XML 19 R9.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities    
Net income $ 5,865 $ 5,260
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 502 516
Amortization of other assets 218 216
Origination of loans held for sale (5,655)  
Proceeds from sale of loans held for sale 4,734  
Net gains on sales of loans (359)  
Provision for Loan Losses 883 655
Loss (gain) on other real estate owned 102 (132)
Loss on the sale of repossessed assets   2
(Gain) on the sale of securities (24) (529)
Stock-based compensation expense 306 228
Premium amortization on securities, net 726 371
Changes in assets and liabilities:    
(Increase) in other assets (1,956) (2,650)
Increase (decrease) in other liabilities 164 (148)
Net cash provided by operating activities 5,506 3,789
Cash Flows from Investing Activities    
Proceeds from maturities, calls, and principal payments of securities available for sale 31,404 23,895
Proceeds from the sale of securities available for sale 15,885 24,893
Purchases of securities available for sale (62,257) (25,636)
Proceeds from the sale of restricted investments 222 2,125
Purchases of restricted investments   (2,196)
Purchases of bank-owned life insurance (10,000) (12,000)
Purchases of bank premises and equipment (404) (266)
Proceeds from the sale of other real estate owned 155 183
Proceeds from the sale of repossessed assets   13
Proceeds from sales of loans 18,182  
Origination of loans net of principal collected (58,964) (143,762)
Net cash (used in) investing activities (65,777) (132,751)
Cash Flows from Financing Activities    
Net increase in noninterest bearing demand deposits, savings, and interest bearing demand deposits 88,880 135,659
Net (decrease) increase in time deposits (2,580) 707
Issuance of common stock, employee benefit plan 133 86
Repurchase and retirement of common stock (108) (1,116)
Cash dividends paid (1,511) (1,670)
Net cash provided by financing activities 84,814 133,666
Increase in cash and cash equivalents 24,543 4,704
Cash and Cash Equivalents    
Beginning 79,920 33,659
Ending 104,463 38,363
Supplemental Disclosures of Cash Flow Information    
Interest 960 2,048
Income taxes 1,164 168
Supplemental Schedule of Noncash Investing and Financing Activities:    
Unrealized (loss) gain on securities available for sale (2,730) 3,108
Other real estate and repossessed assets acquired in settlement of loans 73 325
Issuance of common stock, dividend investment plan $ 339 111
Lease liabilities arising from right-of-use assets   $ 549