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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 10,099 $ 10,971 $ 11,229
Adjustments to reconcile net income to net cash (used) provided in operating activities      
Depreciation 1,637 1,598 1,519
Net premium amortization 2,016 2,042 2,243
Provision for loan losses 3,663 139 346
Write-downs of other real estate owned 128
Loss (gain) loss on sale of other real estate owned (147) 3 (24)
Originations of HFS loans (197,608) (139,640) (114,959)
Sales of HFS loans 163,743 131,708 116,829
Amortization of intangibles 363 523 563
(Gain) loss on sale of securities (99) [1] (136) [1] 342
Accretion on acquired loans (271) (492) (620)
Write-down of premises held for sale 282
Write-down of fixed assets 42
Gain on sale of fixed assets (123)
(Increase) decrease in other assets (911) (5,227) 489
Increase in other liabilities 341 3,054 2,097
Net cash (used) provided in operating activities (17,046) 4,825 19,973
Cash flows from investing activities:      
Proceeds from sale of securities available-for-sale 1,200 44,398 44,299
Proceeds from sale of securities held-to-maturity 655
Purchase of investment securities available-for-sale (111,972) (113,064) (64,146)
Purchase of other investment securities (70) (36)  
Maturity/call of investment securities available-for-sale 46,933 40,170 41,564
Proceeds from sale of other investments 604
Increase in loans (106,874) (18,219) (71,266)
Proceeds from sale of other real estate owned 349 47 796
Proceeds from sale of fixed assets 301 1,145
Purchase of property and equipment (1,087) (2,793) (1,465)
Purchase of BOLI (2)
Net cash used in investing activities (171,521) (49,198) (47,814)
Cash flows from financing activities:      
Increase in deposit accounts 201,213 62,716 37,290
Advances from the Federal Home Loan Bank 34,001 82,000 79,000
Repayment of advances from the Federal Home Loan Bank (34,212) (82,020) (93,019)
Increase in securities sold under agreements to repurchase 7,618 5,274 8,752
Deferred compensation shares 200 265 19
Shares Retired (15) (159) (57)
Change in non-vested restricted stock 259 168 204
Dividend reinvestment plan 372 570 362
Repurchase of common stock (5,636)
Proceeds from issuance of common stock 4
Dividends paid on Common Stock (3,573) (3,306) (3,033)
Net cash provided in financing activities 205,867 59,872 29,518
Net increase in cash and cash equivalents 17,300 15,424 1,677
Cash and cash equivalents at beginning of year 47,692 32,268 30,591
Cash and cash equivalents at end of year 64,992 47,692 32,268
Supplemental disclosure:      
Cash paid during the period for: interest 4,258 5,471 3,592
Income Taxes 3,043 2,410 2,215
Non-cash investing and financing activities:      
Unrealized gain (loss) on securities available-for-sale, net of tax 8,797 4,824 (1,890)
Transfer of loans to other real estate owned 114 346
Recognition of operating lease right of use asset 3,260
Recognition of operating lease liability 3,291
Transfer of investment securities held-to-maturity to available-for-sale $ 16,144
[1] Not within the scope of ASC 606