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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net earnings $ 1,964 $ 2,081
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Provision for credit losses 66 (250)
Depreciation and amortization 423 244
Premium amortization and discount accretion, net 612 909
Net gain on sale of loans held for sale (4) (229)
Loans originated for sale 0 (5,792)
Proceeds from sale of loans 0 6,366
Increase in cash surrender value of bank owned life insurance (104) (99)
Income recognized on death benefit of life insurance (52)  
Net (increase) decrease in other assets 4,420 (5,161)
Net (decrease) increase in accrued expenses and other liabilities (2,434) 3,938
Net cash provided by operating activities 4,891 2,007
Cash flows from investing activities:    
Proceeds from prepayments and maturities of securities available-for-sale 6,296 19,523
Purchase of securities available-for-sale 0 (40,498)
Decrease in loans, net (586) 29,916
Net purchases of premises and equipment (5) (549)
Proceeds from bank-owned life insurance death benefit (215)  
(Increase) decrease in FHLB stock 41 (74)
Net cash (used in) provided by investing activities 5,961 8,318
Cash flows from financing activities:    
Net increase in noninterest-bearing deposits (7,207) (7,794)
Net increase in interest-bearing deposits (3,940) 31,293
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase (94) 546
Stock repurchases (64) (120)
Dividends paid (945) (932)
Net cash provided by financing activities (12,250) 22,993
Net change in cash and cash equivalents (1,398) 33,318
Cash and cash equivalents at beginning of period 27,254 156,259
Cash and cash equivalents at end of period 25,856 189,577
Cash paid during the period for:    
Interest 877 609
Income taxes $ 0 $ 0