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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net earnings $ 6,167 $ 5,398
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Provision for loan losses (600) 1,100
Depreciation and amortization 967 1,336
Premium amortization and discount accretion, net 2,954 1,950
Net gain on securities available for sale (15) (103)
Net gain on sale of loans held for sale (1,168) (1,569)
Net gain on other real estate owned 0 (52)
Loans originated for sale (39,632) (60,173)
Proceeds from sale of loans 43,234 58,707
Increase in cash surrender value of bank owned life insurance (302) (334)
Income recognized on death benefit of life insurance 0 (282)
Net (increase) decrease in other assets (216) (1,235)
Net (decrease) increase in accrued expenses and other liabilities (2,430) (585)
Net cash provided by operating activities 8,959 4,158
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 0 21,029
Proceeds from prepayments and maturities of securities available-for-sale 53,724 39,909
Purchase of securities available-for-sale (135,434) (140,714)
Decrease in loans, net 8,569 (11,562)
Net purchases of premises and equipment (13,287) (1,527)
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 0 151
Net cash (used in) provided by investing activities (86,161) (92,029)
Cash flows from financing activities:    
Net increase in noninterest-bearing deposits 53,752 42,264
Net increase in interest-bearing deposits 61,427 57,564
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase 918 1,001
Stock repurchases (1,320) 0
Dividends paid (2,766) (2,728)
Net cash provided by financing activities 112,011 98,101
Net change in cash and cash equivalents 34,809 10,230
Cash and cash equivalents at beginning of period 112,575 92,443
Cash and cash equivalents at end of period 147,384 102,673
Cash paid during the period for:    
Interest 1,914 3,011
Income taxes 2,145 1,956
Supplemental disclosure of non-cash transactions:    
Real estate acquired through foreclosure $ 0 $ 99