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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net earnings $ 9,437 $ 11,101
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation, amortization and accretion 3,080 2,949
Provision for loan losses 3,460 677
Deferred income taxes (25) (7)
Gain on sale of investment securities (2,145) (226)
Loss (gain) on sale of other real estate 0 1
Write-down of other real estate 47 18
Loss on sale of premises and equipment 0 138
Restricted stock expense (73) 201
Proceeds from sales of mortgage loans held for sale 78,526 34,002
Origination of mortgage loans held for sale (83,069) (37,585)
Change in:    
Cash surrender value of life insurance (283) (286)
Right of use lease asset 525 585
Other assets (219) (790)
Lease liability (508) (935)
Other liabilities (677) (765)
Net cash provided by operating activities 8,076 9,077
Cash flows from investing activities:    
Purchases of investment securities available for sale (90,233) (36,515)
Proceeds from sales, calls and maturities of investment securities available for sale 52,289 36,700
Proceeds from paydowns of investment securities available for sale 14,635 11,416
Purchases of other investments 0 0
Proceeds from paydowns on other investments 132 132
Purchases of FHLB stock (3,031) (2,976)
Net change in loans (120,781) (42,146)
Purchases of premises and equipment (2,298) (2,800)
Purchases of bank owned life insurance (140) 0
Proceeds from sale of premises and equipment 0 697
Proceeds from sale of other real estate and repossessions 0 9
Net cash used by investing activities (149,427) (35,483)
Cash flows from financing activities:    
Net change in deposits 219,879 84,355
Net change in securities sold under agreement to repurchase 9,930 (36,168)
Proceeds from FHLB borrowings 70,000 184,500
Repayments of FHLB borrowings 0 (114,500)
Proceeds from Fed Funds purchased 6,935 100,075
Repayments of Fed Funds purchased (6,935) (100,075)
Repayments of Junior Subordinated Debt (155) 0
Restricted stock units exercised 57 0
Common stock repurchased (2,999) (2,490)
Cash dividends paid on common stock (3,520) (3,108)
Net cash provided by financing activities 293,192 112,589
Net change in cash and cash equivalents 151,841 86,183
Cash and cash equivalents at beginning of period 52,387 43,370
Cash and cash equivalents at end of period 204,228 129,553
Cash paid during the period for:    
Interest 1,908 2,510
Income taxes 1,651 2,463
Noncash investing and financing activities:    
Change in unrealized gain on investment securities available for sale, net 2,356 3,356
Issuance of accrued restricted stock units 57 207
Transfers of loans to other real estate and repossessions 175 26
Initial recognition of lease right of use asset and lease liability $ 450 $ 4,401