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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net earnings $ 15,546 $ 16,123 $ 15,133
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation, amortization and accretion 3,126 6,031 5,569
Provision for (recovery of) credit losses 1,566 1,472 (1,163)
Deferred income taxes (453) (541) (227)
Loss on sale of investment securities, net 2,488 0 0
Gain on sale of other real estate, net 0 0 (21)
(Gain) loss on sale and write downs of premises and equipment, net (184) 85 (105)
Restricted stock units expense 187 249 181
Proceeds from sales of loans held for sale 16,190 22,659 98,365
Origination of loans held for sale (16,665) (19,233) (92,863)
Change in:      
Cash surrender value of life insurance (431) (403) (397)
Right of use lease asset 755 1,222 738
Other assets (310) (3,465) (554)
Lease liability (723) (1,673) (721)
Other liabilities 1,688 131 2,965
Net cash provided by operating activities 22,780 22,657 26,900
Cash flows from investing activities:      
Purchases of investment securities available for sale (9,615) (149,738) (209,306)
Proceeds from sales of investment securities available for sale 51,023 7,875 9,540
Proceeds from calls and maturities of investment securities available for sale 1,015 0 0
Proceeds from paydowns of investment securities available for sale 18,250 37,400 28,536
Proceeds from paydowns of other investment securities 150 1,162 201
Net change in FHLB stock (323) (105) 331
Net change in loans (60,765) (148,072) 64,380
Purchases of premises and equipment (1,948) (4,563) (484)
Proceeds from sale of premises and equipment 1,460 0 515
Proceeds from sale of other real estate and repossessions 0 0 149
Proceeds from bank owned life insurance 0 65 0
Net cash used by investing activities (753) (255,976) (106,138)
Cash flows from financing activities:      
Net change in deposits (43,170) 22,467 191,662
Net change in securities sold under agreement to repurchase 39,027 10,594 10,893
Proceeds from FRB borrowings 1 1 1
Repayments of FRB borrowings (1) (1) (1)
Proceeds from Fed Funds Purchased 43,426 162 162
Repayments of Fed Funds Purchased (43,426) (162) (162)
Common stock repurchased (1,997) (710) (3,605)
Cash dividends paid on common stock (5,108) (4,935) (3,793)
Net cash (used) provided by financing activities (11,248) 27,416 195,157
Net change in cash and cash equivalents 10,779 (205,903) 115,919
Cash and cash equivalents at beginning of period 71,596 277,499 161,580
Cash and cash equivalents at end of period 82,375 71,596 277,499
Cash paid during the year for:      
Interest 16,487 3,284 3,224
Income taxes 4,448 4,659 3,669
Noncash investing and financing activities:      
Change in unrealized gain (loss) on investment securities available for sale, net 8,232 (47,693) (5,304)
Restricted stock units exercised 6 41 39
Excise tax on stock repurchased (20) 0 0
Initial recognition of lease right of use asset and lease liability 370 1,726 1,927
Allowance for credit losses recorded upon adoption of ASU 326, net of tax $ (838) $ 0 $ 0