XML 19 R9.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities    
Net income $ 2,862 $ 2,441
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 252 258
Amortization of other assets 98 103
Provision for (Recovery of) Loan Losses 599 (97)
Loss (gain) on other real estate owned 10 (132)
(Gain) on the sale of securities (76)  
Stock-based compensation expense 147 114
Premium amortization on securities, net 383 145
Changes in assets and liabilities:    
(Increase) in other assets (318) (16)
(Decrease) in other liabilities (76) (919)
Net cash provided by operating activities 3,881 1,897
Cash Flows from Investing Activities    
Proceeds from maturities, calls, and principal payments of securities available for sale 17,485 12,032
Proceeds from the sale of securities available for sale 2,978 0
Purchases of securities available for sale (32,356)  
Purchases of restricted investments   (71)
Purchases of bank-owned life insurance   (12,000)
Purchases of bank premises and equipment (349) (140)
Proceeds from the sale of other real estate owned 155 183
Net (increase) in loans (38,629) (29,071)
Net cash (used in) investing activities (50,716) (29,067)
Cash Flows from Financing Activities    
Net increase in noninterest bearing demand deposits, savings, and interest bearing demand deposits 55,631 15,839
Net (decrease) increase in time deposits (740) 2,616
Repurchase and retirement of common stock (83) (1,116)
Cash dividends paid (743) (783)
Net cash provided by financing activities 54,065 16,556
Increase (decrease) in cash and cash equivalents 7,230 (10,614)
Cash and Cash Equivalents    
Beginning 79,920 33,659
Ending 87,150 23,045
Supplemental Disclosures of Cash Flow Information    
Interest 513 1,109
Supplemental Schedule of Noncash Investing and Financing Activities:    
Unrealized (loss) gain on securities available for sale (2,775) 3,565
Other real estate and repossessed assets acquired in settlement of loans 73 310
Issuance of common stock, dividend investment plan $ 181 111
Lease liabilities arising from right-of-use assets   $ 549