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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net Income $ 681 $ 2,226
Items not requiring (providing) cash    
Depreciation and amortization 477 419
Provision for loan losses 600  
Expense of share-based compensation plan 110 113
Amortization of premiums and discounts on securities 70 74
Amortization of intangible assets 2 2
Amortization of originated mortgage servicing rights 597 255
Impairment of mortgage servicing rights 2,212 708
Deferred income taxes (279) 324
Proceeds from sale of loans held for sale 84,476 44,502
Originations of loans held for sale (87,259) (43,373)
Gain from sale of loans (2,053) (1,519)
Loss (gain) on sales of assets 46 2
Changes in    
Interest receivable 166 (301)
Other assets (7,089) (1,577)
Interest payable & other liabilities 2,596 2,199
Net cash provided (used) by operating activities (4,647) 4,054
Investing Activities    
Purchases of available-for-sale securities (45,065) (8,601)
Proceeds from maturities of available-for-sale securities 39,975 4,550
Net change in loans (5,656) (10,558)
Purchase of premises, equipment (691) (451)
Proceeds from sales of premises, equipment   7
Purchase of bank owned life insurance   (50)
Proceeds from sale of foreclosed assets 175 15
Acquisition, net of cash acquired   (2,600)
Net cash used in investing activities (11,262) (17,688)
Financing Activities    
Net increase in demand deposits, money market, interest checking & savings accounts 30,248 7,944
Net increase in certificates of deposit (6,576) 17,162
Net increase (decrease) in short term borrowings 23,936 (2,929)
Proceeds from Federal Home Loan Bank advances   8,000
Net proceeds from share-based compensation plans 188 11
Stock repurchase plan (1,814) (1,294)
Issuance of common shares   139
Dividends on common shares (744) (556)
Dividends on preferred shares   (244)
Net cash provided by financing activities 45,238 28,233
Increase in cash and cash equivalents 29,329 14,599
Cash and cash equivalents, beginning of period 27,064 48,363
Cash and cash equivalents, end of period 56,393 62,962
Supplemental cash flow information    
Interest paid 2,156 1,944
Income taxes paid   620
Fair value of assets acquired - premises and equipment   1,161
Supplemental non-cash disclosure    
Initial recognition of right-of-use lease assets   293
Transfer of loans to foreclosed assets $ 5 $ 199