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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net earnings $ 6,669 $ 8,736
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation, amortization and accretion 3,505 2,549
Provision for (recovery of) loan losses 481 (681)
Deferred income taxes (21) (18)
Gain on sale of other real estate 0 (21)
Restricted stock expense (83) (100)
Proceeds from sales of mortgage loans held for sale 16,428 54,006
Origination of mortgage loans held for sale (14,079) (50,368)
Change in:    
Cash surrender value of life insurance (200) (196)
Right of use lease asset 369 406
Other assets (3,946) 92
Lease liability (360) (398)
Other liabilities 108 2,405
Net cash provided by operating activities 8,871 16,412
Cash flows from investing activities:    
Purchases of investment securities available for sale (96,357) (141,780)
Proceeds from sales, calls and maturities of investment securities available for sale 7,870 5,300
Proceeds from paydowns of investment securities available for sale 22,840 11,073
Proceeds from paydowns on other investments 982 88
Redemptions (purchases) of FHLB stock (105) 331
Net change in loans (74,651) 60,339
Purchases of premises and equipment (1,091) (339)
Proceeds from sale of other real estate and repossessions 0 149
Proceeds from bank owned life insurance 65 0
Net cash used by investing activities (140,447) (64,839)
Cash flows from financing activities:    
Net change in deposits 81,222 170,968
Net change in securities sold under agreement to repurchase 52 5,048
Common stock repurchased (594) 0
Cash dividends paid on common stock (2,896) (1,860)
Net cash provided by financing activities 77,784 174,156
Net change in cash and cash equivalents (53,792) 125,729
Cash and cash equivalents at beginning of period 277,499 161,580
Cash and cash equivalents at end of period 223,707 287,309
Cash paid during the period for:    
Interest 1,293 1,653
Income taxes 2,319 2,000
Noncash investing and financing activities:    
Change in unrealized gain on investment securities available for sale, net (33,183) (1,440)
Issuance of accrued restricted stock units 41 39
Transfer of premises and equipment to other assets held for sale 0 408
Initial recognition of lease right-of-use asset and lease liability $ 1,726 $ 0