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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net earnings $ 4,121 $ 2,367
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation, amortization and accretion 1,198 1,038
Provision for (reduction of provision for) loan losses (455) 1,521
Deferred income taxes (9) (8)
Restricted stock expense (44) (77)
Proceeds from sales of mortgage loans held for sale 28,939 14,876
Origination of mortgage loans held for sale (24,036) (16,608)
Change in:    
Cash surrender value of life insurance (97) (95)
Right of use lease asset 241 195
Other assets (336) 165
Lease liability (239) (189)
Other liabilities 2,432 (1,298)
Net cash provided by operating activities 11,745 1,887
Cash flows from investing activities:    
Purchases of investment securities available for sale (90,470) (10,958)
Proceeds from sales, calls and maturities of investment securities available for sale 645 2,343
Proceeds from paydowns of investment securities available for sale 4,981 5,138
Proceeds from paydowns on other investments 44 44
Redemption (purchase) of FHLB stock 331 (3,031)
Net change in loans 2,221 (30,779)
Purchases of premises and equipment (243) (391)
Net cash used by investing activities (82,491) (37,634)
Cash flows from financing activities:    
Net change in deposits 113,379 17,441
Net change in securities sold under agreement to repurchase 5,715 4,314
Proceeds from FHLB borrowings 0 70,000
Proceeds from Fed Funds purchased 0 6,935
Repayments of Fed Funds purchased 0 (6,935)
Repayments of Junior Subordinated Debt 0 (155)
Restricted stock units exercised 39 57
Common stock repurchased 0 (2,999)
Cash dividends paid on common stock (930) (1,779)
Net cash provided by financing activities 118,203 86,879
Net change in cash and cash equivalents 47,457 51,132
Cash and cash equivalents at beginning of period 161,580 52,387
Cash and cash equivalents at end of period 209,037 103,519
Cash paid during the period for:    
Interest 802 994
Income taxes 0 0
Noncash investing and financing activities:    
Change in unrealized gain on investment securities available for sale, net (3,100) 2,090
Issuance of accrued restricted stock units $ 39 $ 57