XML 19 R8.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net earnings $ 4,292 $ 3,462
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Provision for loan losses (600) 850
Depreciation and amortization 629 989
Premium amortization and discount accretion, net 1,940 1,081
Net gain on securities available for sale 0 (87)
Net gain on sale of loans held for sale (935) (847)
Net gain on other real estate owned 0 (17)
Loans originated for sale (32,608) (36,385)
Proceeds from sale of loans 35,279 36,576
Increase in cash surrender value of bank owned life insurance (202) (224)
Income recognized on death benefit of life insurance 0 (282)
Net (increase) decrease in other assets 22 (1,013)
Net (decrease) increase in accrued expenses and other liabilities (2,404) (334)
Net cash provided by operating activities 5,413 3,769
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 0 9,062
Proceeds from prepayments and maturities of securities available-for-sale 38,204 22,085
Purchase of securities available-for-sale (94,297) (91,318)
Decrease in loans, net 4,805 (3,400)
Net purchases of premises and equipment (7,926) (372)
Proceeds from bank-owned life insurance death benefit 0 (694)
(Increase) decrease in FHLB stock 267 (9)
Proceeds from sale of other real estate owned 0 116
Net cash (used in) provided by investing activities (58,947) (63,142)
Cash flows from financing activities:    
Net increase in noninterest-bearing deposits 37,958 51,211
Net increase in interest-bearing deposits 45,712 54,447
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase 1,141 926
Stock repurchases (750) 0
Dividends paid (1,849) (1,819)
Net cash provided by financing activities 82,212 104,765
Net change in cash and cash equivalents 28,678 45,392
Cash and cash equivalents at beginning of period 112,575 92,443
Cash and cash equivalents at end of period 141,253 137,835
Cash paid during the period for:    
Interest 1,302 2,023
Income taxes 1,335 678
Supplemental disclosure of non-cash transactions:    
Real estate acquired through foreclosure $ 0 $ 99