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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities    
Net income $ 22,543 $ 9,923
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 2,531 1,437
Depreciation and amortization 2,049 1,836
Net amortization of securities premiums and discounts 1,678 2,046
Amortization of subordinated debt issuance costs 10 11
Net realized (gain) on sale of securities (2,055) (36)
Net realized loss (gain) on disposal of premises and equipment 334 (9)
Net realized (gain) on sale of foreclosed real estate (115) (18)
Write-downs of and provisions for foreclosed real estate 156 218
Deferred income tax (benefit) (562) (446)
Earnings on bank-owned life insurance (931) (761)
Compensation expense for stock options and restricted stock grants 1,061 816
Decrease decrease (increase) in assets:    
Accrued interest receivable 371 (2,370)
Other assets (4,944) 3,138
Increase in accrued interest payable and other liabilities 4,273 418
Net Cash Provided by Operating Activities 26,399 16,203
Cash Flows from Investing Activities    
Net cash acquired in acquisition 0 15,846
Securities available for sale:    
Purchases (141,584) (101,664)
Sales 103,285 82,725
Maturities, calls and principal repayments 11,220 9,659
Securities held to maturity:    
Purchases (1,490) (1,279)
Maturities, calls and principal repayments 1,529 2,466
Net (increase) in loans (156,717) (161,240)
Proceeds from the sale of foreclosed real estate 1,922 836
Purchases of bank premises and equipment (2,432) (1,426)
Proceeds from the sale of premises and equipment 590 53
Purchases of bank owned life insurance (500) (5,000)
Net (increase) in other bank stock (734) (3,304)
Net Cash Used in Investing Activities (184,911) (162,328)
Cash Flows from Financing Activities    
Net increase in deposits 171,102 92,970
Net (decrease) in short-term borrowed funds 17,705 85,450
Proceeds from long-term borrowings 15,122 0
Repayment of long-term borrowings (19,620) (15,000)
Net proceeds from capital raise 0 0
Purchase of treasury stock (5,446) 0
Dividends paid (3,029) (2,263)
Net Cash Provided by Financing Activities 175,834 161,157
Net increase in Cash and Cash Equivalents 17,322 15,032
Cash and Cash Equivalents - Beginning 26,678 11,646
Cash and Cash Equivalents - Ending 44,000 26,678
Supplementary Cash Flows Information    
Interest paid 23,263 11,619
Income taxes paid 2,606 3,111
Supplementary Schedule of Noncash Investing and Financing Activities    
Foreclosed real estate acquired in settlement of loans 1,607 348
Other real estate owned transferred from fixed assets 0 0
Non-cash assets acquired:    
Other bank stock 0 3,535
Securities available for sale 0 78,102
Loans 0 493,180
Foreclosed real estate 0 2,562
Premises and equipment 0 11,034
Interest receivable 0 1,704
Bank owned life insurance 0 7,963
Goodwill and intangibles assets 0 26,872
Other assets 0 4,841
Total non-cash assets acquired 0 629,793
Liabilities assumed:    
Deposits 0 (498,478)
Borrowings 0 (59,106)
Other liabilities 0 (3,726)
Total liabilities assumed 0 (561,310)
Common stock issued for acquisitions $ 0 $ (84,329)