XML 18 R8.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income $ 3,012 $ 4,830
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 267 324
Net amortization of loans and investment securities 711 124
Amortization of subordinate debt issuance costs 10 10
(Provision for loan losses   (800)
Change in fair value of equity securities (11) (54)
Loans originated for sale (14,086) (28,992)
Proceeds from sale of loans 14,025 34,521
Gain on sale of loans held for sale (254) (782)
Increase in cash surrender value of life insurance (108) (115)
Increase in fair value of derivative (8) (23)
Stock option compensation 70 48
(Increase) decrease in other assets (581) 691
Increase in other liabilities 1,399 667
Net cash provided by operating activities 4,446 10,449
Cash flows from investing activities    
Net (Increase) decrease in long-term interest-bearing deposits in other banks (250) 1,746
Proceeds from maturities and pay-downs of securities available for sale 1,227 9,367
Purchase of investment securities available for sale (11,525) (45,827)
Net increase in restricted stock (12)  
Net (increase) decrease in loans (1,978) 9,439
Capital expenditures (4,261) (168)
Net cash used in investing activities (16,799) (25,443)
Cash flows from financing activities    
Net increase in demand deposits, interest-bearing checking, and savings accounts 17,029 69,285
Net decrease in time deposits (5,002) (2,816)
Dividends paid (1,421) (1,318)
Purchase of Treasury shares (20) (13)
Cash received from option exercises 13 7
Treasury shares issued under dividend reinvestment plan 314 325
Net cash provided by financing activities 10,913 65,470
(Decrease) increase in cash and cash equivalents (1,440) 50,476
Cash and cash equivalents at the beginning of the period 175,149 57,146
Cash and cash equivalents at the end of the period 173,709 107,622
Supplemental Disclosures of Cash Flow Information    
Cash paid during the year for: Interest on deposits and other borrowed funds 475 $ 513
Noncash Activities    
Lease liabilities arising from obtaining right-of-use assets $ 30