XML 19 R9.htm IDEA: XBRL DOCUMENT v3.21.2
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 2,740 $ 1,662
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 1,300 1,240
Provision for loan and lease losses 1,517 2,476
Deferred income tax provision 160 456
Net gain on sale and prepayment of investment securities (22) (326)
Stock-based compensation expense 324 315
Net amortization of securities 243 322
Amortization of intangible assets 268 323
Net (gain) loss on premises and equipment and other real estate (71) 131
Changes in assets and liabilities:    
Decrease (increase) in accrued interest receivable 215 (395)
Decrease (increase) in other assets 672 (896)
Decrease in accrued interest expense (109) (172)
Decrease in other liabilities (140) (1,108)
Net cash provided by operating activities 7,097 4,028
Cash flows from investing activities:    
Net decrease in federal funds sold 3 9,994
Purchases of investment securities, available-for-sale (65,535) (26,332)
Proceeds from sale of investment securities, available-for-sale   12,203
Proceeds from maturities and prepayments of investment securities, available-for-sale 32,592 24,388
Proceeds from maturities and prepayments of investment securities, held-to-maturity 2,492 6,565
Net decrease in Federal Home Loan Bank stock 265 2
Proceeds from the sale of premises and equipment and other real estate 1,630 2,344
Net increase in loans (61,135) (84,647)
Purchases of premises and equipment (648) (619)
Net cash used in investing activities (90,336) (56,102)
Cash flows from financing activities:    
Net increase in deposits 64,630 61,674
Net increase in short-term borrowings 20 20
Net share-based compensation transactions (7)  
Treasury stock repurchases   (452)
Dividends paid (559) (555)
Net cash provided by financing activities 64,084 60,687
Net increase (decrease) in cash and cash equivalents (19,155) 8,613
Cash and cash equivalents, beginning of period 94,415 57,030
Cash and cash equivalents, end of period 75,260 65,643
Supplemental disclosures:    
Interest 2,332 3,871
Income taxes 752 186
Non-cash transactions:    
Assets acquired in settlement of loans 668 1,039
Closed branch assets transferred to other real estate 1,978  
Reissuance of treasury stock as compensation $ 59 $ 449