Consolidated Statement of Cash Flows

6 Months Ended

Jun. 30, 2021

Consolidated Statement of Cash Flows.

6. Consolidated Statement of Cash Flows

On a consolidated basis, cash and cash equivalents include cash and due from depository institutions, interest bearing deposits and short-term investments in both money market funds and commercial paper. The Company made no

income tax payments in the first six months of 2021 and 2020. The Company made total interest payments of $4,625,000 in the first six months of 2021 compared to $6,128,000 in the same 2020 period. During the first six months of 2021, the Company did not enter into any new lease agreements and during the same 2020 period, the Company entered into a new financing lease related to office equipment and recorded a right-of-use asset and lease liability of $63,000.

In addition to the branch acquisition related information disclosed on the Consolidated Statements of Cash Flows, the following were recorded as non-cash transfers on the corresponding lines of the Consolidated Balance Sheets as of June 30, 2021 (in thousands).


Acquisition of Riverview Bank Branches
Non-cash assets acquired
Loans	$	36
Other premises and equipment, net		158
Intangible assets		1,844
	$	2,038
Non-cash liabilities assumed
Non-interest bearing deposits	$	(7,372)
Interest bearing deposits		(35,060)
Other liabilities		(37)
	$	(42,469)

Cash and cash equivalents acquired	$	258