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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 1,794 $ 2,495  
Adjustments to reconcile net income to net cash provided in operating activities:      
Depreciation 403 393  
Net premium amortization 521 539  
Provision for loan losses 1,075 105 $ 139
Originations of HFS loans (34,427) (25,345)  
Sales of HFS loans 33,645 21,269  
Amortization of intangibles 105 132  
Accretion on acquired loans (106) (143)  
Loss on sale of securities [1] 29  
Increase in other assets (80) (3,273)  
(Decrease) Increase in other liabilities (363) 1,634  
Net cash (used) provided from operating activities 2,567 (2,165)  
Cash flows from investing activities:      
Purchase of investment securities available-for-sale (11,882) (5,419)  
Purchase of other investment securities (70) (207)  
Maturity/call of investment securities available-for-sale 13,606 7,969  
Proceeds from sale of securities available-for-sale 7,137  
(Increase) decrease in loans (12,495) 152  
Proceeds from sale of fixed assets 301  
Purchase of property and equipment (214) (1,178)  
Net cash (used) provided in investing activities (11,055) 8,755  
Cash flows from financing activities:      
Decrease in deposit accounts (1,555) (5,735)  
Increase in securities sold under agreements to repurchase 12,745 3,985  
Advances from the Federal Home Loan Bank 10,001 56,000  
Repayment of advances from Federal Home Loan Bank (10,212) (54,005)  
Shares retired (15) (156)  
Dividends paid on Common Stock (891) (840)  
Proceeds from issuance of Common Stock 4  
Dividend reinvestment plan 95 100  
Net cash provided (used) from financing activities 10,172 (651)  
Net increase in cash and cash equivalents 1,684 5,939  
Cash and cash equivalents at beginning of period 47,692 32,268 32,268
Cash and cash equivalents at end of period 49,376 38,207 $ 47,692
Cash paid during the period for:      
Interest 1,462 1,293  
Income taxes  
Non-cash investing and financing activities:      
Unrealized (loss) gain on securities available-for-sale, net of tax 5,871 2,917  
Recognition of operating lease right of use asset 2,846  
Recognition of operating lease liability 2,849  
Transfer of investment securities held-to-maturity to available-for-sale 16,144  
Transfer of loans to foreclosed property $ 78  
[1] Not within the scope of ASC 606