,305
Net changes in operating assets and liabilities which provided (used) cash:    
Accrued interest receivable (1,214) 735
Other assets 1,686 1,700
Accrued interest payable and other liabilities 667 756
Net cash provided by (used in) operating activities 6,606 12,101
Activity in AFS securities    
Proceeds from Sale of Debt Securities, Available-for-sale 26,855 0
Maturities and calls 47,027 43,296
Purchases (17,012) (8,963)
Net loan principal (originations) collections (98,131) (48,585)
Proceeds from sales of foreclosed assets 84 330
Purchases of premises and equipment (819) (615)
Payment to Acquire Life Insurance Policy, Investing Activities (625) 0
Proceeds from Life Insurance Policy 2,185 0
Payments to Acquire Other Investments (383) (149)
Net cash provided by (used in) investing activities (40,819) (14,686)
FINANCING ACTIVITIES    
Net increase (decrease) in deposits 126,827 (11,275)
Increase in other borrowed funds (39,731) (19,837)
Cash dividends paid on common stock (4,249) (4,093)
Proceeds from issuance of common stock 2,343 2,436
Common stock repurchased (1,195) (1,339)
Common stock purchased for deferred compensation obligations (970) (816)
Increase (decrease) in cash and cash equivalents 48,812 (37,509)
Cash and cash equivalents at beginning of period 60,572 73,471
Cash and cash equivalents at end of period 109,384 35,962
Net cash provided by (used in) financing activities 83,025 (34,924)
SUPPLEMENTAL NONCASH INFORMATION:    
Transfers of loans to foreclosed assets $ 361 $ 477