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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net earnings $ 8,039 $ 7,454
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Provision for loan losses (600) 1,100
Depreciation and amortization 1,244 1,666
Premium amortization and discount accretion, net 3,979 2,862
Deferred income tax (benefit) expense 278 (330)
Net gain on securities available for sale (15) (103)
Net gain on sale of loans held for sale (1,417) (2,300)
Net gain on other real estate owned 0 (52)
Loans originated for sale (47,937) (82,726)
Proceeds from sale of loans 50,901 83,138
Increase in cash surrender value of bank owned life insurance (403) (442)
Income recognized from death benefit of life insurance 0 (282)
Net increase in other assets 1,235 (2,656)
Net increase (decrease) in accrued expenses and other liabilities (2,984) 2,399
Net cash provided by operating activities 12,320 9,728
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 73,607 62,021
Purchase of securities available-for-sale (173,243) (177,686)
Decrease (increase) in loans, net 2,883 (766)
Net purchases of premises and equipment (20,175) (8,355)
Purchase of New Markets Tax credit investment (2,181) 0
Decrease (increase) in FHLB stock 267 (9)
Proceeds from bank-owned life insurance death benefit 0 694
Proceeds from sale of other real estate owned 0 151
Net cash provided by (used in) investing activities (118,842) (102,921)
Cash flows from financing activities:    
Net (decrease) increase in noninterest-bearing deposits 70,734 49,180
Net increase (decrease) in interest-bearing deposits 83,717 66,460
Net decrease in federal funds purchased and securities sold under agreements to repurchase 1,056 1,323
Stock repurchases (1,619) 0
Dividends paid (3,682) (3,638)
Net cash used in financing activities 150,206 113,325
Net change in cash and cash equivalents 43,684 20,132
Cash and cash equivalents at beginning of period 112,575 92,443
Cash and cash equivalents at end of period 156,259 112,575
Cash paid (received) during period for:    
Interest 2,560 4,055
Income taxes 2,760 1,956
Supplemental disclosure of non-cash transactions:    
Real estate acquired through foreclosure $ 374 $ 99