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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Cash Flows from Operating Activities          
Net income $ 3,342 $ 2,243 $ 5,778 $ 3,948  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization of premises and equipment     642 654  
Amortization of core deposit intangibles     19 94  
Amortization of debt issuance costs     1 9  
Origination of loans held for sale     (1,586) (3,183)  
Proceeds from sale of loans held for sale     1,856 3,237  
Net gains on sales of loans held for sale (18) (26) (25) (57)  
(Recovery of) provision for loan losses     (1,000) 1,700 $ 3,000
Net gains on securities available for sale 0 0 (37) 0  
Net gains on sale of other real estate owned     (9) 0 0
Increase in cash value of bank owned life insurance     (212) (214)  
Accretion of discounts and amortization of premiums on securities, net     448 334  
Accretion of premium on time deposits     (6) (17)  
Stock-based compensation     119 168  
Excess tax deficiency (benefit) on stock-based compensation     3 (2)  
Gains on disposal of premises and equipment     (26) (9)  
Deferred income tax expense (benefit)     337 (734)  
Changes in assets and liabilities:          
Decrease (increase) in interest receivable     55 (1,798)  
(Increase) in other assets     (4,992) (195)  
(Decrease) increase in accrued interest payable and other liabilities     (1,950) 177  
Net cash (used in) provided by operating activities     (585) 4,112  
Cash Flows from Investing Activities          
Proceeds from maturities, calls, principal payments, and sales of securities available for sale     21,962 13,930  
Proceeds from maturities, calls, and principal payments of securities held to maturity     3,288 1,364  
Purchase of securities available for sale     (106,060) (13,124)  
Net redemption (purchase) of restricted securities     244 (42)  
Purchase of premises and equipment     (205) (699)  
Proceeds from sale of premises and equipment     32 9  
Proceeds from sale of other real estate owned     139 0  
Net (increase) decrease in loans     11,416 (77,508)  
Net cash used in investing activities     (69,184) (76,070)  
Cash Flows from Financing Activities          
Net increase in demand deposits and savings accounts     76,309 135,860  
Net decrease in time deposits     (4,459) (3,270)  
Proceeds from subordinated debt, net of issuance costs     0 4,990  
Cash dividends paid on common stock, net of reinvestment     (1,092) (1,010)  
Net cash provided by financing activities     70,719 134,452  
Increase in cash and cash equivalents     950 62,494  
Cash and Cash Equivalents          
Beginning     127,297 45,785 45,785
Ending $ 128,247 $ 108,279 128,247 108,279 127,297
Supplemental Disclosures of Cash Flow Information          
Interest     1,168 2,022  
Income taxes     1,205 1,082  
Supplemental Disclosures of Noncash Investing and Financing Activities          
Unrealized (losses) gains on securities available for sale     (1,724) 3,298  
Change in fair value of cash flow hedges     457 (31)  
Transfer from loans to other real estate owned     130 0 $ 0
Issuance of common stock, dividend reinvestment plan     77 70  
First National Corporation 2014 Stock Incentive Plan [Member]          
Cash Flows from Financing Activities          
Repurchase of common stock     (39) (47)  
Stock Repurchase Plan [Member]          
Cash Flows from Financing Activities          
Repurchase of common stock     $ 0 $ (2,071)