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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net earnings $ 2,367 $ 3,667
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation, amortization and accretion 1,038 942
Provision for loan losses 1,521 178
Deferred income taxes (8) (2)
Gain on sale of investment securities 0 (231)
Restricted stock expense (77) 110
Proceeds from sales of mortgage loans held for sale 14,876 6,098
Origination of mortgage loans held for sale (16,608) (5,779)
Change in:    
Cash surrender value of life insurance (95) (95)
Right of use lease asset 195 200
Other assets (8) 2,539
Lease liability (189) (200)
Other liabilities (1,125) (3,203)
Net cash provided by operating activities 1,887 4,224
Cash flows from investing activities:    
Purchases of investment securities available for sale (10,958) (7,395)
Proceeds from sales, calls and maturities of investment securities available for sale 2,343 15,403
Proceeds from paydowns of investment securities available for sale 5,138 2,871
Proceeds from paydowns on other investments 44 33
Purchases of FHLB stock (3,031) (1)
Net change in loans (30,779) (19,596)
Purchases of premises and equipment (391) (342)
Net cash used in investing activities (37,634) (9,027)
Cash flows from financing activities:    
Net change in deposits 17,441 30,901
Net change in securities sold under agreement to repurchase 4,314 (16,864)
Proceeds from FHLB borrowings 70,000 82,300
Repayments of FHLB borrowings 0 (82,300)
Proceeds from Fed Funds Purchased 6,935 25,065
Repayments of Fed Funds Purchased (6,935) (25,065)
Repayments of Junior Subordinated Debentures (155) 0
Restricted stock units exercised 57 207
Common stock repurchased (2,999) (152)
Cash dividends paid on Series A preferred stock 0 0
Cash dividends paid on common stock (1,779) (1,445)
Net cash provided by financing activities 86,879 12,647
Net change in cash and cash equivalents 51,132 7,844
Cash and cash equivalents at beginning of period 52,387 43,370
Cash and cash equivalents at end of period 103,519 51,214
Cash paid during the period for:    
Interest 994 737
Income taxes 0 0
Noncash investing and financing activities:    
Change in unrealized gain on investment securities available for sale, net 2,090 690
Issuance of accrued restricted stock units 57 207
Initial recognition of lease right-of-use asset and lease liability recorded upon adoption of ASU 2016-02 $ 0 $ 4,401