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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net earnings $ 7,980 $ 6,669
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation, amortization and accretion 1,720 3,505
Provision for credit losses 599 481
Deferred income taxes (238) (21)
Loss on sale of investment securities, net 2,488 0
Gain on sale of premises and equipment (191) 0
Restricted stock expense 78 (83)
Proceeds from sales of mortgage loans held for sale 6,754 16,428
Origination of mortgage loans held for sale (8,103) (14,079)
Change in:    
Cash surrender value of life insurance (209) (200)
Right of use lease asset 403 369
Other assets 595 (3,946)
Lease liability (385) (360)
Other liabilities 1,386 108
Net cash provided by operating activities 12,877 8,871
Cash flows from investing activities:    
Purchases of investment securities available for sale (6,992) (96,357)
Proceeds from sales, calls and maturities of investment securities available for sale 52,023 7,870
Proceeds from paydowns of investment securities available for sale 8,206 22,840
Proceeds from paydowns of other investment securities 75 982
Redemption (purchase) of FHLB stock 2 (105)
Net change in loans (25,219) (74,651)
Purchases of premises and equipment (953) (1,091)
Proceeds from sale of premises and equipment 1,460 0
Proceeds from bank owned life insurance 0 65
Net cash provided (used) by investing activities 28,602 (140,447)
Cash flows from financing activities:    
Net change in deposits (65,691) 81,222
Net change in securities sold under agreement to repurchase 45,484 52
Common stock repurchased (833) (594)
Cash dividends paid on common stock (2,994) (2,896)
Net cash provided (used) by financing activities (24,034) 77,784
Net change in cash and cash equivalents 17,445 (53,792)
Cash and cash equivalents at beginning of period 71,596 277,499
Cash and cash equivalents at end of period 89,041 223,707
Cash paid during the period for:    
Interest 5,948 1,293
Income taxes 1,498 2,319
Noncash investing and financing activities:    
Change in unrealized loss on investment securities available for sale, net 3,854 (33,183)
Issuance of accrued restricted stock units 6 41
Initial recognition of lease right-of-use asset and lease liability 348 1,726
Allowance for credit losses record upon adoption of ASU 326 $ (838) $ 0