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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities    
Net income $ 7,833 $ 4,325
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 665 4,821
Depreciation 1,632 1,625
Stock based compensation 402 169
Gains on sales of other real estate owned (596) (21)
Write-(ups)\downs of other real estate owned (160) 39
Originations of loans held for sale (20,744) (34,298)
Proceeds from sale of loans held for sale 23,707 30,511
Gains from sale of loans held for sale (860) (746)
(Gains)/losses on disposal of fixed assets (16) 18
Net amortization of investment securities discounts and premiums- AFS 516 62
Net amortization of investment securities discounts and premiums- HTM 168 96
Gains on sales/calls of investment securities - AFS (154) (47)
Gain on calls of investment securities - HTM   (60)
Earnings on Bank owned life insurance (579) (588)
Amortization of deferred loan fees (1,979) (1,269)
Amortization of operating lease asset (6) 143
Decrease/(increase) in accrued interest receivable and other assets (502) (3,581)
Deferred tax (benefit)/expense (22) 1
Operating lease liability (13) (151)
Increase in accrued interest payable and other liabilities (2,670) 1,778
Net cash provided by operating activities 6,622 2,827
Investing activities    
Proceeds from maturities/calls of investment securities - AFS 27,285 22,327
Proceeds from maturities/calls of investment securities - HTM 8,744 38,601
Proceeds from sales of investment securities - AFS 13,687 1,080
Purchases of investment securities - AFS (58,516) (37,664)
Purchases of investment securities - HTM (6,332) (18,633)
Proceeds from sales of other real estate owned 3,386 204
Net decrease/(increase) in restricted stock 810 (53)
Net decrease/(increase) in loans 45,193 (132,649)
Purchases of loans (20,100)  
Purchases of premises and equipment (741) (1,254)
Net cash provided by/(used in) investing activities 13,416 (128,041)
Financing activities    
Net increase in deposits 33,745 209,537
Issuance of common stock 46 99
Cash dividends on common stock (1,906) (1,830)
Net increase/(decrease) in short-term borrowings 246 (12,727)
Stock repurchase (7,179) (2,754)
Net cash provided by financing activities 24,952 192,325
Increase in cash and cash equivalents 44,990 67,111
Cash and cash equivalents at beginning of the year 149,432 49,979
Cash and cash equivalents at end of period 194,422 117,090
Supplemental information    
Interest paid 3,561 5,206
Taxes paid $ 3,487 75
Non-cash investing activities:    
Transfers from loans to other real estate owned   $ 21