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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net earnings $ 3,172 $ 3,452
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation, amortization and accretion 903 1,616
Provision for credit losses 224 71
Deferred income taxes (229) (10)
Loss on sale of investment securities, net 2,488 0
Restricted stock expense (49) (56)
Proceeds from sales of mortgage loans held for sale 4,621 10,817
Origination of mortgage loans held for sale (4,827) (8,065)
Change in:    
Cash surrender value of life insurance (103) (101)
Right of use lease asset 167 167
Other assets (380) (700)
Lease liability (152) (161)
Other liabilities 2,207 133
Net cash provided by operating activities 8,042 7,163
Cash flows from investing activities:    
Purchases of investment securities available for sale 0 (41,600)
Proceeds from sales, calls and maturities of investment securities available for sale 52,023 6,440
Proceeds from paydowns of investment securities available for sale 3,305 8,829
Proceeds from paydowns of other investment securities 37 215
Redemption (purchase) of FHLB stock 2 (105)
Net change in loans (19,566) (4,889)
Purchases of premises and equipment (566) (151)
Proceeds from bank owned life insurance 0 65
Net cash provided (used) by investing activities 35,235 (31,196)
Cash flows from financing activities:    
Net change in deposits (21,774) 55,987
Net change in securities sold under agreement to repurchase (8,153) (2,271)
Proceeds from Fed Funds purchased 43,275 0
Repayments of Fed Funds purchased (43,275) 0
Common stock repurchased 0 (199)
Cash dividends paid on common stock (1,925) (1,877)
Net cash provided (used) by financing activities (31,852) 51,640
Net change in cash and cash equivalents 11,425 27,607
Cash and cash equivalents at beginning of period 71,596 277,499
Cash and cash equivalents at end of period 83,021 305,106
Cash paid during the period for:    
Interest 2,275 653
Income taxes 0 0
Noncash investing and financing activities:    
Change in unrealized loss on investment securities available for sale, net 9,173 (18,342)
Issuance of accrued restricted stock units 6 41
Initial recognition of lease right-of-use asset and lease liability 0 1,759
Allowance for credit losses record upon adoption of ASU 326 $ (838) $ 0