XML 19 R9.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Mar. 31, 2021
Sep. 30, 2020
Mar. 31, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Cash flows from operating activities:              
Net income $ 4,748 $ 3,255 $ 2,652 $ 1,794 $ 11,546 $ 6,663  
Adjustments to reconcile net income to net cash provided (used) from operating activities:              
Depreciation         1,276 1,218  
Net premium amortization         1,694 1,504  
Provision for loan losses 49   1,062   394 3,387 $ 3,663
Origination of loans held-for-sale         (107,648) (140,972)  
Sale of loans held-for-sale         146,455 114,540  
Write-down of other real estate owned         50 78  
Gain on sale of fixed assets         (13)  
Gain on sale of other real estate owned   (141)   (77) (147)  
Gain on sale of securities   (99)   (99)  
Amortization of intangibles 52   95   161 295  
Accretion on acquired loans         (112) (230)  
Loss (gain) on fair value of equity investments         (2) 2  
Increase (decrease) in other assets         1,108 (1,704)  
Decrease in other liabilities         (894) (510)  
Net cash provided (used) from operating activities         53,938 (15,975)  
Cash flows from investing activities:              
Purchase of investment securities available-for-sale         (201,414) (34,059)  
Purchase of other investment securities         (62) (70)  
Maturity/call of investment securities available-for-sale         37,613 34,429  
Increase in loans         (37,153) (107,163)  
Proceeds from sale of securities available-for-sale         2,200  
Proceeds from sale of other securities         355  
Proceeds from sale of fixed assets         724  
Proceeds from sale of other real estate owned         201 227  
Purchase of property and equipment         (486) (737)  
Net cash used in investing activities         (200,222) (105,173)  
Cash flows from financing activities:              
Increase in deposit accounts         144,155 185,350  
Increase in securities sold under agreements to repurchase         18,907 13,846  
Advances from the Federal Home Loan Bank         34,001  
Repayment of advances from Federal Home Loan Bank         (34,212)  
Shares retired / forfeited   (70)   (15) (70) (15)  
Dividends paid: Common Stock         (2,693) (2,678)  
Issuance of deferred compensation shares         90 200  
Proceeds from issuance of Common Stock         46 4  
Change in non-vested restricted stock 94 84 69 52 271 190  
Dividend reinvestment plan         280 280  
Net cash provided from financing activities         160,986 196,966  
Net increase in cash and cash equivalents         14,702 75,818  
Cash and cash equivalents at beginning of period   $ 64,992   $ 47,692 64,992 47,692 47,692
Cash and cash equivalents at end of period $ 79,694   $ 123,510   79,694 123,510 $ 64,992
Cash paid during the period for:              
Interest         2,850 3,429  
Income taxes         3,827 2,688  
Non-cash investing and financing activities:              
Unrealized gain (loss) on securities, net of tax         (6,694) 8,406  
Transfer of loans to foreclosed property         $ 145 $ 78