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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net earnings $ 2,183 $ 2,099
Adjustments to reconcile net earnings to net cash provided by (used by) operating activities:    
Provision for loan losses 200 200
Amortization of investment security premiums, net 440 485
Amortization of purchase accounting adjustment on loans (34) (58)
Amortization of purchase accounting adjustment on subordinated debentures 50
Amortization of intangibles 264 277
Depreciation 246 250
Increase in cash surrender value of bank owned life insurance [1] (159) (159)
Stock-based compensation 69 54
Deferred income taxes (339) 105
Net gains on sales of investment securities (35)
Net losses on sales of foreclosed assets 1
Net gains on sales of loans [1] (1,120) (1,161)
Proceeds from sales of loans 25,395 31,886
Origination of loans held for sale (26,139) (30,477)
Changes in assets and liabilities:    
Accrued interest and other assets (430) 838
Accrued expenses, taxes, and other liabilities (1,605) (1,232)
Net cash (used in) provided by operating activities (1,029) 3,123
Cash flows from investing activities:    
Net increase in loans (1,548) (2,596)
Maturities and prepayments of investment securities 14,833 12,682
Purchases of investment securities (7,735) (29,692)
Proceeds from sales of investment securities 2,535
Redemption of bank stocks 4,254 3,666
Purchase of bank stocks (2,472) (3,700)
Proceeds from sales of premises and equipment and foreclosed assets 14 20
Purchases of premises and equipment, net (243) (477)
Net cash provided by (used in) investing activities 7,103 (17,562)
Cash flows from financing activities:    
Net (decrease) increase in deposits (1,847) 4,003
Federal Home Loan Bank advance borrowings 101,786 233,570
Federal Home Loan Bank advance repayments (111,486) (225,423)
Proceeds from other borrowings 1,567
Repayments on other borrowings (766)
Proceeds from exercise of stock options 334
Payment of dividends (875) (821)
Net cash (used in) provided by financing activities (10,855) 10,897
Net decrease in cash and cash equivalents (4,781) (3,542)
Cash and cash equivalents at beginning of period 19,114 16,584
Cash and cash equivalents at end of period 14,333 13,042
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,685 973
Cash paid for operating leases 40 35
Supplemental schedule of noncash investing and financing activities:    
Transfer of loans to real estate owned 20
Investment securities purchases not yet settled (1,858) (2,512)
Operating lease asset and related lease liability recorded $ 353
[1] Not within the scope of ASC 606.