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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 5,145 $ 6,023  
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision (credit) for loan losses (127) (426)  
Provision for off-balance sheet commitments 13 0  
Amortization of securities available-for-sale, loans and deposits, net 702 489  
Amortization of intangible assets 146 160  
Depreciation 313 356  
Deferred income taxes 77 93  
Securities (gains), net (35) 0  
Increase in cash value of bank-owned life insurance (17) (17)  
(Gain) on sales of loans held for sale (180) (504)  
Proceeds from loans held for sale 9,191 22,428  
Originations of loans held for sale (9,011) (20,901)  
Amortization of investment in New Markets Tax Credit projects 189 160  
Change in assets and liabilities:      
Decrease in accrued income receivable 794 1,129  
(Increase) decrease in other assets 23 (224)  
Increase (decrease) in accrued expenses and other liabilities (239) 616  
Net cash provided by operating activities 6,984 9,382  
CASH FLOWS FROM INVESTING ACTIVITIES      
Net decrease in interest-bearing time deposits 503 531  
Purchase of securities available-for-sale (61,423) (113,635)  
Proceeds from sale of securities available-for-sale 535 0  
Proceeds from maturities and calls of securities available-for-sale 22,175 25,680  
Purchase of FHLB stock (176) (286)  
Proceeds from the redemption of FHLB stock 125 7  
Net decrease in loans 14,451 9,923  
Purchase of bank premises and equipment (532) (83)  
Net cash (used in) investing activities (24,342) (77,863)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Increase in deposits 81,874 126,358  
Increase in securities sold under agreements to repurchase 51 4,128  
Payments on FHLB borrowings (3,000) 0  
Dividends paid (2,364) (2,281)  
Net cash provided by financing activities 76,561 128,205  
Net increase in cash and cash equivalents 59,203 59,724  
CASH AND CASH EQUIVALENTS      
Beginning 89,129 173,097 $ 173,097
Ending 148,332 232,821 $ 89,129
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Interest 981 1,576  
Income taxes 95 70  
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES      
Transfer of loans receivable to other real estate owned $ 0 $ 10