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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities    
Net income $ 2,441 $ 2,571
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 258 231
Amortization of other assets 103 58
(Recovery of) Provision for Loan Losses (97) 194
(Gain) on other real estate owned (132) 0
(Gain) on the sale and disposal of premises and equipment 0 (120)
Loss on the sale of securities 0 3
Stock-based compensation expense 114 86
Premium amortization on securities, net 145 99
Changes in assets and liabilities:    
(Increase) in other assets (16) (47)
(Decrease) in other liabilities (919) (1,050)
Net cash provided by operating activities 1,897 2,025
Cash Flows from Investing Activities    
Proceeds from maturities calls and principal payments of securities available for sale 12,032 2,431
Proceeds from the sale of securities available for sale 0 3,818
Purchases of securities available for sale 0 (3,888)
Purchases of restricted investments (71) 0
Purchases of bank-owned life insurance (12,000) 0
Purchases of bank premises and equipment (140) (494)
Proceeds from the sale of other real estate owned 183 0
Proceeds from the sale of bank premises and equipment 0 258
Net (increase) in loans (29,071) (12,346)
Net cash (used in) investing activities (29,067) (10,221)
Cash Flows from Financing Activities    
Net increase in noninterest bearing demand deposits, savings, and interest bearing demand deposits 15,839 3,714
Net increase in time deposits 2,616 621
Net (decrease) in federal funds purchased 0 (1,516)
Repurchase and retirement of common stock (1,116) (47)
Cash dividends paid (783) (714)
Net cash provided by financing activities 16,556 2,058
(Decrease) in cash and cash equivalents (10,614) (6,138)
Cash and Cash Equivalents    
Beginning 33,659 18,353
Ending 23,045 12,215
Supplemental Disclosures of Cash Flow Information    
Interest 1,109 954
Income taxes 0 0
Supplemental Schedule of Noncash Investing and Financing Activities:    
Unrealized gain on securities available for sale 3,565 2,140
Other real estate and repossessed assets acquired in settlement of loans 310 0
Issuance of common stock, dividend investment plan 110 116
Lease liabilities arising from right-of-use assets $ 549 $ 3,751