XML 21 R9.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income $ 4,786 $ 7,221
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 663 681
Net amortization of loans and investment securities 867 733
Provision for loan losses 4,975 399
Decrease (increase) in fair value of equity securities 100 (16)
Debt securities losses (gains), net 10 (253)
Loans originated for sale (28,817) (16,892)
Proceeds from sale of loans 25,602 16,318
Increase in cash surrender value of life insurance (236) (255)
Gains from claim on life insurance policies (812)  
Net operating loss (1,112)  
Stock option compensation 86  
Decrease in other assets (2,459) (70)
Increase in other liabilities (1,081) 643
Net cash provided by operating activities 2,572 8,509
Cash flows from investing activities    
Net increase in long-term interest-bearing deposits in other banks (5,239)  
Proceeds from sales and calls of investment securities available for sale 165 16,955
Proceeds from maturities and pay-downs of securities available for sale 21,049 13,318
Purchase of investment securities available for sale (114,107) (26,319)
Net increase in restricted stock (3) (13)
Net increase in loans (78,056) (9,362)
Proceeds from surrender of life insurance policy 3,623  
Capital expenditures (373) (433)
Net cash used in investing activities (172,941) (5,854)
Cash flows from financing activities    
Net increase in demand deposits, interest-bearing checking, and savings accounts 157,599 5,996
Net (decrease) increase in time deposits (9,638) 24,424
Dividends paid (2,608) (2,509)
Purchase of Treasury shares (1,172) (2,004)
Cash received from option exercises 19 206
Treasury shares issued under dividend reinvestment plan 940 722
Net cash provided by financing activities 145,140 26,835
Decrease in cash and cash equivalents (25,229) 29,490
Cash and cash equivalents at the beginning of the period 83,828 52,957
Cash and cash equivalents at the end of the period 58,599 82,447
Supplemental Disclosures of Cash Flow Information    
Cash paid during the year for: Interest on deposits and other borrowed funds 2,424 3,275
Cash paid during the year for: Income taxes 567  
Noncash Activities    
Lease liabilities arising from obtaining right-of-use assets $ 105 $ 22