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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net Income $ 5,647 $ 10,842
Items not requiring (providing) cash    
Depreciation and amortization 1,092 1,004
Provision for loan losses 750
Expense of share-based compensation plan 355 274
Amortization of premiums and discounts on securities 566 549
Amortization of intangible assets 34 35
Amortization of originated mortgage servicing rights 1,044 2,135
Impairment (recovery) of mortgage servicing rights (1,129) (2,607)
Proceeds from sale of loans held for sale 125,051 255,773
Originations of loans held for sale (119,902) (249,542)
Gain from sale of loans (3,209) (10,176)
Changes in    
Interest receivable (336) 799
Other assets 2,342 2,886
Interest payable & other liabilities (7,863) (10,685)
Net cash provided by operating activities 3,692 2,037
Investing Activities    
Purchases of available-for-sale securities (50,618) (88,379)
Proceeds from maturities of interest bearing time deposits 952 2,917
Proceeds from maturities of available-for-sale securities 21,371 23,315
Net change in loans (73,073) 20,584
Purchase of premises, equipment (1,044) (1,790)
Purchase of bank owned life insurance (10,500) (50)
Proceeds from sale of foreclosed assets 1,600 28
Net cash used in investing activities (111,312) (43,375)
Financing Activities    
Net increase in demand deposits, money market, interest checking & savings accounts (27,020) 98,876
Net decrease in time deposits (14,246) (56,853)
Net increase in short term borrowings 15,452 4,907
Proceeds from Federal Home Loan Bank advances 25,000  
Repayment of Federal Home Loan Bank advances (5,500) (2,500)
Net proceeds from subordinated debt   19,522
Stock repurchase plan (4,312) (6,742)
Dividends on common shares (1,698) (1,569)
Net cash provided by (used in) financing activities (12,324) 55,641
Increase (decrease) in cash and cash equivalents (119,944) 14,303
Cash and cash equivalents, beginning of period 149,511 140,690
Cash and cash equivalents, end of period 29,567 154,993
Supplemental cash flow information    
Interest paid 1,807 2,285
Income taxes paid   3,030
Supplemental non-cash disclosure    
Transfer of loans to foreclosed assets 172 1,608
Stock dividends declared and paid $ 6,856