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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 3,118 $ 3,754
Adjustments to reconcile net income to net cash provided by operating activities:    
Net accretion of acquisition accounting estimates (110) (145)
Provision for credit losses 350 100
Depreciation and amortization 620 506
Net amortization of securities 111 127
Stock-based compensation expense 61 63
Deferred income tax expense (benefit) (108) (143)
Losses on sales and valuation adjustments on other real estate owned 18 226
Fair value adjustment on equity securities (1) (22)
Bank owned life insurance income (257) (38)
Net changes in:    
Accrued interest receivable (215) (414)
Other assets 397 3,612
Accrued interest payable   (295)
Other liabilities 479 404
Net cash provided by operating activities 4,463 7,735
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities and principal payments of investment securities available for sale 20,021 5,475
Proceeds from maturities and principal payments of investment securities held to maturity 105 150
Purchases of equity securities (7) (8)
Net change in loans (28,739) (16,304)
Purchases of premises and equipment (1,397) (192)
Proceeds from sales of other real estate owned 18 17
Net purchases of restricted securities (73)  
Net redemption of restricted securities   1,184
Net cash (used in) investing activities (10,072) (9,678)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Noninterest-bearing deposits (1,564) 14,685
Interest-bearing deposits 9,055 10,306
Short-term borrowings 936 (30,088)
Common stock dividends paid (1,499) (1,278)
Repurchase of shares for tax withholding on exercised options and vested restricted stock (39) (88)
Net cash (used in) financing activities 6,889 (6,463)
Net increase in cash and cash equivalents 1,280 (8,406)
Cash and cash equivalents at beginning of period 94,971 67,225
Cash and cash equivalents at end of period 96,251 58,819
Supplemental cash flows information:    
Interest paid 2,199 2,624
Income taxes paid 77  
Lease liabilities arising from right-of-use assets 419 3,877
Unrealized gain (loss) on securities available for sale 1,714 1,983
Amortization of unrealized loss on securities transferred from available for sale to held to maturity $ 8 $ 7