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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 3,489 $ 3,255  
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Depreciation 437 431  
Net premium amortization 707 554  
(Release of) provision for loan losses (125) 177 $ 335
Write-downs of other real estate owned 19  
Origination of loans held-for-sale (28,731) (42,664)  
Sale of loans held-for-sale 23,756 64,203  
Gain on sale of other real estate owned (77)  
Amortization of intangibles 39 57  
Accretion on acquired loans (14) (36)  
Loss on fair value of securities (2)  
(Increase) decrease in other assets (1,270) 735  
Increase (decrease) in other liabilities 88 (670)  
Net cash (used in) provided by operating activities (1,605) 25,963  
Cash flows from investing activities:      
Purchase of investment securities available-for-sale (57,492) (67,287)  
Purchase of other investment securities (94)  
Maturity/call of investment securities available-for-sale 20,654 12,953  
Proceeds from sales of other investments 355  
Increase in loans (12,072) (24,873)  
Proceeds from sale of other real estate owned 201  
Purchase of property and equipment (119) (126)  
Net disposal of property and equipment 16  
Net cash used in investing activities (49,107) (78,777)  
Cash flows from financing activities:      
Increase in deposit accounts 69,457 82,027  
Increase in securities sold under agreements to repurchase 13,844 19,405  
Shares retired / forfeited (42) (70)  
Dividends paid:  Common Stock (977) (896)  
Proceeds from issuance of Common Stock 28 46  
Change in non-vested restricted stock 79 84  
Dividend reinvestment plan 93 92  
Net cash provided by  financing activities 82,482 100,688  
Net increase in cash and cash equivalents 31,770 47,874  
Cash and cash equivalents at beginning of period 69,022 64,992 64,992
Cash and cash equivalents at end of period 100,792 112,866 $ 69,022
Supplemental disclosure:      
Interest 532 1,053  
Income taxes  
Non-cash investing and financing activities:      
Unrealized loss on securities (18,288) (6,161)  
Transfer of loans to foreclosed property