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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities    
Net income $ 5,260 $ 4,697
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 516 461
Amortization of other assets 216 115
Provision for Loan Losses 655 450
(Gain) loss on other real estate owned (132) 70
(Gain) on the sale and disposal of premises and equipment 0 (120)
Loss on the sale of repossessed assets (2) 0
(Gain) loss on the sale of securities (529) 3
Stock-based compensation expense 228 202
Premium amortization on securities, net 371 219
Changes in assets and liabilities:    
(Increase) in other assets (2,650) (875)
(Decrease) in other liabilities (148) (956)
Net cash provided by operating activities 3,789 4,266
Cash Flows from Investing Activities    
Proceeds from maturities calls and principal payments of securities available for sale 23,895 8,239
Proceeds from the sale of securities available for sale 24,893 7,953
Purchases of securities available for sale (25,636) (9,989)
Proceeds from the sale of restricted investments 2,125 0
Purchases of restricted investments (2,196) (31)
Purchases of bank-owned life insurance (12,000) 0
Purchases of bank premises and equipment (266) (667)
Proceeds from the sale of other real estate owned 183 36
Proceeds from the sale of bank premises and equipment 0 257
Proceeds from the sale of repossessed assets 13 0
Net (increase) in loans (143,762) (33,255)
Net cash (used in) investing activities (132,751) (27,457)
Cash Flows from Financing Activities    
Net increase in noninterest bearing demand deposits, savings, and interest bearing demand deposits 135,659 22,090
Net increase in time deposits 707 5,730
Net (decrease) in federal funds purchased 0 (1,871)
Issuance of common stock employee benefit plan 86 138
Repurchase and retirement of common stock (1,116) (1,498)
Cash dividends paid (1,670) (1,390)
Net cash provided by financing activities 133,666 23,199
Increase in cash and cash equivalents 4,704 8
Cash and Cash Equivalents    
Beginning 33,659 18,353
Ending 38,363 18,361
Supplemental Disclosures of Cash Flow Information    
Interest 2,048 2,008
Income taxes 168 0
Supplemental Schedule of Noncash Investing and Financing Activities:    
Unrealized gain on securities available for sale 3,108 3,790
Other real estate and repossessed assets acquired in settlement of loans 325 15
Issuance of common stock, dividend investment plan 111 295
Lease liabilities arising from right-of-use assets $ 549 $ 3,751